R&R ICE CREAM UK LIMITED
Company number: 00901522
Reporting period:
1 January 2023 to
30 June 2023
This report was filed on 25 July 2023
and approved by Mike Fraine
Payment statistics
Average time taken to pay invoices: 64 days
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 48%
- in 61 days or more: 46%
Invoices due but not paid within agreed terms: 94%
Payment terms
Shortest standard payment periods
23 days
Longest standard payment period
76 days
Standard payment terms
Standard payment terms are 45 days after the end of the month in which the supplier raises the invoice. Payments which fall due during the week are picked up on a single weekly payment run which is paid the following week. Invoices that are in dispute or under query are not paid. By running a single weekly payment run, invoices that are paid in the week following the week when they fall due may be paid after the due date per the invoice, affecting these statistics reported. Invoices paid by direct debit collections to our suppliers are considered to have been paid on-time. If suppliers offer discounts for early payment, then payment may be made early in order to meet the criteria for receiving the discount. R&R Ice Cream UK Limited is part of the Froneri Group. Froneri Group standard intra-group payment terms are 23 days after the end of the month in which the supplier raises the invoice.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
91 days
Shortest standard payment terms relate to intra-group transactions with Froneri Group suppliers.
Any other information about payment terms
N/A
Dispute resolution process
Disputes and complaints are addressed to the Accounts Payable department. Accounts Payable R&R Ice Cream UK Limited Leeming Bar Industrial Estate Leeming Bar Northallerton North Yorkshire DL7 9UL 01677 423397 apfinance@uk.froneri.com
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, this business has not signed up to a code of conduct or standards on payment practices.
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