FRONERI ICE CREAM UK LIMITED

Company number: 00901522

Reporting period:
1 January 2024 to 30 June 2024

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This report was filed on 18 July 2024

and approved by Mark White

Payment statistics

Average time taken to pay invoices: 49 days

Invoices paid:

• within 30 days: 19%
• in 31 to 60 days: 48%
• in 61 days or more: 33%

Invoices due but not paid within agreed terms: 8%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

76 days

Standard payment terms

Standard payment terms are 45 days after the end of the month in which the supplier raises the invoice. We operate a single weekly payment run, and payments that have fallen due are picked up on the next payment run. Invoices that are in dispute or under query are not paid. By running a single weekly payment run, invoices may be paid shortly after the due date per the invoice, however this is considered to be on-time in the statistics reported. Invoices paid by direct debit collections to our suppliers are considered to have been paid on-time. Invoices raised by our customers for over-rider and similar deductions are paid by deduction from other invoices due to Froneri. These invoices are considered to have been immediately paid on time. If suppliers offer discounts for early payment, then payment may be made early in order to meet the criteria for receiving the discount. Froneri Ice Cream UK Limited is part of the Froneri Group. Froneri Group standard intra-group payment terms are 23 days after the end of the month in which the supplier raises the invoice.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

91 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Disputes and complaints are addressed to the Accounts Payable department. Accounts Payable Froneri Ice Cream UK Limited Leeming Bar Industrial Estate Leeming Bar Northallerton North Yorkshire DL7 9UL 01677 423397 apfinance@uk.froneri.com

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, 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.

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