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CROWN PACKAGING MANUFACTURING UK LIMITED

Company number: 10352429

Reporting period:
1 January 2023 to 30 June 2023


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

This report was filed on 31 July 2023

and approved by Paul Browett

Payment statistics

Average time taken to pay invoices: 69 days

Invoices paid:

Invoices due but not paid within agreed terms: 59 %

Payment terms

Shortest standard payment period

60 days

Longest standard payment period

120 days

Standard payment terms

The standard payment terms are between 60 days and 120 days depending on the market segment.

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

No

Maximum contractual payment period agreed

165 days

Any other information about payment terms

The majority of payments are made via a weekly BACS. Where agreements have been made with suppliers to pay on a specific day, this is honoured. The longest payment terms are negotiated through Supply Chain Finance.

Dispute resolution process

Disputes relating to payment of invoices will be resolved through communication between the Shared Service Centre, the local Sourcing team or factory and the supplier. Once disputes have been resolved, every effort is made to pay the invoice at the earliest opportunity if the payment due date has been passed.

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.

Yes

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