PROMENS PACKAGING LIMITED
Company number: 04846267
Reporting period:
1 October 2019 to 31 March 2020
Report filed on:
27 April 2020
Approved by:
Jason Greene
Payment statistics
Average time taken to pay invoices: 0 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
1 days
Standard payment terms
Trade and assets of the businesses previously reported in Promens Packaging Limited were transferred into a fellow group company at the start of the period and therefore the payment practices for these businesses have been reported within the acquiring entity for the current period.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
0 days
Trade and assets of the businesses previously reported in Promens Packaging Limited were transferred into a fellow Group company at the start of the period and therefore the payment practices for these businesses have been reported within the acquiring entity for the current period.
Any other information about payment terms
Trade and assets of the businesses previously reported in Promens Packaging Limited were transferred into a fellow Group company at the start of the period and therefore the payment practices for these businesses have been reported within the acquiring entity for the current period.
Dispute resolution process
Trade and assets of the businesses previously reported in Promens Packaging Limited were transferred into a fellow Group company at the start of the period and therefore the payment practices for these businesses have been reported within the acquiring entity for the current period.
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 Fair 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