H.J. HEINZ MANUFACTURING UK LIMITED
Company number: 00147624
Reporting period:
2 July 2023
to 30 December 2023
This report was filed on 26 January 2024
and approved by Christine Page
Payment statistics
Average time taken to pay invoices: 88 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 10%
- in 61 days or more: 79%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Standard payment period for qualifying contracts
97 days
Standard payment terms
90 days plus 7 from the end of month following receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
97 days
Any other information about payment terms
N/A
Dispute resolution process
Heinz builds and develops relationships with its suppliers and in the first instance would always look to settle any dispute through amicable discussions or, where applicable, in accordance with any dispute resolution provisions agreed contractually.
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