BREYER GROUP PUBLIC LIMITED COMPANY

Company number: 00782931

Reporting period:
1 June 2018 to 30 November 2018

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

This report was filed on 20 December 2018

and approved by Neil Fisher

Payment statistics

Average time taken to pay invoices: 64 days

Invoices paid:

within 30 days: 8%
in 31 to 60 days: 32%
in 61 days or more: 60%

Invoices due but not paid within agreed terms: 82%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

75 days

Standard payment terms

Breyer Group PLC Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 60 days. The majority of payments are by BACS and have been made by reference to when the BACS has been submitted not received. This has contributed to the percentage of ‘invoices due but not paid as the regulations require the calculation to be from date of BACS receipt not submission.

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

75 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Breyer Group PLC Limited actively seeks to resolve disputes by discussing them with the relevant supplier or sub-contractor, typically involving members of the accounts payable and credit control departments and /or the procurement and commercial teams and / or where necessary members of management. However, where it is not possible to reach agreement, a number of potential dispute resolution methods (for example, mediation, adjudication, expert determination, litigation and / or arbitration) may be used.

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.

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.

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?