EURO PACKAGING UK LIMITED
Company number: 07012425
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 31 July 2018
and approved by David Smith
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 58%
- in 31 to 60 days: 29%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 35 %
Payment terms
Standard payment period for qualifying contracts
45 days
Standard payment terms
30 days EOM
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
105 days
Any other information about payment terms
N/A
Dispute resolution process
All shortages/delivery discrepancies are notified to suppliers within 48 hours of goods receipt.
All invoice queries are logged on our internal invoice query system for resolution, these are reviewed on a daily basis.
Suppliers are notified as soon as possible if an invoice has been placed in query.
We have a generic e-mail address for any invoices/statements and payment enquiries, that is monitored by our purchase ledger department, which we encourage all of our suppliers to use: suppinvoice@europackaging.co.uk
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
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