| 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 2019 - 31 Dec 2019 | 18 Feb 2020 | 22 | 81% | 16% | 3% | 46% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Dec 2019 | 27 | 71% | 23% | 6% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 23 | 80% | 16% | 4% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30days EOM
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
60
If an invoice does not match the purchase order, then the PO originator is contacted and requested to resolve the query. Either by correcting the PO or contacting the supplier directly.
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
Rigid Containers Limited is a UK manufacturer of corrugated paperboard packaging, registered in Desborough, Kettering, and incorporated in 1934. It forms part of the VPK Group, a European packaging manufacturer, and in October 2020 rebranded to trade as VPK Packaging UK & Ireland. The business has operated plants in Kettering, Selby and Wellington, producing goods ranging from traditional transit cases to high quality post print, retail ready packaging, alongside product development services. It also offered an ex-stock service with storage capacity for around 20,000 pallets. As the registered entity, it represents the UK manufacturing operations within the wider VPK Group structure.
Generated from the company's website and Companies House records. Sources: linkedin.com