GILLETTE U.K. LIMITED

Company number: 00254912

Reporting period:
1 July 2022 to 31 December 2022

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

This report was filed on 5 January 2023

and approved by Anthony Appleton

Payment statistics

Average time taken to pay invoices: 83 days

Invoices paid:

within 30 days: 3%
in 31 to 60 days: 42%
in 61 days or more: 55%

Invoices due but not paid within agreed terms: 5%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

75 days

Standard payment terms

Standard payment terms are 75 days. We do have vendors on payment terms which are different to the standard.

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

We have in place a Standard Operating Procedure detailing how disputes should be handled and who is responsible to resolve a blocked invoice. Suppliers can check the status of their invoice online and via an app.

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?