The trend for 2 SISTERS POULTRY LIMITED over the past 3 periods has been an increase in the average time taken to pay invoices, with a corresponding increase in the percentage of invoices paid later than 60 days. This trend could potentially lead to strained relationships with suppliers and impact the company's reputation.
There has been some volatility in the average time to pay and the percentage of invoices paid within 30 days, but the biggest change has been in the percentage of invoices paid later than 60 days. This indicates a potential lack of consistency in payment practices and could be a cause for concern for suppliers.
| 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 2021 - 31 Jul 2021 | 31 Aug 2021 | |||||
| 01 Aug 2020 - 31 Jan 2021 | 01 Mar 2021 | |||||
| 01 Feb 2020 - 31 Jul 2020 | 24 Sept 2020 | 38 | 50% | 24% | 26% | 71% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 43 | 47% | 19% | 35% | 72% |
| 01 Feb 2019 - 31 Jul 2019 | 22 Aug 2019 | 40 | 51% | 19% | 31% | 68% |
| 01 Aug 2018 - 31 Jan 2019 | 25 Feb 2019 | 39 | 52% | 16% | 32% | 79% |
| 01 Feb 2018 - 31 Jul 2018 | 29 Aug 2018 | 37 | 52% | 18% | 30% | 80% |
| 01 Aug 2017 - 31 Jan 2018 | 27 Feb 2018 | 41 | 50% | 16% | 34% | 75% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We shall pay the price of the goods and the services on our first working day following the end of the third month following receipt of a correctly constituted VAT invoice or, if later, upon our acceptance of the goods or services in question.
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
120
Invoices are matched on receipt and disputed invoices notified to the supplier. Disputes are managed directly between the supplier and site and resolved items are then reprocessed.
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
2 Sisters Poultry Limited is a leading poultry company in the UK, operating under the parent company 2 Sisters Food Group. The company is committed to sustainability and has a strong focus on producing high-quality, ethically sourced poultry products.
Their sustainability program, called "Feeding Our Future," aims to reduce the company's environmental impact by implementing sustainable practices throughout their supply chain. This includes reducing water and energy consumption, improving waste management, and supporting local communities.
The company offers a wide range of poultry products, including fresh and frozen chicken, turkey, and duck. These products are available in various cuts and packaging options to cater to different customer needs.
The key people at 2 Sisters Poultry Limited include Ranjit Singh Boparan, the founder and CEO of 2 Sisters Food Group, and Martyn Fletcher, the Managing Director of 2 Sisters Poultry Division. They are supported by a team of experienced professionals who are dedicated to delivering high-quality products and services.
To contact 2 Sisters Poultry Limited, customers can visit their website at www.2sisterspoultry.co.uk or reach out to their registered office at Trinity Park House, Fox Way, Trinity Business Park, Wakefield, WF2 8EE.
In summary, 2 Sisters Poultry Limited is a sustainable and innovative poultry company in the UK, offering a wide range of high-quality products and services under the leadership of experienced professionals. They are dedicated to reducing their environmental impact and supporting local communities through their sustainability program, "Feeding Our Future."
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