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CHEP UK LIMITED

Company number: 00197807

Reporting period:
1 January 2018 to 30 June 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 19 July 2019

and approved by Carla Brocklehurst

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 27%
• in 31 to 60 days: 53%
• in 61 days or more: 20%

Invoices due but not paid within agreed terms: 92 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

Standard Payment terms range between 0 and 60 Days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

There is a Helpdesk Service attending whatever request is being made by the suppliers. If there is any dispute about payments vs contractual agreement, it is escalated either to Procurement or the business contact who maintains the relationship with the supplier. The final solution is trying always to follow the contractual terms that were agreed, even if it requires to execute an urgent payment.

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.

Yes – Brambles Code of Conduct - this is a Parent Group code of conduct.

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