BLOOM FRESH INTERNATIONAL LIMITED
Company number: 13904967
Reporting period:
1 September 2024 to 28 February 2025
Report filed on:
2 April 2025
Approved by:
Amalio Fuster Fernandez Delgado
Payment statistics
Average time taken to pay invoices: 10 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 7%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 36%
Payment terms
Shortest standard payment periods
2 days
Longest standard payment period
90 days
Standard payment terms
Payment terms informally agreed with the supplier
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the instances that Bloom Fresh receives an invoice that varies from the expected cost, an open dialogue is established between the cost approver and supplier. The original invoice is registered in the system to maintain visibility, and once final agreement is reached - whether payment of the original invoice or reduced value subject to a credit memo - it is remitted timely thereafter. Bloom Fresh values all of its working relationships with suppliers and looks to maintain this with swift remittances.
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.
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