| 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 2019 - 30 Jun 2019 | 04 Dec 2019 | 21 | 88% | 10% | 2% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days
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
30
Any complaint or concern will be considered by the company’s Finance department in the first instance. Finance Department will aim to resolve any queries or disputes promptly, so payment can be made without delay. Any unresolved disputes will be passed on to the Managing Director.
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
IFCO Systems UK Ltd is a private limited company registered in England and Wales, incorporated in 1994. It previously traded as Delruse Limited and later as IFCO International Food Container Organisation UK Limited before adopting its current name in 2001, a change reflecting its role within the wider IFCO Systems group, which operates in packaging. Companies House lists its nature of business under other service activities, and industry tagging associates it with packaging and printing. The company appears to function as the UK arm of an international container and packaging organisation rather than an independent trading operation. It remains active, with its registered office in Buckinghamshire.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk