| 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 |
|---|---|---|---|---|---|---|
| 30 Jun 2019 - 29 Dec 2019 | 24 Jan 2020 | 49 | 31% | 45% | 24% | 5% |
| 31 Dec 2018 - 30 Jun 2019 | 15 Oct 2019 | 38 | 58% | 31% | 11% | 3% |
| 01 Jul 2018 - 30 Dec 2018 | 30 Jan 2019 | 37 | 70% | 20% | 10% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 32 | 73% | 17% | 10% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of the month following invoice date unless supplier specifically requests otherwise. Some suppliers have immediate payment terms.
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
61
Issues in relation to invoices and payments are investigated by the Accounts Payable Team (iffpurchaseinvoices@interface.com). We endeavour to resolve disputes in a fair and timely manner.
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
Interface Europe Ltd is the UK entity within the Interface group, which manufactures commercial carpet tile and resilient flooring, including luxury vinyl tile and nora rubber flooring. The group's own site describes its focus as commercial carpet tile and hard surface flooring, covering products such as carpet tile, area rugs, LVT and nora rubber ranges for workplace, education, healthcare and hospitality settings. Companies House records list its nature of business as manufacture of woven or tufted carpets and rugs. The group also runs recycling and reuse schemes for used carpet tiles and offers design services through an in-house studio. The company is registered in Birmingham and remains active.
Generated from the company's website and Companies House records. Sources: interface.com