| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 23 Jul 2025 | 34 | 39% | 60% | 1% | 65% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Jan 2025 | 34 | 49% | 50% | 1% | 59% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Jul 2024 | 34 | 51% | 48% | 1% | 60% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Apr 2024 | 33 | 51% | 47% | 2% | 53% |
| 01 Jun 2023 - 30 Jun 2023 | 13 Jul 2023 | 35 | 43% | 55% | 1% | 75% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 32 | 52% | 47% | 1% | 55% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 33 | 48% | 51% | 1% | 51% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 33 | 42% | 56% | 2% | 55% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 31 | 50% | 49% | 2% | 55% |
| 01 Jul 2018 - 31 Dec 2018 | 13 Feb 2019 | 40 | 44% | 56% | 0% | 97% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 38 | 48% | 52% | 0% | 96% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless agreed otherwise with the supplier, standard payment terms are 30 days following the month of the invoice date. The exception to this are for specific billing in relation to supplies of certain materials and services, which are on terms of 0 to 7 days. Such items account for approximately 5% of supplier invoices.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
It is normal practice for the Company to make payments to suppliers once per week for invoices that are due up to and including the payment date. Consequently, invoices falling due between payment dates will by definition be overdue when paid. Suppliers are aware of this practice, though it is not written into formal agreements. After adjusting for the effect of weekly payments 8% of payments would be classed as not within the agreed terms.
Maximum contractual payment period agreed
61
Disputed invoices will be notified to the supplier by the individual initiating the purchase, who will then work in conjunction with the procurement team to resolve the dispute.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Holmen Iggesund Paperboard Limited is a leading producer of sustainable paperboard products. The company operates as a subsidiary of the Swedish company Holmen Group and is based in Workington, Cumbria, United Kingdom.
The company's main activity is the production of high-quality paperboard at its state-of-the-art mill in Workington. The mill has a production capacity of 400,000 tonnes per year and employs over 500 people.
Holmen Iggesund Paperboard Limited is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact. These include using renewable energy sources, reducing water and energy consumption, and promoting responsible forest management.
The company's sustainability program also extends to its products, which are made from 100% fresh fibre from sustainably managed forests. This ensures that the products are environmentally friendly and have a minimal carbon footprint.
The key people at Holmen Iggesund Paperboard Limited include the Managing Director, who oversees the overall operations of the company, and the Production Director, who is responsible for the mill's production processes.
The company's website address is www.iggesund.com and its registered office address is at The Saw Mill, Siddick, Workington, Cumbria, CA14 1JW, United Kingdom. Customers and stakeholders can contact the company through its website or by phone at +44 (0) 1900 603 000.