The average time taken for UFP (UK) LIMITED to pay invoices has remained relatively consistent over the past three periods, ranging from 33 to 43 days. However, there has been a slight decrease in the average time taken in the most recent period compared to the previous two periods.
The data for UFP (UK) LIMITED shows some volatility in their payment terms. There have been fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days, while the percentage of invoices paid later than 60 days has remained relatively consistent.
| 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 2021 - 30 Jun 2021 | 14 Jul 2021 | 34 | 46% | 52% | 3% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 14 Jul 2021 | 33 | 49% | 48% | 3% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 37 | 36% | 60% | 4% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jul 2020 | 39 | 30% | 65% | 5% | 23% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Sept 2019 | 43 | 33% | 58% | 9% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Apr 2019 | 37 | 36% | 58% | 6% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 04 Sept 2018 | 37 | 34% | 61% | 5% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of the month following the month of delivery/invoice
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
45
Suppliers notified of delivery discrepancies by email within 1 working day of receipt of delivery. Suppliers notified of invoice discrepancies by email as soon as they are identified. The undisputed value of a suppliers invoice are be paid according to the normal terms agreed with the supplier. Any remaining balance paid when a dispute is resolved.
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
UFP (UK) LIMITED is a leading provider of sustainable packaging solutions in the United Kingdom. The company is dedicated to promoting environmental sustainability through its products and services. UFP (UK) LIMITED offers a wide range of sustainable packaging options, including recycled and biodegradable materials, to help reduce the impact on the environment.
In addition to its commitment to sustainability, UFP (UK) LIMITED also offers a range of services to help businesses reduce their carbon footprint. These services include waste management, recycling, and energy efficiency consultations.
The key people at UFP (UK) LIMITED are its dedicated team of professionals, who work tirelessly to provide high-quality, sustainable packaging solutions to their clients. The company's website, www.ufpuk.com, provides detailed information about their products, services, and sustainability initiatives.
UFP (UK) LIMITED is registered at their office address: Unit 5, The Courtyard, 30 Worthing Road, Horsham, West Sussex, RH12 1SL. Customers can contact the company through their website or by calling +44 (0)1403 275253 for any inquiries or to place an order.
Overall, UFP (UK) LIMITED is committed to promoting sustainability and providing eco-friendly packaging solutions to businesses in the United Kingdom. With their range of products and services, the company is dedicated to helping customers reduce their environmental impact and contribute towards a greener future.