GU INDULGENT FOODS LIMITED
Company number: 07104090
Reporting period:
1 October 2021 to
31 March 2022
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 27 September 2023
and approved by Thomas Pead
Payment statistics
Average time taken to pay invoices:
60 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 38%
- in 61 days or more: 43%
Invoices due but not paid within agreed terms:
63%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
120 days
Standard payment terms
60 days from the date of invoice. Specific payment terms outside the standard terms are agreed with some suppliers on a case-by-case basis.
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
120 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Suppliers can contact Gu Indulgent Foods Purchase Ledger department via email or phone. Queries will be resolved in as short a delay as possible and will involve internal analysis and communications of findings with suppliers.
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