PREMIER FOODS GROUP LIMITED

Standard payment terms

Payment Due date is calculated from the date of receipt of a valid invoice, plus 60 days due at end of the month. If the payment due date of an invoice does not fall on a Business Day, payment shall become due on the Business Day following the due date, so has payment terms between 60 & 90 days of invoice receipt

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Some suppliers have agreed payment terms that are calculated from the date of receipt of a valid invoice, plus 120 days due at end of the month. If the payment due date of an invoice does not fall on a Business Day, payment shall become due on the Business Day following the due date, so the payment term for such agreements can range between 120 & 150 days of invoice receipt.

Maximum contractual payment period agreed

150

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