Published reports

CHEP UK LIMITED

Company number: 00197807

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

Reporting period:

1 January 2017 to 31 December 2017

Report filed on:

18 January 2018

Approved by:

Carla Brocklehurst


Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

  • within 30 days: 45%
  • in 31 to 60 days: 46%
  • in 61 days or more: 9%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 82%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Most frequently used payment terms are 30 days from date of invoice

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

90 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

There is a Helpdesk Service attending whatever request is being made by the suppliers. If there is any dispute about payments vs contractual agreement, it is escalated either to Procurement or the business contact who maintains the relationship with the supplier. The final solution is trying always to follow the contractual terms that were agreed, even if it requires to execute an urgent payment.

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.

Yes, this business has signed up to: Brambles Code of Conduct - this is a Parent Group code of conduct.

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.

Yes

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