LEPRINO FOODS LIMITED
Company number: 02594981
Reporting period:
31 December 2023 to 29 June 2024
Report filed on:
23 July 2024
Approved by:
Louise Roberts
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 29%
- in 61 days or more: 14%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 10%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 60 days from date of invoice. Our payment terms for capital items can be 30 days, with 40% deposit plus 10% on final completion.
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
1825 days
Our longest contract for normal suppliers is 5 years with annual price discussions and annual break clauses related to performance.
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers who have a dispute or complaint about payments are directed to our central purchasing function, where their query will be compared with the agreed contractual terms, and discussed with the supplier. If mutually agreed then the terms can be amended to new terms. We have very few disputes or complaints about payment terms, as all of our suppliers have clearly agreed payment terms and payments for due invoices are made weekly.
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