CAN-PACK UK LIMITED
Company number: 06366267
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 24 July 2019
and approved by Gary Beard
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 15%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 43 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
Majority of suppliers are on a the standard 30 days. Transport mainly is 60 days and intercompany invoices range from 60-90 days depending on the goods/service.
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
Suppliers of disputed invoices will be contacted by the department in order to resolve disputes. In most cases this is done fairly quickly resulting in the invoices being paid within the agreed payment terms. However there are exceptions. Invoices are not processed through the system until they are resolved.
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.
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