| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 64 | 8% | 39% | 53% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 60 | 8% | 46% | 45% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are as follows:- · after 31/03/18 90 days from invoice date paid at the end of the month Some suppliers are on different payment terms to those above. There is no set criteria on what determines the payment terms. Payment terms are agreed between the supplier and our buyer, this is confirmed in writing on our Purchase Order. If a supplier has an amount due to us they may deduct their invoice once due from their payment to us. The maximum contract payment period is 120 days from date of invoice. Changes/New payment terms are stated in writing on our purchase order.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
Invoice discrepancies/disputes are notified to the supplier as soon as possible by either our Purchase Ledger Department or our Buyers. Invoices are not paid until the discrepancy/dispute is resolved. We aim to resolve any invoice discrepancies/disputes before the invoice is due for payment however this can be dependent upon action from the supplier. Suppliers can contact either our Purchase Ledger Department or our Buyers with any invoice or payment queries.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
REFRESCO BEVERAGES UK LIMITED is an active private limited company, incorporated on 28 November 1919, based in the East Midlands region. Registered business activity: Manufacture of soft drinks; production of mineral waters and other bottled waters.
From Companies House records.