METSA WOOD UK LIMITED
Company number: 03071064
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 11 July 2019
and approved by Alice Olsson
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 21%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
standard payment terms are 30 days after invoice date the terms reflect contractual status relating to appropriate supply of goods and services
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Contractual payment terms match processed payment terms
Any other information about payment terms
N/A
Dispute resolution process
The supplier contacts accountspayablemwuk@metsagroup.com
and advises of the complaint. the local UK business follows this up directly with the supplier.
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
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