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BRITVIC SOFT DRINKS LIMITED

Company number: 00517211

Reporting period:
1 April 2023 to 30 September 2023

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

This report was filed on 31 October 2023

and approved by Rebecca Napier

Payment statistics

Average time taken to pay invoices: 76 days

Invoices paid:

• within 30 days: 12%
• in 31 to 60 days: 13%
• in 61 days or more: 76%

Invoices due but not paid within agreed terms: 22 %

Payment terms

Shortest standard payment period

105 days

Longest standard payment period

120 days

Standard payment terms

The Company's standard payment terms are 105 days. (End of
3rd month following receipt).
Where the due date falls on a weekend, payment is made on
the next working day.

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

No

Maximum contractual payment period agreed

120 days

Any other information about payment terms

Payments falling due during a weekend or public holiday are credited to suppliers bank accounts on the next business working day.

Dispute resolution process

Payment disputes are initially handled by the Accounts Payable
team, with support from the relevant procurement contact,
where appropriate. If a satisfactory outcome cannot be
reached, the issue will be escalated within the organisation, and
the PLC Legal team involved if necessary.

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

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.

Yes

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