ALLIED GLASS CONTAINERS LIMITED
Company number: 03846688
Reporting period:
10 December 2017 to 9 June 2018
Report filed on:
9 July 2018
Approved by:
Neil Maskrey
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 43%
- in 61 days or more: 26%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
120 days
Standard payment terms
End of the month from date of invoice plus 30 days.
Were there any changes to the standard payment terms in the reporting period?
The company has revised its number of payment runs effective from the 1st April 2018 from 3 in a month (10th 18th & 31st) down to two in a month on the 15th and 31st.
Were suppliers notified or consulted about these changes before they were made?
All suppliers affected by the change were sent advance confirmation in writing on the 31st January 2018 and no objections were received.
Maximum contractual payment period agreed
120 days
Below is a list of all our current payment terms; 1 day from date of invoice. 7 days from date of invoice. 10 days from date of invoice. 14 days from date of invoice. 15 days from date of invoice. 25 days from date of invoice. 28 days from date of invoice. 30 days from date of invoice. 40 days from date of invoice. 45 days from date of invoice. 50 days from date of invoice. 60 days from date of invoice. 120 days from date of invoice. End of the Month from date of invoice plus 18 days. End of the Month from date of invoice plus 28 days. End of the Month from date of invoice plus 30 days. End of the Month from date of invoice plus 35 days. End of the Month from date of invoice plus 45 days. End of the Month from date of invoice plus 75 days.
Any other information about payment terms
No further comment provided
Dispute resolution process
All disputes are promptly dealt with by the Purchase ledger team and resolved by telephone call or e-mail.
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