| 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 Feb 2019 - 31 Jul 2019 | 23 Dec 2019 | 31 | 42% | 56% | 2% | 13% |
| 01 Aug 2018 - 31 Jan 2019 | 04 Mar 2019 | 28 | 53% | 46% | 1% | 14% |
| 01 Feb 2018 - 31 Jul 2018 | 07 Sept 2018 | 24 | 64% | 36% | 0% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
35 days after invoice
Were there any changes to the standard payment terms in the reporting period?
28 day terms to 35 day terms
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Our accounts/buying teams will liaise on differences between delivery value and invoice values. The accounts team will then deal with the supplier to resolve the difference.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
FROZEN VALUE LIMITED is an active private limited company, incorporated on 24 February 1971, based in the West Midlands region. Registered business activity: Other retail sale of food in specialised stores.
From Companies House records.