ESSITY OPERATIONS MANCHESTER LIMITED

Company number: 04119442

Reporting period:
1 July 2020 to 31 December 2020

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This report was filed on 28 January 2021

and approved by Mr Paul Bailey

Payment statistics

Average time taken to pay invoices: 55 days

Invoices paid:

• within 30 days: 21%
• in 31 to 60 days: 31%
• in 61 days or more: 47%

Invoices due but not paid within agreed terms: 88%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

90 days

Standard payment terms

Default payment terms of 90 days are applied unless shorter payment terms are agreed with the supplier. Most used payment terms include 45 days and 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

A review of our payment process is being taken so that we have a standardized approach across Europe. This will lead to more regular payment runs and therefore a decrease in late payments. Although 88% are showing as late, if we exclude payments that are up to a week late this figure reduces to <50%

Dispute resolution process

The purchaser contacts the supplier to try to resolve the situation and then will inform Accounts who will chase for any expected credit notes.

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.

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