| 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 |
|---|---|---|---|---|---|---|
| 28 Jun 2025 - 26 Dec 2025 | 22 Jan 2026 | 39 | 29% | 65% | 6% | 1% |
| 28 Dec 2024 - 27 Jun 2025 | 23 Jul 2025 | 42 | 21% | 71% | 8% | 2% |
| 29 Jun 2024 - 27 Dec 2024 | 24 Jan 2025 | 36 | 43% | 53% | 4% | 2% |
| 30 Dec 2023 - 28 Jun 2024 | 25 Jul 2024 | 34 | 47% | 50% | 3% | 2% |
| 01 Jul 2023 - 29 Dec 2023 | 25 Jan 2024 | 37 | 31% | 66% | 3% | 2% |
| 31 Dec 2022 - 30 Jun 2023 | 27 Jul 2023 | 34 | 42% | 55% | 3% | 3% |
| 01 Jan 2022 - 01 Jul 2022 | 28 Jul 2022 | 33 | 51% | 46% | 3% | 5% |
| 26 Jun 2021 - 31 Dec 2021 | 27 Jan 2022 | 33 | 51% | 45% | 4% | 6% |
| 26 Dec 2020 - 25 Jun 2021 | 22 Jul 2021 | 36 | 46% | 45% | 9% | 10% |
| 27 Jun 2020 - 25 Dec 2020 | 22 Jan 2021 | 35 | 45% | 49% | 6% | 8% |
| 28 Dec 2019 - 26 Jun 2020 | 23 Jul 2020 | 34 | 40% | 57% | 3% | 4% |
| 29 Jun 2019 - 27 Dec 2019 | 23 Jan 2020 | 39 | 28% | 64% | 8% | 5% |
| 29 Dec 2018 - 28 Jun 2019 | 22 Jul 2019 | 40 | 27% | 65% | 8% | 8% |
| 30 Jun 2018 - 28 Dec 2018 | 18 Jan 2019 | 40 | 29% | 63% | 8% | 6% |
| 30 Dec 2017 - 29 Jun 2018 | 16 Jul 2018 | 40 | 27% | 65% | 8% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
International Procurement and Logistics Limited ('IPL')’s standard contractual payment terms state that IPL will pay each correct invoice on its next weekly payment run following 45 days after the later of receipt of goods and receipt of invoice (for the majority of IPL’s goods for resale suppliers), on its next weekly payment run following 60 days after receipt of invoice (for goods not for resale suppliers) or 30 days (cash in bank) after receipt of invoice for small suppliers. In certain specific circumstances, IPL may agree to shorter and longer payment terms with its suppliers as part of an overall commercial agreement. In particular, 60 day payment terms are often agreed for suppliers of wine and nuts and dried fruit
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Under IPL’s standard contractual terms, IPL may set off monies payable to a supplier against any monies owed to IPL (and in some cases, any group company) by that supplier.
Maximum contractual payment period agreed
90
If an IPL supplier raises a query in respect of an outstanding invoice, payment or deduction, in the first instance it is handled by the Accounts Payable team through a clear query process. If necessary the Accounts Payable team will refer to other business areas within IPL to resolve the enquiry. If the matter remains unresolved within the target turnaround time it is escalated to senior leadership
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
International Procurement and Logistics Limited, trading as IPL, is part of the Asda group. It sources fresh fruit and vegetables, beverages, nuts, dried fruit, protein, houseplants and flowers from suppliers and farmers worldwide, specifically for Asda customers. The company controls the supply chain from sourcing and shipping through to packing, bottling and delivery, operating dedicated packing sites for produce, houseplants, flowers, and nuts and dried fruit. Originally incorporated in 2004 as International Produce Limited, it was renamed International Procurement & Logistics Limited in 2013 as its range diversified beyond fruit packing into vegetables, beverages and other categories. It describes itself as one of the largest privately owned food processing businesses in the UK, with colleagues across multiple UK sites and country offices abroad.
Generated from the company's website and Companies House records. Sources: ipl-ltd.com · ipl-ltd.com