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FLINT INK (U.K.) LIMITED

Company number: 00326153

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 27 July 2018

and approved by Doug Aldred

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

• within 30 days: 27%
• in 31 to 60 days: 50%
• in 61 days or more: 23%

Invoices due but not paid within agreed terms: 26 %

Payment terms

Shortest standard payment period

39 days

Longest standard payment period

69 days

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

Maximum contractual payment period agreed

121 days

not applicable

Any other information about payment terms

Payments are made each 2nd business day and 8th, 15th and 22nd calendar day (if there is a weekend, payment is done on the first business day after the weekend). Payments are made using the agreed payments terms and within 7 days after due date.

Dispute resolution process

Each of our supplier have possibility to ask questions via general email address GB.Payables@flintgrp.com or via phone +44 190 287 52 89. 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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

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