| 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 2020 - 31 Jul 2020 | 11 Dec 2020 | 53 | 30% | 30% | 40% | 51% |
| 01 Aug 2019 - 31 Jan 2020 | 11 Dec 2020 | 50 | 29% | 38% | 33% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Business standard payment terms are 60 days end of month (EOM) from the date of invoice. However, variations to these terms do exist based on agreements with certain suppliers.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. Suppliers are required to quote purchase order numbers on all invoices. Invoices are matched to the Purchase Order and Goods Received Note (GRN) prior to posting by accounts payable. Quantities and prices are checked, and all differences relating to quantities, prices and discounts should be fully investigated prior to approving the invoice for payment. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. Any complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers have contact details. The Accounts Payable team will escalate where applicable to the Head of Transactional Services and relevant Head of Department to seek a speedy resolution.
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
ARYZTA BAKERIES UK LTD is a leading bakery company in the United Kingdom that specializes in the production and distribution of high-quality baked goods. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes measures such as reducing energy and water consumption, utilizing renewable energy sources, and implementing a waste management system to minimize their carbon footprint. They also prioritize sourcing ingredients from sustainable and ethical suppliers.
The company offers a wide range of products, including bread, pastries, cakes, and desserts, under well-known brands such as Delice de France, Otis Spunkmeyer, and Cuisine de France. They cater to both retail and foodservice customers, providing fresh and delicious baked goods to supermarkets, restaurants, and cafes across the UK.
The key people at ARYZTA BAKERIES UK LTD include the CEO, Chief Financial Officer, and other senior executives who are dedicated to driving the company's success and upholding its values of quality, innovation, and sustainability.
For more information about ARYZTA BAKERIES UK LTD and their products and services, you can visit their website at www.aryzta.com/uk. Their registered office address is at Unit 1, Premier Park, 33 Road One, Winsford Industrial Estate, Winsford, Cheshire, CW7 3RT.