FLINT CPS INKS UK LTD
Company number: 03256359
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
29 July 2024
Approved by:
Jeremy Berenzweig, Stefan Van Keilegom
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 46%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
121 days
Standard payment terms
Payments are made each 2nd business day and 8th, 16th and 24nd calendar day (if there is a weekend, payment is done on the first business day after the weekend).
Payments are made using the agreed payments terms and within 7 days after due date.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
121 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Each of our supplier have possibility to ask questions via general email address GB.Payables@flintgrp.com or via phone +44 190 287 52 89. Each question is responded in max 3 working days. Email and phone is managed by experienced payable team of accountants.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: https://www.flintgrp.com/media/3252/code-of-conduct-english.pdf
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