Prompt Payment Guide for Suppliers
A.G. BARR appreciates that prompt payment is a key issue for our suppliers. We have automated internal processes which regulate how and when we pay. It’s important our suppliers understand and comply with these processes in order to minimise the risk of delayed payment. We’ve prepared this short guidance note to help our suppliers in this regard.
Our standard payment terms
Our standard payment terms are to pay correctly rendered and valid invoices by the end of the month following the month of receipt. These terms are reflected in our standard terms and conditions of purchase which are accessible here
How to ensure prompt payment
To ensure prompt payment in line with our standard payment terms (or individually negotiated payment terms), you must:
- Obtain a valid purchase order from your A.G. BARR contact including details of the agreed volumes and pricing;
- Quote the applicable purchase order number on your delivery note;
- Quote the applicable purchase order number and delivery note numbers on your invoice;
- Ensure your invoice is correct in that the quoted volumes and price correspond to the amounts delivered and agreed pricing; and
- Ensure your invoice is delivered to email@example.com
If you do not comply with these requirements, payment of invoices may be delayed.
Our Payment Practices Statement
A.G. Barr p.l.c
52 weeks to 27th Jan 2018
(including any standard contractual length of time for payment of invoices and the maximum contractual payment period, any changes to standard terms, whether suppliers have been notified or consulted on these changes).
Our standard payment terms are to pay correctly rendered and valid invoices by the end of the month following the month of receipt. These terms are reflected in our standard terms and conditions of purchase which are accessible within the company website (www.agbarr.co.uk).
All invoices must quote a valid Purchase Order reference in order to be paid.
Proportion of invoices paid within agreed terms
(by percentage of value)
Average days taken to pay invoices from the date of issue
Proportion of invoice values paid within the following periods
(where day 1 is the date of the invoice. by percentage)
1-30 days 45.0%
31-60 days 51.4%
60 days + 3.6%
Amount of interest paid (£k)
Amount of interest liable to pay (£k)
Process for dispute resolution for overdue invoices:
All invoice related queries should be addressed to a member of the Accounts Payable team on 01236 852582 or e-mail firstname.lastname@example.org.
Please note this e-mail address is for queries only, invoices can be sent directly to email@example.com
E-invoicing (see above) - Yes
Supply chain finance - No
Preferred supplier lists - No
Have you requested payments to join or remain on a supplier list? - No
Are we a member of a payment code - No
If yes, which code are you a member of? - N/A
If you are a supplier and have any questions, please get in touch with the Accounts Payable team on 01236 852582 or firstname.lastname@example.org