PEPPER (UK) LIMITED
Company number: 06548489
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
30 January 2025
Approved by:
Ganna Agafonova
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 32%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 45%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are agreed individually with suppliers for each contract, typically on 30 or 60 days from receipt of invoice. The most frequently used payment terms are 30 days. A small number of suppliers have shorter payment terms, these are typically high volume low transaction value supplies.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Where we have a dispute in respect of an invoice, we will notify the supplier in writing prior to the invoice payment due date
The responsibility for this resides with the Relationship Manager who has procured the service. Support is provided by the Accounts payable team whose contact details are readily available to all suppliers.
In such circumstances we are entitled to withhold payment until such time as the dispute is resolved.
Where disputes are more significant, we will resolve these in accordance with the process detailed in the individual supplier contracts.
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