Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for EVIOSYS PACKAGING AEROSOLS UK LIMITED to pay invoices has increased over the past three periods, with a significant jump from 2019 to 2020. The percentage of invoices paid within 30 days has also decreased, while the percentage of invoices paid later than 60 days has increased.
There is a relatively consistent pattern in the data, with slight fluctuations in the average time taken to pay invoices and the percentages of invoices paid within different time frames. However, there is a significant increase in the percentage of invoices paid later than 60 days in the most recent period, compared to the previous two periods.
| 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 2022 - 30 Jun 2022 | 01 Aug 2022 | 87 | 3% | 27% | 69% | 76% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 70 | 9% | 45% | 45% | 60% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 67 | 9% | 46% | 45% | 58% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 60 | 14% | 53% | 33% | 54% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 66 | 12% | 49% | 40% | 59% |
| 01 Jul 2019 - 31 Dec 2019 | 07 Feb 2020 | 63 | 13% | 53% | 34% | 52% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 70 | 12% | 47% | 41% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 61 | 14% | 51% | 35% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 67 | 11% | 48% | 41% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms are between 60 days and 120 days depending on the market segment.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The majority of payments are made via a weekly BACS. Where agreements have been made with suppliers to pay on a specific day, this is honoured. The longest payment terms are negotiated through Supply Chain Finance.
Maximum contractual payment period agreed
165
Disputes relating to payment of invoices will be resolved through communication between the Shared Service Centre, the local Sourcing team or factory and the supplier. Once disputes have been resolved, every effort is made to pay the invoice at the earliest opportunity if the payment due date has been passed.
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
Eviosys Packaging Aerosols UK Limited is registered in England and manufactures light metal packaging, according to its Companies House classification. Incorporated in 1935 and based in Wantage, Oxfordshire, its official nature of business is light metal packaging manufacture, sitting within the non-precious metals and packaging and printing industries. The website evidence supplied relates to the Crown Holdings global packaging group and describes aerosol, beverage, food and closure packaging products, but does not specifically distinguish this UK entity's own operations. Given the SIC code and company name, it can be treated as a UK manufacturing operation producing metal aerosol packaging, likely forming part of a larger international packaging group rather than an independent standalone business.
Generated from the company's website and Companies House records. Sources: crowncork.com · crowncork.com