Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 May 2021 - 31 Oct 2021 | 25 Nov 2021 | 51 | 20% | 55% | 25% | 44% |
| 01 Nov 2020 - 30 Apr 2021 | 19 May 2021 | 44 | 29% | 47% | 24% | 46% |
| 01 May 2020 - 31 Oct 2020 | 23 Nov 2020 | 57 | 24% | 32% | 44% | 65% |
| 01 Nov 2019 - 30 Apr 2020 | 01 Jun 2020 | 48 | 18% | 64% | 18% | 67% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 44 | 22% | 57% | 21% | 42% |
| 31 Oct 2018 - 30 Apr 2019 | 12 Jul 2019 | 49 | 19% | 61% | 20% | 56% |
| 01 Nov 2018 - 30 Apr 2019 | 20 Jun 2019 | 49 | 18% | 61% | 20% | 56% |
| 01 May 2018 - 31 Oct 2018 | 08 Jan 2019 | 55 | 9% | 67% | 24% | 58% |
| 01 Nov 2017 - 30 Apr 2018 | 18 May 2018 | 51 | 12% | 64% | 24% | 75% |
| 01 May 2017 - 31 Oct 2017 | 05 Feb 2018 | 51 | 12% | 63% | 25% | 77% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For stock invoices our standard payment terms are 'End of Month Following' (45 days) For non stock invoices our standard payment terms are 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We do two payment runs each month: one mid-month and the second at month-end. As most of our invoices are end of month following we are usually a few days late with our standard payments. This is something our suppliers are comfortable with. If you calculate our Percentage of invoices not paid within agreed terms with a 5 day grace period then is only 36% of invoice were not paid on time. Due to COVID-19 we made arrangements with our suppliers to delay payments for agreed terms these were between 30 and 120 days.
Maximum contractual payment period agreed
75
Non Stock - It is up to the budget / invoice holder to resolve any 'non-stock' invoice disputes. Stock - Price disputes on stock items (variances to the Purchase Order) are sent to our Procurement team to resolve directly with the supplier. Quantity disputes are largely dealt with by our Purchase Ledger teams. PODs are provided to validate any dispute.
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
Leathams Limited is a specialist food supplier, trading as Leathams, founded in 1980 originally supplying game and smoked salmon to London restaurants. It now supplies food manufacturers, wholesalers and cash and carry operators, fast food outlets and restaurants across the UK with a broad food range including tomatoes, peppers and olives, vegetables, chestnuts, charcuterie, grains and pulses, plant based products, oils and condiments, dairy and eggs, meat and fish, and sweet and baked goods. It owns brands such as SunBlush, Roquito, La Fresca and CherryBell, and distributes the Merchant Gourmet range. The company serves foodservice, food manufacturing and retail grocery market channels, describing itself as a branded specialist supplier.
Generated from the company's website and Companies House records. Sources: leathams.co.uk