PROAMPAC ELSHAM PUBLIC LIMITED COMPANY
Company number: 02228238
Reporting period:
1 May 2021 to 31 October 2021
Report filed on:
26 November 2021
Approved by:
Ahmad Lari
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 56%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
15 days end of month
45 days end of month
60 days end of month
7 days from invoice
8 days from invoice
10 days from 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
60 days
60 days end of month
Any other information about payment terms
n/a
Dispute resolution process
Disputes with suppliers would relate to an invoice or a credit note preventing payment being made. The purchase ledger controller will contact the supplier, notifying of the issues and resolve the dispute. This would result in a credit note or revised invoice which will allow the payment to be made either within the terms or in the next bacs run following 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 Fair 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