CAN-PACK UK LIMITED

Company number: 06366267

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 24 July 2018

and approved by Gary Beard

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

• within 30 days: 78%
• in 31 to 60 days: 17%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 42%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

Answer not provided

Standard payment terms

The majority of our standard payments are 30 days except for export haulage which tends to be 60 days.

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

If an invoice is disputed, the affected department will contact the supplier in order to resolve the dispute. In most cases this will be done fairly quickly (usually no longer than 7 days) meaning the invoice and any subsequent credit will still be settled within payment terms. There are exceptions where disputes will take longer to resolve. The invoice is not processed through the system until there is a resolution.

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