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
Any other information about payment terms
N/A
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 is a leading printing company that specializes in sustainable printing solutions. They have a strong commitment to sustainability and offer a range of eco-friendly products and services.
Their sustainability program focuses on reducing their environmental impact by using renewable energy sources, minimizing waste, and promoting sustainable practices throughout their supply chain. They also have a dedicated team that constantly works towards improving their sustainability efforts.
The company offers a wide range of printing services including litho printing, digital printing, and large format printing. They also have a variety of sustainable products such as recycled paper, vegetable-based inks, and biodegradable packaging options.
The key people at PUREPRINT GROUP LIMITED include Chairman Richard Owers, Managing Director Mark Handford, and Sales Director Richard Murphy. They have a team of experienced professionals who are committed to delivering high-quality and sustainable printing solutions to their clients.
To contact PUREPRINT GROUP LIMITED, you can visit their website at www.pureprint.com or their registered office address at 19-23 High Street, Uckfield, East Sussex, TN22 1AG. They also have several branch offices located across the UK and Europe.