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EURO PACKAGING UK LIMITED

Company number: 07012425

Reporting period:
1 July 2019 to 31 December 2019

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

This report was filed on 31 January 2020

and approved by Mr David Smith

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 60%
• in 31 to 60 days: 28%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 33 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

120 days

Standard payment terms

We have a variety of payment terms due to the different types of services/products we provide to our customers from our suppliers

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

No

Maximum contractual payment period agreed

120 days

Any other information about payment terms

N/A

Dispute resolution process

All shortages/delivery discrepancies are notified to suppliers within 48 hours of goods receipt.
All invoice queries are logged on our internal invoice query system for resolution; these are reviewed on a daily basis.
Suppliers are notified as soon as possible if an invoice has been placed in query.
We have a generic e-mail address for any invoices/statements and payment enquiries, which is monitored by our purchase ledger department, which we encourage all of our suppliers to use: supp.invoice@europackaging.co.uk

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