GRAPHIC PACKAGING INTERNATIONAL GATESHEAD LIMITED
Company Information
- Company Number
- 01298663
- Registered Address
- C/O Corporation Service Company (Uk) Limited 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU
- Status
- Active
- Employee Count
- 344
- Turnover
- £68,670,000
- EBITDA
- £6,793,000
Additional Details
- Website
- https://graphicpkg.com
- Company Type
- Private limited Company
- Incorporated On
- 15 February 1977
- Nature of Business
- 17219 - Manufacture of other paper and paperboard containers
- Industries
- Manufacturing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for GRAPHIC PACKAGING INTERNATIONAL GATESHEAD LIMITED's average time to pay invoices has been decreasing over the past three periods, with a decrease of 6% between 2018-2019 and a further decrease of 2% between 2019-2020. However, there was a slight increase of 1% between 2020 and 2021.
Volatility Analysis
There has been a moderate level of volatility in the percentage of invoices paid within 30 days, with the highest volatility being seen between 2018-2019 and the lowest between 2020-2021. The percentage of invoices paid between 31 and 60 days has also shown moderate volatility, with the highest volatility seen between 2018-2019 and the lowest between 2020-2021. The percentage of invoices paid later than 60 days has shown low volatility, with the highest volatility seen between 2018-2019 and the lowest between 2020-2021.
Summary Analysis
The average time for GRAPHIC PACKAGING INTERNATIONAL GATESHEAD LIMITED to pay invoices has decreased by 6% over the past three periods, with a decrease of 2% between the most recent two periods. There has been moderate volatility in the percentage of invoices paid within 30 days and between 31 and 60 days, but low volatility in the percentage of invoices paid later than 60 days. The percentage of invoices paid within 30 days has consistently been the highest, with an increase of 24% between 2018-2021. The percentage of invoices paid later than 60 days has consistently been the lowest, with a decrease of 13% between 2018-2021. The shortest (or only) standard payment period has remained consistent at 1 day throughout all periods.
Performance Reports History
| 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 Jun 2021 - 30 Jun 2021 | 14 Jul 2021 | 45 | 59% | 22% | 19% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 44 | 52% | 27% | 21% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 17 Jan 2020 | 45 | 44% | 32% | 24% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 39 | 54% | 25% | 21% | 37% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 42 | 41% | 32% | 26% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 45 | 35% | 33% | 32% | 45% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
There are eight standard payment terms commonly used; 21 days invoice date of invoice less 3% discount; 35 days invoice date of invoice less 3% discount; 30 days end of month; 56 days date of invoice; 60 days end of month; 90 days end of month; 95 days end of month; 120 days end of month for Graphic Packaging International intercompany suppliers only.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
In the event of a dispute between Graphic Packaging International and the supplier a complaint can be raised directly with the accounts payable department. This department will send the complaint to the invoice approver within Graphic Packaging International for follow up with the supplier. The Graphic Packaging International invoice approver and supplier must reach an agreement within a reasonable period of time on how to resolve the query. This definition of a reasonable period of time will be defined by all the parties involved.
Other Payment Information
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
Company Summary
Graphic Packaging International Gateshead Limited is a packaging company based in Gateshead, United Kingdom. They specialize in providing sustainable packaging solutions to customers in various industries.
Their sustainability program focuses on reducing their environmental impact by using renewable materials, optimizing their energy usage, and implementing recycling initiatives. They also prioritize social responsibility by promoting diversity and inclusion within their workforce.
The company offers a wide range of products and services including folding cartons, corrugated packaging, label printing, and packaging design services. Their packaging solutions are designed to meet the specific needs of each customer, while also minimizing their carbon footprint.
Key people at Graphic Packaging International Gateshead Limited include David Ingham, the Managing Director, and John Bamber, the Operations Director. They are supported by a team of experienced professionals who are committed to delivering high-quality products and services.
For more information about Graphic Packaging International Gateshead Limited and their sustainability efforts, you can visit their website at www.graphicpkge.com. Their registered office address is at 2 North 6th Street, Gateshead, Tyne and Wear, NE11 0HF, United Kingdom.
