PERNOD RICARD UK LIMITED
Company number: 01870414
Reporting period:
1 January 2023 to 30 June 2023
Report filed on:
24 July 2023
Approved by:
Dean Chugg - Head of Financial Control
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 41%
- in 61 days or more: 35%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 34%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Typically we look to agree 60 day terms with suppliers.
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
89 days
These are for Intercompany invoices only which are paid through Netting: date set by group which is usually set between day 18-31 of invoice date +2 month (so between 70 days to 89 days).
Any other information about payment terms
No further comment provided
Dispute resolution process
All queries regarding payment of invoices should be emailed to the accounts payable department at accounts.payable@pernod-ricard-uk.com and should be responded to within 2/3 working days. Queries regarding volumes or work done would typically be queried and managed by the relevant business contact.
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