Company number: 05335933
and approved by William Coulten
Average time taken to pay invoices: 40 days
Invoices paid:
Invoices due but not paid within agreed terms: 5%
0 days
60 days
Standard terms are 28 days for this reporting period. However, we have some standard terms specific to the vendor, which vary between proforma (0 days) up to 60 days.
Answer not provided
N/A
60 days
No further comment provided
Please note, we implemented a new accounting system in May which has impacted our ability to report practices across the 6 month reporting period. However, the data reported is a reasonable reflection of our payment practices.
1. Terms are agreed with vendors prior to trading 2. If payments are disputed with vendors: - remittance advice goes to all vendors when paid, referencing key information such as invoices covered etc. - if vendors have concerns, the remittance advice includes contact information for the Atlantic Foods Limited accounts payable team - disputes are then negotiated between parties - aged payables are also reviewed on a monthly basis with senior Atlantic Foods management
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No