BAXTERS FOOD GROUP LIMITED
Company number: SC023572
Reporting period:
1 October 2022
to 31 March 2023
This report was filed on 26 April 2023
and approved by Kieran Slevin
Payment statistics
Average time taken to pay invoices: 57 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 33%
- in 61 days or more: 47%
Invoices due but not paid within agreed terms: 94 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 60 days from date of invoice, but variations are applied when negotiated and agreed by both parties
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
If a supplier has a query regarding payment dates or invoices, there is a dedicated email address and telephone number to reach the accounts payable team. If unable to resolve, the team are responsible for escalating the issues up to the relevant departments or the AP Manager or Financial Controller.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No