EURO PACKAGING UK LIMITED
Company number: 07012425
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
4 February 2019
Approved by:
David Smith
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 31%
- in 61 days or more: 16%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
We have a variety of payment terms due to the different types of services/products we provide to our customers from our suppliers.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
90 days EOM
Any other information about payment terms
N/A
Dispute resolution process
All shortages/delivery discrepancies are notified to suppliers within 48 hours of goods receipt. All invoice queries are logged on our internal invoice query system for resolution, these are reviewed on a daily basis. Suppliers are notified as soon as possible if an invoice has been placed in query. We have a generic e-mail address for any invoices/statements and payment enquiries, that is monitored by our purchase ledger department, which we encourage all of our suppliers to use: suppinvoice@europackaging.co.uk
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 Prompt 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.
Yes
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