EUROCELL BUILDING PLASTICS LIMITED

Company number: 03071407

Reporting period:
1 July 2023 to 31 December 2023

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

This report was filed on 29 January 2024

and approved by Michael Scott

Payment statistics

Average time taken to pay invoices: 61 days

Invoices paid:

within 30 days: 10%
in 31 to 60 days: 29%
in 61 days or more: 60%

Invoices due but not paid within agreed terms: 5%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

93 days

Standard payment terms

Two calendar months after the end of the month of invoice or 75 days paid end of week

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

93 days

Two calendar months after the end of the month of invoice or 75 days end of week of invoice

Any other information about payment terms

Payment terms are either a weekly or monthly cycle

Dispute resolution process

Invoices are matched on receipt and disputed invoices notified to the supplier. All queries are managed in accordance with our internal processes by our accounts payable team.

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.

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.

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?