AMCOR PACKAGING UK LIMITED

Company number: 00409295

Reporting period:
1 July 2018 to 31 December 2018

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

This report was filed on 4 February 2019

and approved by Matthew Burrows

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

within 30 days: 30%
in 31 to 60 days: 29%
in 61 days or more: 42%

Invoices due but not paid within agreed terms: 49%

Payment terms

Shortest standard payment periods

75 days

Longest standard payment period

Answer not provided

Standard payment terms

60 Days End of Month

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

196 days

No further comment provided

Any other information about payment terms

180 Days End of month Plus 1 Day

Dispute resolution process

Typically any disputes with suppliers would relate to an invoice/credit note, preventing payment being made. The supplier would be contacted via email / telephone, notifying of any issues, which would typically result in a credit note or revised invoice. Payment would then be made either within terms or in the next BACS run, following resolution.

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.

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?