BRANSTON LIMITED
Company number: 02889789
Reporting period:
29 January 2024 to 28 July 2024
Report filed on:
22 October 2024
Approved by:
Jo Hill
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 13%
- in 31 to 60 days: 43%
- in 61 days or more: 44%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
31 days
Longest standard payment period
59 days
Standard payment terms
Potato purchases 31 days from date of invoice Other purchases EONM (end of next month)
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
59 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Purchase orders are raised and any disputes are resolved with the supplier and the originator of the purchase order.
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.
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