BEAM SUNTORY UK LIMITED
Company number: 05591988
Reporting period:
31 July 2023
to 31 December 2023
This report was filed on 31 January 2024
and approved by Mr. Jose Padilla
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 40%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 12 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
60 days is the standard one but we also have some vendors with7 days payments even it is not the standard as they ares mall vendors.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
We have two payment runs the 5th and the 20th of each month and for some critical vendors weekly payments
Any other information about payment terms
N/A
Dispute resolution process
Invoices that do not clear the system for payment are logged and passed back to the accounthandler to investigate and advise a resolution.
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.
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