Score of 93.93/100 qualifies for PaymentCheck Certification
| 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 Apr 2024 - 30 Sept 2024 | 25 Mar 2025 | 20 | 90% | 10% | 0% | 1% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 21 | 92% | 8% | 0% | 1% |
| 01 Apr 2023 - 30 Sept 2023 | 29 Apr 2024 | 20 | 95% | 4% | 1% | 2% |
| 01 Apr 2022 - 30 Sept 2022 | 25 Oct 2022 | 23 | 94% | 5% | 1% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 25 Oct 2022 | 24 | 93% | 4% | 3% | 2% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Oct 2022 | 23 | 95% | 5% | 0% | 3% |
| 01 Sept 2020 - 31 Mar 2021 | 25 Oct 2022 | 24 | 90% | 8% | 2% | 5% |
| 01 Apr 2020 - 30 Sept 2020 | 25 Oct 2022 | 27 | 93% | 6% | 1% | 4% |
| 01 Oct 2019 - 31 Mar 2020 | 25 Oct 2022 | 26 | 92% | 8% | 0% | 3% |
| 01 Apr 2019 - 30 Sept 2019 | 01 Oct 2019 | 24 | 96% | 4% | 0% | 3% |
| 01 Oct 2018 - 31 Mar 2019 | 24 Apr 2019 | 23 | 98% | 2% | 0% | 3% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 25 | 100% | 0% | 0% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Due to the nature of our business a large proportion of our supply chain is from Asia. Typically payment for product is made on receipt of invoice whilst the product is being shipped, ie paid day 0 or day 1. For the majority of other invoices payment terms are 30 days from date of invoice.
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
30
For payment disputes accounts payable would liaise with the appropriate person within the organisation who has raised the PO. This could entail price, quantity or quality issues. We would endeavour to resolve any issues within 30 days.
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
MEADOWVALE FOODS LTD is an active private limited company, incorporated on 6 September 1989, based in the West Midlands region. Registered business activity: Wholesale of meat and meat products.
From Companies House records.