ARDAGH METAL BEVERAGE TRADING UK LIMITED

Company number: 07832417

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 29 January 2020

and approved by Simon Gresty

Payment statistics

Average time taken to pay invoices: 129 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 2%
• in 61 days or more: 83%

Invoices due but not paid within agreed terms: 98%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

171 days

Standard payment terms

Standard payment terms are 90 days. Terms however can vary between 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

171 days

Within the payment terms there are intercompany invoices with extended payment terms.

Any other information about payment terms

Within the payment terms there are intercompany invoices with extended payment terms.

Dispute resolution process

For all disputes the first point of contact will be a member of the Accounts Payable team, who can be contacted by email The member of the AP team will try to resolve the query themselves, if this is not possible they will contact the person who had raised the order and liaise with them.

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.

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