Company number: 05266811
and approved by R Smothers
Average time taken to pay invoices: 45 days
Invoices paid:
Invoices due but not paid within agreed terms: 15%
60 days
90 days
Standard payment terms are 60 days following the end of the month of the invoice date. The maximum payment period is 60 days end of month. There have been no changes to standard payment terms in the reporting period.
Answer not provided
N/A
90 days
No further comment provided
In December 2023, informal agreements were made with some suppliers to pay them later than the contractually agreed terms due to payment dates falling on Bank Holidays. If we exclude these suppliers, the proportion of suppliers paid beyond agreed terms was actually 4%.
The Greene King group has a dedicated accounts payable helpdesk that offers suppliers support through to query resolution. The team can be contacted by e-mail or phone Monday to Friday. Contact by e-mail is acknowledged within a maximum of 2 working days with all supplier queries being assigned a unique case number. The majority of phone calls are answered immediately. Greene King offers a supplier payment portal to allow suppliers to monitor and view all their account information, providing real time data that includes invoice approval and invoice payment status.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No