FLINT CPS INKS UK LTD
Company number: 03256359
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
26 January 2021
Approved by:
Jeremy Berenzweig
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 50%
- in 61 days or more: 24%
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
38 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are end of month after invoice date plus 38 days
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
118 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Each of our supplier have possibility to ask questions via general email address CPS.Payables@flintgrp.com or via phone +44 190 287 52 62. Each question is responded in max 3 working days. Email and phone is managed by experienced payable team of accountants.
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: Yes – https://www.flintgrp.com/media/3252/code-of-conduct-english.pdf
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