FRESHLINC LIMITED
Company number: 04100636
Reporting period:
29 July 2023
to 27 January 2024
This report was filed on 26 February 2024
and approved by Stephen King
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 52%
- in 61 days or more: 33%
Invoices due but not paid within agreed terms: 7 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Agency Labour 14 days
Fuel Suppliers 14 days
Contract Hire Equipment (first day of month in advance)
Other Suppliers - end of month following date of invoice (in effect 30 days from end of month of invoice date)
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Queries raised by finance manager to ordering manager
If no satisfactory response received, esculated to depot manager
If supplier not happy with dispute resolution, referred to functional director for 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