Score of 81.4/100 qualifies for PaymentCheck Certification
The data for DUNBIA (WALES) shows a consistent decrease in the average time taken to pay invoices over the past three periods. This trend suggests that the company is making efforts towards early payment. The percentage of invoices paid within 30 days has also increased over the past three periods, indicating a positive trend towards timely payment.
The data for DUNBIA (WALES) shows volatility in the percentage of invoices paid later than 60 days. It has fluctuated between 6% and 10% over the past three periods, indicating that the company needs to work on consistent and timely payment to suppliers.
From Jan 2018 to June 2021, DUNBIA (WALES) has shown a consistent decrease in the average time taken to pay invoices, from 34 days to 22 days. The percentage of invoices paid within 30 days has increased from 60% to 77% over the same period. However, there has been volatility in the percentage of invoices paid later than 60 days, ranging from 6% to 10%.
| 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 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 30 | 49% | 43% | 8% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 22 | 77% | 19% | 4% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 24 | 74% | 21% | 5% | 31% |
| 31 Dec 2018 - 30 Jun 2019 | 29 Jul 2019 | 25 | 73% | 22% | 6% | 26% |
| 01 Jun 2018 - 30 Dec 2018 | 30 Jan 2019 | 25 | 77% | 17% | 6% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 34 | 60% | 30% | 10% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
71% of purchases are supplied from farmers and the standard payment terms are 7-14 days from the date of kill, other purchases are paid between 30-90 days from the 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
Disputes are managed by the sites and disputed invoices are notified to the supplier, these are dealt with in a timely, controlled, professional and supportive manner. Any resolved items are then reprocessed.
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
DUNBIA (WALES) is a leading food company based in Wales, UK. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact. Their products and services include meat processing, packaging, and distribution.
DUNBIA's sustainability program focuses on three main areas: reducing waste, conserving resources, and promoting ethical and responsible practices. They have invested in renewable energy sources, such as solar panels, to power their facilities. They also have a water recycling system in place to reduce their water consumption. In addition, they have implemented a zero-waste policy and have found ways to reuse and recycle materials within their production process.
The company is led by a team of experienced professionals, including CEO Jim Dobson and Group Legal and Property Director David Smith. They are dedicated to driving the company towards a more sustainable future.
DUNBIA is known for its high-quality meat products, including beef, lamb, and pork. They work closely with their farmer suppliers to ensure the highest standards of animal welfare and sustainable farming practices. They also have a range of plant-based products, catering to the growing demand for vegetarian and vegan options.
To contact DUNBIA, you can visit their website at www.dunbia.com or email them at info@dunbia.com. Their registered office address is at Llanybydder, Carmarthenshire, SA40 9UP, UK.
In conclusion, DUNBIA (WALES) is a sustainable food company that is committed to promoting ethical practices and reducing their environmental impact while providing high-quality products and services. With a strong leadership team and a focus on sustainability, they are a leading player in the food industry in Wales.