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GREENCORE GROCERY LIMITED

Company number: 01754279

Reporting period:
26 March 2022 to 30 September 2022


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

This report was filed on 26 October 2022

and approved by Guy Dullage

Payment statistics

Average time taken to pay invoices: 90 days

Invoices paid:

  • within 30 days: 4%
  • in 31 to 60 days: 13%
  • in 61 days or more: 83%

Invoices due but not paid within agreed terms: 14%

Payment terms

Shortest standard payment periods

90 days

Longest standard payment period

120 days

Standard payment terms

Standard payment terms are the next electronic transfer payment run following the 90th day of the date of receipt of a valid invoice. https://www.greencore.com/sustainability/our-responsibilities/

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

150 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

If Greencore Grocery Limited disputes any invoice or part of any invoice issued by the supplier to Greencore Grocery Limited or receives an invoice in respect of any goods which Greencore Grocery Limited believes (acting reasonably) have not been properly provided then: -The Greencore Grocery Limited will pay that part of the invoice which is not the Disputed Sum in accordance with the payment terms; -The Greencore Grocery Limited will be entitled to withhold payment of the disputed sum; -The parties will negotiate in good faith to resolve the dispute, but if a resolution cannot be reached within ninety (90) days of the start of such negotiations, the matter will be referred to the Courts; -The supplier will provide all such information and evidence as may be reasonably necessary to verify the disputed sum; and -following resolution of the dispute, Greencore Grocery Limited will pay to the Supplier that part of the Disputed Sum (if any) as it is resolved is payable by Greencore Grocery Limited

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.

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