The trend for MELITTA UK LTD. shows a gradual improvement in the average time taken to pay invoices, with a decrease of 3% from the start date to the end date. This improvement can also be seen in the percentage of invoices paid within 30 days, which increased by 1% over the same period. However, there was a slight increase in the percentage of invoices paid later than 60 days, from 56% to 56.4%. This trend continued until 2022, when there was a sudden drop in the percentage of invoices paid within 30 days, from 12% to 6%, and an increase in the percentage of invoices paid later than 60 days, from 55% to 55.7%. This trend continued until the end date of 2023, with a further decrease in the percentage of invoices paid within 30 days to 7% and an increase in the percentage of invoices paid later than 60 days to 92%.
The data for MELITTA UK LTD. shows some volatility in the percentage of invoices paid within 30 days, with fluctuations of 8% or less between periods. However, there is a significant increase in volatility in the percentage of invoices paid later than 60 days, with a difference of 38% between the lowest and highest values. This indicates that MELITTA UK LTD. may have difficulty consistently paying invoices within the agreed terms.
For MELITTA UK LTD., the average time taken to pay invoices has gradually improved over the past three periods, with a 3% decrease from the start date to the end date. This is reflected in the increase of 1% in the percentage of invoices paid within 30 days. However, there was a slight increase in the percentage of invoices paid later than 60 days, from 56% to 56.4%. This trend continued until 2022, when there was a sudden drop in the percentage of invoices paid within 30 days, from 12% to 6%, and an increase in the percentage of invoices paid later than 60 days, from 55% to 55.7%. This trend continued until the end date of 2023, with a further decrease in the percentage of invoices paid within 30 days to 7% and an increase in the percentage of invoices paid later than 60 days to 92%.
| 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 Jul 2024 - 31 Dec 2024 | 06 Jun 2025 | 52 | 13% | 36% | 51% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 57 | 5% | 41% | 54% | 12% |
| 07 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 55 | 7% | 40% | 53% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 56 | 1% | 7% | 92% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 57 | 6% | 39% | 55% | 45% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Aug 2022 | 57 | 11% | 33% | 55% | 93% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 58 | 10% | 34% | 56% | 95% |
| 01 Jan 2021 - 30 Jun 2021 | 04 Aug 2021 | 59 | 12% | 34% | 54% | 92% |
| 01 Jul 2020 - 31 Dec 2020 | 11 Feb 2021 | 59 | 8% | 41% | 51% | 93% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 53 | 12% | 34% | 54% | 93% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Jan 2020 | 62 | 11% | 33% | 56% | 91% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 57 | 14% | 32% | 54% | 92% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 55 | 19% | 31% | 50% | 84% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 62 | 11% | 33% | 56% | 85% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Although our minimum standard terms are 60 days, we do honour and accept shorter terms if the supplier requests.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Please note that we were temporarily unable to produce all the data due to a system constraint.
Maximum contractual payment period agreed
90
In the event of a dispute arising the complaints will be dealt with by the Purchasing Department & escalated to senior management as & when this is felt to be necessary.
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
Melitta UK Ltd is the registered UK entity trading as Cofresco Foodservice, a division of Melitta UK Ltd, having previously operated as Wrap Film Systems Ltd. It was acquired in October 2015 by Cofresco Frischhalteprodukte GmbH & Co. KG, part of the German Melitta Group. The business manufactures and supplies branded cling film, foil and baking parchment to the foodservice sector, trading under brands including Wrapmaster and caterwrap. It describes itself as a market leader in the UK foodservice packaging field with over 40 years' experience, and forms part of a wider European operation producing household and catering cling film, foil and baking paper products for the Melitta Group.
Generated from the company's website and Companies House records. Sources: cofrescofoodservice.com · cofrescofoodservice.com · cofrescofoodservice.com