| 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 Sept 2023 - 29 Feb 2024 | 27 Aug 2024 | 47 | 34% | 46% | 20% | 31% |
| 01 Mar 2023 - 31 Aug 2023 | 27 Aug 2024 | 51 | 41% | 42% | 17% | 56% |
| 01 Sept 2022 - 28 Feb 2023 | 20 Jun 2023 | 24 | 79% | 19% | 2% | 42% |
| 01 Mar 2022 - 31 Aug 2022 | 14 Feb 2023 | 23 | 86% | 12% | 2% | 42% |
| 01 Sept 2021 - 28 Feb 2022 | 01 Apr 2022 | 20 | 86% | 13% | 1% | 41% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 21 | 85% | 14% | 1% | 45% |
| 01 Sept 2020 - 28 Feb 2021 | 31 Mar 2021 | 20 | 95% | 5% | 0% | 45% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 20 | 86% | 14% | 0% | 53% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 21 | 82% | 16% | 2% | 66% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 24 | 82% | 16% | 2% | 55% |
| 01 Sept 2018 - 28 Feb 2019 | 01 Apr 2019 | 24 | 82% | 16% | 2% | 55% |
| 01 Sept 2017 - 28 Feb 2018 | 06 Apr 2018 | 50 | 29% | 44% | 27% | 71% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment by BACS transfer for the goods/service unless otherwise agreed and detailed in the PO shall be 60 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Suppliers are able to contact the business regarding complaint or concern on the following email address. gbr.accountspayable@ferrero.com where a team of experts will direct the query to the relevant department. The complaint or concern will be considered by that department. The length of time taken to resolve the complaint or concern is dictated by its nature. If a resolution cannot be agreed upon, the business will use and escalation process both within the business and with the supplier until a resolution by both parties can be found. Ferrero also offer the supplier access to their portal to enable them to have the ability to follow the progress of an invoie right through to payment
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Ferrero UK Limited is the UK entity within the Ferrero confectionery group, registered under Companies House with a nature of business classified as manufacture of cocoa and chocolate confectionery. It was originally incorporated in 1966 as Ferrero Limited before adopting its current name in 1992. Company records show directors and officers linked to Ferrero International, including individuals based in Luxembourg, reflecting its position within the wider international Ferrero corporate group. The company is registered at an address in Greenford, England, and remains active, filing accounts and confirmation statements as required. As the UK operating entity, it forms part of a group whose core business is the manufacture of chocolate and confectionery products.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk