PRINOVA EUROPE LIMITED
Company number: 04548728
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
16 July 2025
Approved by:
Barry Kelly
Payment statistics
Average time taken to pay invoices: 15 days
Total value paid:
- within 30 days: £91,202,282 (71%)
- in 31 to 60 days: £32,168,267 (25%)
- in 61 days or more: £5,182,221 (4%)
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 25%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,284,229
- payments due in the reporting period which have not been paid within the agreed period: 79%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
Standard terms are 30 days from invoice date but the terms do range from 0 to 120 days
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
120 days
120 days are rare and are based on special negotiations with specific suppliers
Any other information about payment terms
No further comment provided
Dispute resolution process
We put forward our position, review their position, involve the product manager as necessary to confirm what was agreed, obtain documentary evidence and sometimes meet in the middle if the case is still not clear cut
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.
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.
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