Industry ranking
| 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 Mar 2021 - 31 Aug 2021 | 27 Sept 2021 | 54 | 12% | 48% | 40% | 60% |
| 01 Sept 2020 - 28 Feb 2021 | 29 Mar 2021 | 54 | 13% | 45% | 42% | 62% |
| 01 Mar 2020 - 31 Aug 2020 | 16 Sept 2020 | 54 | 13% | 47% | 40% | 58% |
| 01 Sept 2019 - 29 Feb 2020 | 25 Mar 2020 | 54 | 14% | 45% | 41% | 67% |
| 01 Mar 2019 - 31 Aug 2019 | 25 Sept 2019 | 51 | 14% | 49% | 37% | 61% |
| 01 Sept 2018 - 28 Feb 2019 | 26 Mar 2019 | 55 | 11% | 47% | 42% | 66% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
37 days from end of invoicing month
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
70
Each complaint is considered on its own merit with deliberation between the finance team, the supplier and the relevent ordering department.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Ultimate Packaging Limited is a UK registered company based in Grimsby, incorporated in 1982. Its registered business activity is the manufacture of plastic packing goods, and it is classified within the packaging and printing industry. Evidence gathered from the ProAmpac group's own website indicates the company operates as part of ProAmpac, a global flexible packaging group that designs and produces flexible packaging products, including films, pouches, bags and rollstock, for markets such as food and beverage, healthcare, agriculture and retail. The UK entity's own role is best understood as a manufacturing operation within this wider group structure, rather than as an independent standalone packaging producer, given the shared branding and corporate ownership described in the evidence.
Generated from the company's website and Companies House records. Sources: proampac.com · proampac.com