Company number: 02395347
and approved by Hayley Toleman
Average time taken to pay invoices: 32 days
Invoices paid:
Invoices due but not paid within agreed terms: 6%
0 days
30 days
Unless we have entered into specific trading agreements with supplier our purchase is conducted in accordance with our Standard Terms and Conditions of Purchase which can be downloaded: http://www.lakesidefoods.co.uk/downloads/std-terms-and-conditions-of-purchase.pdf Most frequently used payment terms are 30 days of receipt of an accurate and valid VAT invoice. We also agree to different payment terms depending on types of contract, supplier or product: proforma for Far East purchase (LOC & Import Collection), Proforma ,7 days, fresh -14/21 days, 35 days, 30 days from month end Lakeside Foods arranges weekly payment runs: Bacs +International and ad-hoc daily proforma payments if required.
Answer not provided
N/A
30 days
No further comment provided
N/A
Purchase invoices should be e-mailed to purchaseledger@lakesidefoods.co.uk or delivered by post. Invoice is matched to purchase order by purchase ledger clerk and passed for payment with agreed payment terms. In case of any quantity or price discrepancy query will be passed to Lakeside Foods buyer responsible for purchasing of goods or service. Purchase ledger clerk will contact supplier to explain issue and request credit note or issue debit note if required.
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.
No
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