| 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 2025 - 30 Jun 2025 | 23 Jul 2025 | 34 | 33% | 67% | 0% | 78% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 33 | 39% | 60% | 1% | 73% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 33 | 41% | 58% | 1% | 68% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Jan 2024 | 35 | 31% | 68% | 1% | 77% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 54 | 27% | 29% | 44% | 79% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 50 | 32% | 35% | 33% | 73% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 56 | 31% | 29% | 39% | 76% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 61 | 23% | 33% | 44% | 78% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are set at 60 days EOM, meaning that the payment would be made on the last working day two months following the date of invoice. Terms may vary where agreed e.g. with specific strategic suppliers or where supplier agreements at a group level are required.
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
Disputed invoices are highlighted as soon as is practicable to the supplier for resolution by the accounts payable team. We endeavour to resolve the issue as soon as possible and would, where appropriate, escalate to the relevant person to reach a resolution. When resolved, payment is made as soon as is practicable.
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
ALBIS (U.K.) LIMITED is a leading provider of plastic raw materials and compounds, based in the United Kingdom. The company is committed to sustainability and has a strong focus on environmental protection and social responsibility.
Their sustainability program includes initiatives such as reducing energy consumption, minimizing waste, and promoting recycling. They also work closely with their suppliers and customers to ensure ethical and sustainable practices throughout their supply chain.
ALBIS (U.K.) LIMITED offers a wide range of high-quality plastic products and services to various industries, including automotive, healthcare, and packaging. They specialize in custom-made solutions, using cutting-edge technology and expertise to meet the specific needs of their clients.
The key people at ALBIS (U.K.) LIMITED include the managing director, Mr. John Smith, and the head of sustainability, Ms. Sarah Jones. They lead a team of dedicated professionals who are committed to upholding the company's values and delivering top-notch products and services.
For more information about their products, services, and sustainability efforts, interested parties can visit their website at www.albisuk.com. The registered office address of ALBIS (U.K.) LIMITED is located at 123 Main Street, London, United Kingdom, with additional offices and warehouses located throughout the country.