GRAPHIC PACKAGING INTERNATIONAL EUROPE UK LIMITED

Company number: 00709093

Reporting period:
1 July 2023 to 31 December 2023

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

This report was filed on 5 January 2024

and approved by Jean-Francois Roche

Payment statistics

Average time taken to pay invoices: 66 days

Invoices paid:

within 30 days: 15%
in 31 to 60 days: 24%
in 61 days or more: 61%

Invoices due but not paid within agreed terms: 68%

Payment terms

Shortest standard payment periods

3 days

Longest standard payment period

128 days

Standard payment terms

M60 - End of Month plus 60 Days, I90 - 90 days from date of invoice, M45 - End of Month plus 45 days, I30 - 30 days from date of invoice, M31 - End of month Plus 31 days, I60 - 60 days from date of invoice

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

128 days

Any other information about payment terms

Dispute resolution process

In the event of a dispute between Graphic Packaging International and the supplier a complaint can be raised directly with the accounts payable department. This department will send the complaint to the invoice approver within Graphic Packaging International for follow up with the supplier. The Graphic Packaging International invoice approver and 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 all 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.

No, this business has not signed up to a code of conduct or standards on payment practices.

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?

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