ARJO WIGGINS FINE PAPERS LIMITED
Company number: 00961440
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 24 July 2018
and approved by Martin Newell
Payment statistics
Average time taken to pay invoices: 66 days
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 26%
- in 61 days or more: 64%
Invoices due but not paid within agreed terms: 90 %
Payment terms
Shortest standard payment period
64 days
Longest standard payment period
90 days
Standard payment terms
Standard = 64 days from end of month;
Maximum = 90 days end of month the 10th of the following month
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Maximum = 90 days end of month the 10th of the following month
Any other information about payment terms
N/A
Dispute resolution process
In the first instance suppliers contact the Accounts Payable team, who are able to resolve most issues. If unable to resolve, the A/P team will either contact the purchase originator or redirect the supplier to the purchase originator if more appropriate.
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