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FLINT CPS INKS UK LTD

Company number: 03256359

Reporting period:
1 July 2021 to 31 December 2021

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

This report was filed on 31 January 2022

and approved by Jeremy Berenzweig

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

• within 30 days: 29%
• in 31 to 60 days: 46%
• in 61 days or more: 25%

Invoices due but not paid within agreed terms: 15 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

121 days

Standard payment terms

Standard payment terms are end of month after invoice date plus 38 days.
Payments are made each 2nd business day and 8th, 16th and 24nd calendar day (if there is a weekend,
payment is done on the first business day after the weekend).

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

121 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 GB.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 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