COOPERVISION MANUFACTURING LIMITED
Company number: 02737396
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
28 November 2025
Approved by:
Graham Ley
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 59%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 51%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
75 days
Standard payment terms
Company standard terms are 75 days from date of
invoice.
Were there any changes to the standard payment terms in the reporting period?
Company standard terms were changed from
60 days to 75 days (from date of invoice) with
effect from 01/08/2025
Were suppliers notified or consulted about these changes before they were made?
Standard terms are for new suppliers. Existing suppliers terms are negotiated via contract renewal discussions or email on an adhoc basis.
Maximum contractual payment period agreed
75 days
No further comment provided
Any other information about payment terms
Exceptions to Company standard terms may be
authorised as part of the contract negotiations where
mutually beneficial terms may be agreed.
Dispute resolution process
Where an invoice is subject to a dispute or query, the
full invoice will be held in dispute until an agreement
is reached between both parties. A credit note must
be raised by the supplier immediately upon a dispute
being upheld. Payment of the invoice will be made
once the credit note has been received and
validated.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No