FRESNILLO PLC
Company number: 06344120
Reporting period:
1 January 2024
to 30 June 2024
This report was filed on 27 July 2024
and approved by Alberto Tiburcio
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Fresnillo plc’s (“Fresnillo”) standard terms provide that it will pay all invoices within 30 days from the date of receipt.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Fresnillo endeavours to advise suppliers of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms and is committed to dealing with its suppliers in a fair, honest and professional manner whilst seeking best value for the business. Disputes and complaints relating to payments are handled by e-mail or phone by the Fresnillo department who has requested the service or supply, with the support of our Accounts Payable department. Fresnillo will pay the invoice(s) in the payment run that occurs immediately after the dispute is resolved (within the next 7 days).
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