AB INBEV UK LIMITED

Company number: 03982132

Reporting period:
1 January 2024 to 30 June 2024

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This report was filed on 30 July 2024

and approved by Ashish Thadani

Payment statistics

Average time taken to pay invoices: 121 days

Invoices paid:

• within 30 days: 2%
• in 31 to 60 days: 19%
• in 61 days or more: 78%

Invoices due but not paid within agreed terms: 5%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

Answer not provided

Standard payment terms

We do not have standard payment terms. Instead these are agreed during negotiation with the supplier in question, based on a number of  factors, including the size of the supplier and type of service provided.  

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

235 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Suppliers can raise questions or disputes through our online portal, GURU. Under our dispute resolution procedure, all queries or disputes will be responded to within 5 working days. We also offer an escalation procedure, with a 48-hour service level agreement.

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.

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