The average time taken for CPL AROMAS LIMITED to pay invoices to suppliers has increased from 46 days in Apr 2018 to 51 days in Sep 2018. This shows a trend of delayed payments over the past three periods.
The volatility in the percentage of invoices paid within 30 days has been relatively stable at around 25% over the past three periods. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 10% in Apr 2018 to 11% in Sep 2018. This indicates a slight increase in the volatility of late payments over the past three periods.
| 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 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 46 | 25% | 65% | 10% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
CPL Aromas is committed to paying its invoices as they become due within agreed 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
120
In the highly unusual circumstances of dispute, suppliers are encouraged to contact CPL's dedicated accounts payable team who will aim to resolve the dispute in a timely and professional 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.
❌
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.
❌
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.
❌
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
CPL Aromas Limited is a global fragrance company that specializes in creating and supplying fragrances for a wide range of industries, including personal care, household products, and fine fragrances. They also offer a sustainability program, which is at the core of their operations.
Their sustainability program focuses on three main areas: responsible sourcing, reducing their environmental impact, and supporting local communities. They work closely with their suppliers to ensure that all ingredients used in their fragrances are ethically sourced and that their production processes are environmentally friendly.
CPL Aromas Limited offers a wide range of products and services, including bespoke fragrance development, market trend analysis, and technical support. They also have a range of sustainable fragrance options, such as natural and organic ingredients, as well as eco-friendly packaging solutions.
The company is led by a team of experienced and dedicated individuals, including the CEO, Chris Pickthall, and the Global Sustainability Manager, Elodie Joly. They have a global presence with offices and production facilities in Europe, Asia, and the Americas.
To learn more about CPL Aromas Limited and their sustainability efforts, you can visit their website at www.cplaromas.com. Their registered office address is CPL Aromas Limited, Unit 5, Caxton Point, Caxton Way, Stevenage, Hertfordshire, SG1 2XU, United Kingdom.