BALL BEVERAGE PACKAGING EUROPE LIMITED

Company number: 02554348

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 30 January 2020

and approved by Philip Hocken

Payment statistics

Average time taken to pay invoices: 128 days

Invoices paid:

• within 30 days: 8%
• in 31 to 60 days: 14%
• in 61 days or more: 78%

Invoices due but not paid within agreed terms: 14%

Payment terms

Shortest standard payment periods

97 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms for payment of supplier invoices by Ball Beverage Packaging Europe Ltd (“BBPE”) are an average 97.5 days from date of invoice, paid on either the 15th or end of month payment run following due date. Other payment terms are offered and in place where appropriate and dependent on the commercial nature of the agreement. BBPE offers financing facilities that allow certain suppliers to obtain payment earlier than the contracted due date (subject to finance charges) – BBPE subsequently settles payment with the finance provider, typically on 180 day net payment terms.

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

270 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Any payment queries should be directed to the accounts payable team at our Global Business Services office in Belgrade, Serbia using the email uk.invoices@ball.com. The team will investigate reasons for non payment of invoices and if it cannot resolve the query it will reach out to the relevant business department e.g. sourcing / operations, for resolution. Once resolved the invoice will either be passed for payment in accordance with payment terms (or the next payment run which ever is later), or a credit note received. In addition to resolving any current disputes all efforts are made to ensure payment terms are agreed for future invoices.

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.

Yes

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