There has been a steady decrease in the average time taken for PUREPRINT GROUP LIMITED to pay invoices, with a 3% decrease from Jun 2018 to Dec 2019.
The percentage of invoices paid within 30 days has increased by 4% from Jun 2018 to Dec 2019, indicating a more consistent and timely payment process. The percentage of invoices paid between 31 and 60 days has also decreased by 1% during this period. However, there has been a 3% increase in the percentage of invoices paid later than 60 days, suggesting some volatility in the company's payment practices.
| 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 2019 - 31 Dec 2019 | 05 Mar 2020 | 75 | 12% | 21% | 67% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 77 | 11% | 19% | 70% | 6% |
| 01 Jun 2018 - 31 Dec 2018 | 19 Jul 2019 | 78 | 8% | 22% | 70% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days for materials and consumables 60 days for outwork services 90 days for paper merchants
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
90
Disputes handled by Accounts department, aim to resolve within 5 workings days
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
Pureprint Group Limited, trading as Pureprint, is a print and marketing services company based in East Sussex, with roots dating to 1926. It produces book, brochure, magazine and financial print, luxury packaging, direct mail and large format print such as point of sale, signage and FSDUs. It also offers marketing technology services including web to print, retail loyalty apps and digital postroom, alongside creative and photographic services and managed services for corporate clients. Its client work spans fashion, retail, luxury, publishing, arts institutions and corporate sectors, producing items such as brochures, annual reports, packaging and direct mail campaigns for organisations including retailers, galleries and financial firms.
Generated from the company's website and Companies House records. Sources: pureprint.com