PILGRIM'S PRIDE LTD.
Company number: 00608077
Reporting period:
1 July 2024 to
29 December 2024
This report was filed on 30 January 2025
and approved by Morten Knudsen
Payment statistics
Average time taken to pay invoices: 61 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 25%
- in 61 days or more: 49%
Invoices due but not paid within agreed terms: 80%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
60 days from date of invoice - General Suppliers 15 days from date of invoice - Agriculture
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
60 days
No further comment provided
Any other information about payment terms
Payment terms are negotiated with each supplier and a wide range are available for use. The terms used have been agreed to by suppliers and there is a strong commitment to meet these terms.
Dispute resolution process
Where possible Pilgrim's Pride match all invoices automatically through a three way match process. Any issue arising from a failure to match is assigned back to the ordering site electronically for correlation and controlled through electronic workflows. If issues are not resolved through this internal process then the buyer will contact the supplier to agree resolution.
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No