| 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 2023 - 30 Jun 2023 | 20 Jul 2023 | 38 | 29% | 67% | 4% | 78% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 49 | 28% | 41% | 31% | 74% |
| 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 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 55 | 32% | 28% | 40% | 73% |
| 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 the UK subsidiary of the ALBIS group, an international distributor of engineering thermoplastics and elastomers. The wider group, founded in Germany in 1961, represents leading global manufacturers and supplies a broad portfolio of standard polymers, engineering plastics and speciality materials to industrial customers, offering technical advice alongside its products. The group operates around 26 locations across Europe, North Africa and Asia with roughly 500 employees and reported turnover of about 900 million euros. The UK entity forms part of this international distribution network, providing polymer products and related technical support to customers within the UK market, rather than manufacturing plastics itself.
Generated from the company's website and Companies House records. Sources: albis.com · albis.com