| 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 |
|---|---|---|---|---|---|---|
| 31 Dec 2018 - 30 Jun 2019 | 15 Oct 2019 | 38 | 58% | 31% | 11% | 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 month following invoice date unless supplier specifically asks 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?
❌
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 a leading global manufacturer of commercial and residential flooring solutions based in the United Kingdom. The company was founded in 1973 and has since become a pioneer in the flooring industry, with a strong focus on sustainability.
The company's sustainability program, Mission Zero, aims to eliminate any negative impact on the environment by 2020. This includes reducing carbon emissions, waste, and water usage, as well as using recycled materials in their products.
INTERFACE EUROPE LTD. offers a wide range of products and services, including carpet tiles, luxury vinyl tiles, and modular resilient flooring. These products are designed to be durable, functional, and aesthetically pleasing, while also being environmentally responsible.
The key people behind INTERFACE EUROPE LTD. include the CEO, Jay Gould, who has a background in engineering and a passion for sustainability, and the Chief Sustainability Officer, Erin Meezan, who has been with the company for over 25 years and is a recognized leader in sustainable business practices.
To learn more about INTERFACE EUROPE LTD. and their products and services, interested individuals can visit their website at https://www.interface.com/EU/en-GB/home or contact them at their registered office address: Interface Europe Ltd, Bentley Park, Hayes Road, Southall, Middlesex, UB2 5NH, United Kingdom.