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Company number: 01521219

Reporting period:
1 January 2023 to 30 June 2023

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

This report was filed on 27 July 2023

and approved by Sam Barnes

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

Invoices due but not paid within agreed terms: 9 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

61 days

Standard payment terms

For third party invoices the standard payment terms are 60, approved exceptions being taxes, utilities, rentals and payment term limits defined by Law. Any exception to standard payment terms requires approval by a responsible official.

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

Yes – Standard payment terms change from ME61 (61 days after month end) to net 60 days (60 days after invoice date). Applier to new suppliers going forward (no changes for already existing contracts).

Were suppliers notified or consulted about these changes before they were made?


Maximum contractual payment period agreed

120 days

Maximum contractual payment terms apply only for 1 supplier within the reporting period.

Any other information about payment terms


Dispute resolution process

Initially queries are dealt with by the Accounts Payable Team via contact details that have been provided to the supplier. If this Team cannot resolve the issue, the matter is escalated to the relevant person in the business (PepsiCo) who will work with the Accounts Payable Team to resolve the issue.

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?