MARS FOOD UK LIMITED

Company number: 06649971

Reporting period:
1 July 2019 to 31 December 2019

This information is as reported by the business, and responses are in their own words.

This report was filed on 30 January 2020

and approved by Craig Sargeant

Payment statistics

Average time taken to pay invoices: 58 days

Invoices paid:

within 30 days: 28%
in 31 to 60 days: 48%
in 61 days or more: 24%

Invoices due but not paid within agreed terms: 10%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

120 days

Standard payment terms

Standard terms 60 days

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

120 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Suppliers are instructed to contact Accenture Helpdesk Team who provides services to Mars at marseu.ap.helpdesk@accenture.com or at dedicated phone number (+44) 2035649242. Helpdesk Team will aim to resolve any dispute within 2-5 working days. Information about invoices and payments status are also available to Suppliers on online tool – MySupplier Portal.

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.

Yes

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?