| 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 May 2021 - 31 Oct 2021 | 26 Nov 2021 | 33 | 37% | 56% | 7% | 1% |
| 01 Nov 2020 - 30 Apr 2021 | 11 May 2021 | 33 | 41% | 53% | 6% | 1% |
| 01 May 2020 - 31 Oct 2020 | 20 Nov 2020 | 33 | 37% | 55% | 8% | 1% |
| 01 Nov 2019 - 30 Apr 2020 | 26 Aug 2020 | 31 | 39% | 54% | 7% | 1% |
| 01 May 2019 - 31 Oct 2019 | 22 Nov 2019 | 32 | 34% | 60% | 6% | 1% |
| 01 Nov 2018 - 30 Apr 2019 | 15 Oct 2019 | 34 | 31% | 62% | 7% | 1% |
| 01 May 2018 - 31 Oct 2018 | 15 Oct 2019 | 35 | 30% | 63% | 7% | 1% |
| 01 Nov 2017 - 30 Apr 2018 | 15 Oct 2019 | 34 | 33% | 60% | 7% | 1% |
| 01 May 2017 - 31 Oct 2017 | 15 Oct 2019 | 35 | 31% | 60% | 9% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
15 days end of month 45 days end of month 60 days end of month 7 days from invoice 8 days from invoice 10 days from invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
Disputes with suppliers would relate to an invoice or credit note preventing payment being made. The Purchase Ledger Controller will contact the supplier, notifying the issue and resolve the dispute. This would result in a credit note or revised invoice which will allow payment to be made either within the terms or the next BACS run following resolution.
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
I.G. Industries Public Limited Company is registered at Elsham Wold, North Lincolnshire, and its website now trades under the ProAmpac Flexible Packaging brand. The business manufactures blown polyethylene films, including coextruded barrier and non-barrier structures, shrink films, industrial and embossed films, and sealant films for lamination. These films are supplied to converters and end users across sectors such as food, industrial and agricultural packaging, with some ranges offering recycled content to meet UK Plastics Packaging Tax requirements. The company forms part of the wider ProAmpac group, an international flexible packaging manufacturer, with this entity representing its UK manufacturing operation producing film used as an input for further packaging conversion.
Generated from the company's website and Companies House records. Sources: igindustries.co.uk