COVERIS FLEXIBLES UK LIMITED
Company Information
- Company Number
- 02925612
- Registered Address
- Holland Place Wardentree Park, Pinchbeck, Spalding, Lincolnshire, PE11 3ZN
- Status
- Active
- Employee Count
- 1160.0
- Turnover
- 187775000.0
- EBITDA
- 27134000.0
Additional Details
- Website
- https://coveris.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 4 May 1994
- Nature of Business
- 18129 - Printing not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | 51 | 25% | 39% | 36% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 48 | 31% | 37% | 32% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 48 | 30% | 39% | 31% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 52 | 26% | 38% | 36% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 50 | 29% | 35% | 36% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 49 | 26% | 41% | 33% | 29% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 51 | 28% | 35% | 37% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 51 | 27% | 37% | 36% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 53 | 26% | 37% | 37% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 53 | 24% | 37% | 39% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 54 | 22% | 41% | 37% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 60 | 12% | 39% | 49% | 29% |
Company Summary
COVERIS FLEXIBLES UK LIMITED is a leading packaging company in the UK, providing innovative and sustainable packaging solutions for various industries
The company is committed to sustainability and has implemented a number of initiatives to reduce their environmental impact
The company offers a wide range of products and services, including flexible packaging, labels, and paper bags
These products are designed to meet the specific needs of their customers while also being environmentally friendly
Coveris Flexible UK Limited uses advanced technology and materials to create high-quality, sustainable packaging solutions
The company's sustainability program focuses on reducing waste, increasing recycling, and minimizing their carbon footprint
They have implemented sustainable manufacturing practices and use renewable energy sources in their production processes
Coveris Flexible UK Limited also works closely with their suppliers to ensure sustainable sourcing of materials
The key people in the company include the Managing Director, Sales Director, and Operations Director, who bring years of experience in the packaging industry
Their expertise and leadership have helped the company grow and expand its reach in the UK market
To learn more about the company and its products and services, interested parties can visit their website at www.coveris.com/uk or contact them at their registered office address: Coveris Flexible UK Limited, 1 Chartwell Drive, Wigston, Leicestershire, LE18 2FL
Company Review
Trend Analysis
The data shows a general trend of improvement in the time taken for COVERIS FLEXIBLES UK LIMITED to pay invoices to suppliers. From 2018 to 2023, the average time to pay has decreased from 60 days to 51 days. Additionally, the percentage of invoices paid within 30 days has increased from 12% to 31%, while the percentage of invoices paid later than 60 days has decreased from 49% to 32%.
Volatility Analysis
The data also shows some volatility in the payment patterns of COVERIS FLEXIBLES UK LIMITED. In 2019, there was a significant increase in the percentage of invoices paid within 30 days, followed by a decrease in 2020. Similarly, the percentage of invoices paid later than 60 days decreased in 2020, but then increased in 2021.
Summary Analysis
From 2018 to 2023, COVERIS FLEXIBLES UK LIMITED has shown improvement in their payment patterns. The average time to pay has decreased from 60 days to 51 days, and the percentage of invoices paid within 30 days has increased from 12% to 31%. The company has also reduced the percentage of invoices paid later than 60 days from 49% to 32%. However, there is still some volatility in their payment patterns, as seen in the fluctuations in the percentage of invoices paid within 30 days and later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Raw material suppliers:60 to 90 days, others 30 to 60 days. However, these are often subject to negotiation with individual suppliers.
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
120
Dispute Resolution Process
When an invoice is disputed, the ledger controller will contact supplier to discuss and resolve.
Other Payment Information
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
