TRIVIUM PACKAGING UK LIMITED
Company number: 02553094
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 17 July 2023
and approved by Eugene Saayman
Payment statistics
Average time taken to pay invoices: 84 days
Invoices paid:
- within 30 days: 8%
- in 31 to 60 days: 17%
- in 61 days or more: 75%
Invoices due but not paid within agreed terms: 24 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
120 days
Standard payment terms
Standard payment terms are 90 days. Terms can however vary between suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
For all disputes, the initial point of contact will be a member of the accounts payable team who can be contacted by e-mail or telephone. As part of the resolution process, accounts payable will attempt to resolve the query themselves, if unable to do so, they will liaise with the individual who raised the order.
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.
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