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Company number: 06582290

Reporting period:
1 April 2018 to 30 September 2018

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 12 October 2018

and approved by Mark Stephen James

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

Invoices due but not paid within agreed terms: 10 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

45 days

Standard payment terms

Sayers The Bakers does not have standard payment terms.
Payment terms are agreed with suppliers as part of contract negotiations
Overdue invoices are mostly ones which had been under query.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

45 days

Any other information about payment terms


Dispute resolution process

Disputes are resolved by contacting in the first place informally then formally the relevant parties including accounts payable/credit control teams, procurement and sales teams to allow them the opportunity to resolve within an acceptable time period.
If they are not resolved the supplier must then write to the Finance Director setting out details of their unresolved dispute asking for a resolution.
These will be formally investigated within a 28 day period.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?