C & W BERRY LIMITED
Company number: 01464224
Reporting period:
1 May 2023 to 31 October 2023
Report filed on:
9 November 2023
Approved by:
Gary Higham
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 63%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
C & W Berry DO NOT set payment terms, payment terms are set by the supplier which we then adopt and adhere to. The most common settlement terms offered to us by suppliers are 'Net Monthly' i.e. end of month following month of invoice , however, where early settlement discount is offered the earlier settlement date is always adopted in exchange for the discount on offer.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Contractual settlement terms are not agreed on an invoice by invoice basis but on an overall account basis. Most common terms offered by suppliers are monthly (due at the end of the month following the month of invoice) which means an invoice will be anywhere between 30 days and 60 days old (therefore 45 on average) when it is paid depending on what date during the month the invoice was raised.
Any other information about payment terms
N/A
Dispute resolution process
Disputes over invoicing/pricing errors are usually settled between the supplier's sales department and the C & W Berry Ltd buyer who places orders for the product group in question. All efforts are made to resolve queries as expeditiously as possible.
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 Fair 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