Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 83.17/100 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 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 34 | 89% | 9% | 2% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 27 | 67% | 24% | 9% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 27 | 71% | 23% | 6% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 24 | 77% | 18% | 5% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 27 | 72% | 20% | 8% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 26 | 73% | 20% | 7% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for payment of invoices for TM Telford Dairy Limited are 45 days from the receipt of a fully supported and accurate invoice for goods and services that have been delivered in full. For significant contracts for the supply and installation of machinery and equipment, the standard payments terms are 30 days from receipt of invoice based on a contractually agreed set of certified milestones with documented criteria dictating the completion of each milestone and invoicing opportunity. TM Telford Dairy Limited pay a number of service and intercompany related invoices on receipt.
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
60
All disputed payment queries are initially handled by the Accounts Payable team. Volume queries are escalated to the receiving location to evidence of delivery differences and price queries supported by the procurement team. If a satisfactory outcome cannot be reached, the issues are escalated through the procurement team to our internal legal team for support and 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
TM Telford Dairy Limited is a UK registered company, incorporated in 2007, classified under manufacture of other milk products. It is registered at a business park in Market Drayton, Shropshire, and forms part of the Müller UK & Ireland group. The wider Müller group produces yogurts, milk, milkshakes, desserts and dairy ingredients, marketed under the Müller brand from farm to factory to fridge. As a group entity, this company's own role is confined to dairy product manufacture within that structure, rather than direct consumer-facing retail or marketing activity, which is carried out under the wider Müller UK & Ireland brand.
Generated from the company's website and Companies House records. Sources: muller.co.uk