Industry ranking
The average time taken for AMCOR PACKAGING UK LIMITED to pay invoices to suppliers has fluctuated over the past three years. From 2017 to 2018, there was an increase in the average time to pay, followed by a decrease from 2018 to 2019. From 2019 to 2020, there was a slight increase, followed by a decrease again in 2021. However, the overall trend shows a slight increase in the average time taken to pay invoices.
The volatility in AMCOR PACKAGING UK LIMITED's payment patterns can be seen in the varying percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The highest volatility can be seen in the percentage of invoices paid later than 60 days, which ranged from 31% to 44% over the past three years.
From 2017 to 2022, the average time taken for AMCOR PACKAGING UK LIMITED to pay invoices to suppliers ranged from 45 to 63 days. The percentage of invoices paid within 30 days ranged from 30% to 41%, while the percentage of invoices paid between 31 and 60 days ranged from 23% to 30%. The percentage of invoices paid later than 60 days ranged from 31% to 44%, with the highest being 44% in 2021. The company's shortest standard payment period has remained consistent at 75 days.
| 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 | 45 | 40% | 29% | 31% | 43% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 50 | 41% | 27% | 32% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 63 | 35% | 24% | 40% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 56 | 38% | 23% | 38% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 61 | 32% | 25% | 44% | 44% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 56 | 34% | 27% | 38% | 46% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 60 | 31% | 26% | 44% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 56 | 30% | 29% | 42% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 58 | 31% | 30% | 39% | 66% |
| 01 Jul 2017 - 31 Dec 2017 | 23 Feb 2018 | 52 | 39% | 26% | 35% | 61% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 EOM
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
180 EOM + 5
Maximum contractual payment period agreed
196
Typically any disputes with suppliers would relate to an invoice/credit note, preventing payment being made. The supplier would be contacted via email / telephone, notifying of any issues, which would typically result in a credit note or revised invoice. Payment would then be made either within terms or in the next BACS run, following resolution.
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
Amcor Packaging UK Limited is a UK-registered company forming part of the Amcor group, a global packaging business. Its registered activities cover the manufacture of paper and paperboard containers alongside head office functions, reflecting its role within the wider Amcor corporate structure. The Amcor group develops and produces packaging for consumer and healthcare products across flexible packaging, rigid packaging and specialty cartons, serving sectors such as food, beverages, healthcare, beauty and personal care, and home care, with operations spanning more than 40 countries. This UK entity represents Amcor's presence and packaging manufacturing operations within the United Kingdom, based in Bristol, contributing to the group's broader packaging supply for consumer and industrial customers.
Generated from the company's website and Companies House records. Sources: amcor.com · amcor.com