The average time taken for AMCOR FLEXIBLES WINTERBOURNE LIMITED to pay invoices to suppliers has remained relatively consistent over the past three periods, with a slight decrease from 2017-2020, followed by a slight increase in 2021-2022.
The company's payment performance has shown some volatility in the past three periods, with changes in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. However, the volatility is not significant, and the overall pattern has remained consistent.
From 2017-2020, there was a steady decrease in the percentage of invoices paid later than 60 days, from 36% to 34%, indicating an improvement in the company's payment performance. However, in the most recent period (2021-2022), there was a slight increase in this percentage to 35%, suggesting a potential decline in payment performance.
| 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 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 55 | 26% | 36% | 38% | 62% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 54 | 33% | 32% | 35% | 70% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 55 | 27% | 39% | 34% | 63% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 57 | 27% | 34% | 39% | 73% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 55 | 28% | 33% | 38% | 72% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 53 | 34% | 30% | 37% | 72% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 53 | 30% | 33% | 37% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 54 | 32% | 30% | 38% | 74% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 54 | 30% | 32% | 38% | 71% |
| 01 Jul 2017 - 31 Dec 2017 | 23 Feb 2018 | 52 | 28% | 36% | 36% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90 EOM + 5
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
150 EOM + 5
Maximum contractual payment period agreed
170
Disputes with suppliers would relate to an invoice/credit note, preventing payment being made. The supplier would be contacted via email / telephone, notifying of any issues, which would typically result in a credit note or revised invoice. Payment would then be made either within terms or in 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.
❌
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
Amcor Flexibles Winterbourne Limited is a UK registered company based in Bristol, incorporated in 1989. Its registered activity is the manufacture of plastic packing goods, and it forms part of the wider Amcor group, a global packaging business operating in over 40 countries. Amcor develops flexible and rigid packaging and specialty cartons for sectors including food, beverage, healthcare, beauty and personal care. This entity represents Amcor's UK manufacturing presence within that group, producing plastic packaging products rather than performing group-wide corporate or investor functions, which sit with the parent company.
Generated from the company's website and Companies House records. Sources: amcor.com · amcor.com