Score of 81.5/100 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 23 | 63% | 32% | 5% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 27 | 56% | 35% | 9% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 27 Jul 2024 | 15 | 95% | 4% | 1% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 18 | 94% | 4% | 2% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 12 | 97% | 3% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 15 | 89% | 8% | 3% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 15 | 95% | 2% | 3% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 12 | 93% | 5% | 1% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Jul 2021 | 10 | 99% | 1% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 15 | 94% | 4% | 2% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 14 | 90% | 8% | 2% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 15 | 96% | 3% | 1% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 19 | 99% | 1% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Fresnillo plc’s (“Fresnillo”) standard terms provide that it will pay all invoices within 30 days from the date of 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
30
Fresnillo endeavours to advise suppliers of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms and is committed to dealing with its suppliers in a fair, honest and professional manner whilst seeking best value for the business. Disputes and complaints relating to payments are handled by e-mail or phone by the Fresnillo department who has requested the service or supply, with the support of our Accounts Payable department. Fresnillo will pay the invoice(s) in the payment run that occurs immediately after the dispute is resolved (within the next 7 days).
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Fresnillo plc is the London-listed parent company of the Fresnillo Group, registered in England with its office in London. The wider group operates precious metals mining in Mexico, running eight mines and a portfolio of exploration and development projects, and describes itself as the world's leading silver producer and one of Mexico's largest gold producers. Its business spans exploration, development, construction and mining operations across its Mexican portfolio, including its flagship Fresnillo silver mine. As the registered UK entity, Fresnillo plc functions as the group holding company overseeing these mining operations, investor relations and reporting, rather than conducting mining activity itself.
Generated from the company's website and Companies House records. Sources: fresnilloplc.com · fresnilloplc.com