Industry ranking
| 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 Jul 2025 - 31 Dec 2025 | 20 Jan 2026 | 76 | 23% | 13% | 64% | 11% |
| 01 Jan 2025 - 30 Jun 2025 | 21 Jul 2025 | 73 | 24% | 11% | 65% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 74 | 23% | 13% | 64% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Jul 2024 | 54 | 27% | 21% | 52% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 53 | 22% | 33% | 45% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 52 | 29% | 24% | 47% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 55 | 26% | 25% | 49% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 49 | 36% | 28% | 36% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 45 | 37% | 32% | 31% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 54 | 10% | 40% | 50% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Corning Limited's standard payment terms are 30 days for smaller suppliers and 60 days for larger suppliers from receipt of a valid invoice. Some suppliers have mutually agreed shorter payment terms. Corning intercompany suppliers are normally settled using a process available to authorised Corning participants on a predetermined date once per month. Standard payments terms between Corning companies of 90 days are extended to include any additional days until the regular monthly settlement process is completed.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
The first point of contact is the Accounts Payable team at Corning's EMEA Shared Services Centre. If a prompt resolution is not achieved, the dispute would be escalated to UK senior management.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Corning Limited is a UK registered company, incorporated in 1921 and based in Flintshire. It is registered as engaging in professional, scientific and technical activities, and forms part of the wider Corning group. The parent group, US-based Corning Incorporated, describes itself as a materials science innovator with over 160 years of expertise in specialty glass, ceramics and optical physics, producing products such as optical fibre and cable, Gorilla Glass for consumer electronics, display glass, environmental technologies, life sciences tools and pharmaceutical packaging glass. Corning Limited itself functions within this international group structure rather than as an independent trading business, with its registered UK role reflecting the group's broader materials science and manufacturing operations.
Generated from the company's website and Companies House records. Sources: corning.com