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Company number: 02231043

Reporting period:
1 July 2022 to 31 December 2022

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

This report was filed on 19 January 2023

and approved by Jean Francois Roche

Payment statistics

Average time taken to pay invoices: 84 days

Invoices paid:

Invoices due but not paid within agreed terms: 81 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

120 days

Standard payment terms

There are 7 main payment term used. 7 days date of invoice, 14 days date of invoice, 30 days date of invoice, 30 days end of month, 60 days end of month, 90 days end of month & 120 days end of moth

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


Maximum contractual payment period agreed

120 days

Any other information about payment terms


Dispute resolution process

In the event of a dispute the supplier can raise a complaint directly with the accounts payable dept. They will send it to the invoice approver within Graphic Packaging for follow up with the supplier. The Graphic Packaging approver & supplier must reach an agreement within a reasonable period of time on how to resolve the query. This definition of a reasonable period of time will be defined by the parties involved.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?