CARLUCCIO'S LIMITED

Company number: 02001576

Reporting period:
25 March 2018 to 23 September 2018

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This report was filed on 19 October 2018

and approved by Andrew Campbell

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

• within 30 days: 77%
• in 31 to 60 days: 22%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 87%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

45 days

Standard payment terms

Most frequently used payment terms are 30 days from date of invoice, making up 86% of the payments made in the reporting period. The remainder of payments are mostly on 14 days from date of invoice payment terms (12%), which is mainly due to our contract with one of our largest food suppliers being on 14 day terms.

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

45 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Initial communications with suppliers regarding disputes will take place between purchase ledger team and the supplier over phone/email. If dispute continues, then we will gather back-up documents and approvals, and send these to the supplier, and the supplier will send any back-up documents to us, and our purchase ledger manager will be involved. This will generally result in a resolution, however under some circumstances the relationship holder with the supplier may be involved to escalate the matter.

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.

Yes

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