This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Of the 93% not paid to term, 30% are paid within 5 days of being due and 38% of payments are made within a week of being due. This is due to the timing of our payment runs versus falling due dates, as we do not make payments every day. 61% of payments are made within 2 weeks.
Maximum contractual payment period agreed
90
Initial disputes are dealt with by our Ledger Manager and relevant Account Manager, with process in place to escalate firstly to the Financial Controller and then to the Chief Financial Officer.
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
SYMINGTON'S LIMITED is a British food and drink company that was founded in 1827 and is headquartered in Leeds, England. The company has a strong commitment to sustainability and is dedicated to reducing its environmental impact and promoting ethical practices throughout its supply chain.
The company's sustainability program includes initiatives such as reducing energy consumption, increasing the use of recycled and sustainable materials, and working with suppliers to ensure ethical and responsible sourcing of ingredients. SYMINGTON'S also has a strong focus on reducing food waste and has implemented measures to improve recycling and composting.
SYMINGTON'S LIMITED offers a wide range of food and drink products, including popular brands such as Chicken Tonight, Mug Shot, Naked Noodle, and Ragu. These products are available in supermarkets and stores across the UK and are also exported to other countries.
The key people at SYMINGTON'S LIMITED include CEO Andrew Chapman and Chairman David Salkeld, both of whom have extensive experience in the food and drink industry. The company's registered office address is in Leeds, and they can be contacted through their website, which is www.symingtons.com.
In summary, SYMINGTON'S LIMITED is a well-established British food and drink company with a strong commitment to sustainability. They offer a wide range of products and are led by experienced individuals. Their dedication to ethical and responsible practices makes them a leader in the industry.