| 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 2025 - 31 Dec 2025 | 04 Feb 2026 | 81 | 2% | 33% | 65% | 5% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 80 | 2% | 34% | 64% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 79 | 2% | 33% | 65% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 78 | 2% | 32% | 66% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 77 | 1% | 37% | 62% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 74 | 2% | 41% | 57% | 5% |
| 01 Jul 2022 - 31 Jan 2023 | 31 Jan 2023 | 76 | 1% | 38% | 61% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 76 | 2% | 35% | 63% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 76 | 1% | 35% | 64% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 80 | 1% | 34% | 65% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 78 | 3% | 32% | 65% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 80 | 2% | 31% | 67% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 78 | 2% | 31% | 67% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 76 | 3% | 37% | 60% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 77 | 2% | 32% | 66% | 15% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 73 | 3% | 37% | 60% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for smaller suppliers are generally 60 days, with daily payment runs. For larger suppliers, we generally agree 90 day payment terms with fortnightly payment runs, unless alternative contractual arrangements are expressly mutually agreed. Our reported data reflects a mix of payment terms across both smaller and larger suppliers. Payment terms are just one element of how we work with suppliers, and we are committed to fair, responsible and transparent payment practices.
Were there any changes to the standard payment terms in the reporting period?
Following a review to align and standardise global payment practices, our standard payment terms for EU suppliers operating on an ad hoc purchase order basis are 90 days. Different payment terms apply in defined circumstances, including for smaller suppliers in the UK and Ireland, who operate on 60-day payment terms with daily payment runs, for food and agricultural product suppliers in the EU, and where alternative payment terms have been contractually agreed.
Any other information about payment terms
A preferential Supplier Financing facility is available to our suppliers. This arrangement enables payment to suppliers earlier than standard or contracted payment terms.
Maximum contractual payment period agreed
120
Supplier payment issues that arise in the first instance are addressed by the shared financial services team. Depending on the issue, procurement team colleagues may be involved to resolve any disputes or issues via the Diageo internal dispute resolution process. Suppliers may raise any questions/requests via the Supplier Service Hub and that is directed to the relevant team for prompt resolution.
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
Diageo Great Britain Limited is a UK company registered at Companies House, incorporated in 1952. It previously traded as International Distillers & Vintners Limited, United Distillers & Vintners (HP) Limited and Guinness United Distillers & Vintners Limited before adopting its current name. Its registered activities cover distilling, rectifying and blending of spirits, manufacture of soft drinks and bottled waters, wholesale of wine, beer, spirits and other alcoholic beverages, and head office activities. This indicates it operates as part of a wider drinks group, handling production and wholesale distribution of alcoholic and non-alcoholic beverages within Great Britain, alongside acting as a head office function for related group operations.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk