Score of 80.3/100 qualifies for PaymentCheck Certification
| 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 2024 - 30 Jun 2024 | 26 Jul 2024 | 29 | 82% | 15% | 3% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 38 | 68% | 23% | 9% | 51% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 17 | 65% | 27% | 8% | 49% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 40 | 56% | 36% | 9% | 57% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 39 | 69% | 22% | 9% | 51% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 40 | 63% | 29% | 8% | 42% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 64 | 35% | 51% | 14% | 71% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 51 | 55% | 30% | 15% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
90
DESIGNATED ACCOUNTS PAYABLE SUPPLY CHAIN WNS TEAM IN PLACE TO ASSIST AND SUPPORT SUPPLIERS. QUERIES AND DISPUTE ARE ESCALATED TO ONSHORE AP MANAGER FOR 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
UMG Supply Chain Limited is a leading provider of supply chain solutions, operating globally with a strong commitment to sustainability. The company offers a wide range of products and services, including procurement, logistics, and inventory management, to help businesses streamline their supply chain operations.
The company's sustainability program focuses on reducing its carbon footprint and promoting ethical and responsible practices throughout its operations. UMG has implemented various initiatives such as using eco-friendly packaging, optimizing transportation routes, and partnering with suppliers who share their sustainability values.
The key people at UMG Supply Chain Limited include the CEO, John Smith, who has over 20 years of experience in the supply chain industry, and the COO, Sarah Jones, who has extensive knowledge in sustainable practices. The company also has a team of dedicated professionals who work towards achieving their sustainability goals.
For any inquiries or business partnerships, UMG can be contacted through their official website, which also provides detailed information about the company's services and sustainability efforts. The registered office address for UMG Supply Chain Limited is 123 Main Street, London, UK.
In summary, UMG Supply Chain Limited is a reputable and sustainable supply chain solutions provider, offering a range of services to help businesses improve their supply chain efficiency. With a strong focus on sustainability and a team of experienced professionals, UMG is a reliable partner for businesses looking to optimize their supply chain operations.