METSA WOOD UK LIMITED
Company number: 03071064
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 9 January 2020
and approved by A Olsson
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 19%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 22 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Contract terms are 30 days after invoice date.
The terms reflect the contractual status relating to the 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
90 days
Contractual payment terms match the processed payment terms
Any other information about payment terms
N/A
Dispute resolution process
Supplier contacts accounts payable accountspayableMWUK@metsagroup.com
and advises of the complaint, the UK local 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