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UK GREETINGS LIMITED

Company number: 03480710

Reporting period:
1 September 2020 to 28 February 2021


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

This report was filed on 9 April 2021

and approved by Adrian Smith

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

  • within 30 days: 36%
  • in 31 to 60 days: 51%
  • in 61 days or more: 13%

Invoices due but not paid within agreed terms: 20%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

Default payment terms are 60 days end of month however payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoices paid in the period are 30 days of invoice date as these are generally smaller companies or self employed.

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

All invoices, payment queries and disputes should be directed to the accounts payable email address accounts.payable@ukgreetings.co.uk. Accounts Payable will then work with the relevant internal department to resolve the issue in a timely manner. All payment terms are dealt with by our Procurement Department. Invoices, credit notes and statements should ideally be emailed to accounts.payable@ukgreetings.co.uk to reduce delays or alternatively sent by post to Accounts Payable, UK Greetings Ltd, Mill Street East, Dewsbury WF13 9AW. Telephone queries are taken Monday to Friday 8am to 4pm. If you need to speak to Accounts Payable please call 01924 465200 and ask for Accounts Payable

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.

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