COCA-COLA EUROPACIFIC PARTNERS SERVICES EUROPE LIMITED
Company Information
- Company Number
- 03227459
- Registered Address
- Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ
- Status
- Active
- Employee Count
- 1
- Turnover
- £37,312,000
- EBITDA
- £3,361,000
Additional Details
- Website
- https://cokecce.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 19 July 1996
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 30 Jan 2025 | 79 | 8% | 26% | 66% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 80 | 7% | 22% | 71% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 77 | 13% | 26% | 61% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 85 | 6% | 18% | 76% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 67 | 11% | 33% | 56% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 73 | 10% | 31% | 59% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 80 | 6% | 27% | 67% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 73 | 15% | 29% | 56% | 37% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms for small suppliers are 30 days net from the date of the invoice. Standard payment terms for all other invoices are five (5) days after the end of the calendar month following 60 days from the date of the invoice. The payment period is therefore determined by when a supplier submits an invoice, with the shortest period being 65 days and the longest being 95 days, with an average of 80 days. Specific payment terms outside the standard terms are agreed with some suppliers on a case-by-case basis. Our full standard conditions of purchase are available at: https://www.cocacolaep.com/assets/Terms-of-purchase/CCEP-Standard-Conditions-of-Purchase-EN.pdf A list of exceptions to our standard conditions of purchase is available at: https://www.cocacolaep.com/company/payment-terms-exceptions/ * A small supplier is one that has an annual supply to CCEP of less than €250,000 (excluding VAT) and falls within the EU SME definition recommendation 2003/361 (i.e. fewer than 250 employees and either a turnover of €50 million or less or balance sheet total of €43 million or less).
Were there any changes to the standard payment terms in the reporting period?
(i) standard payment terms for smaller suppliers were changed from “five days after the end of the calendar month following 20 days from the date of the invoice” to “30 days net from the date of the invoice”; and (ii) the definition of a supplier that meets the requirements of a small supplier per CCEP widened to also include medium sized enterprises that fall within the EU SME definition recommendation 2003/361.
Any other information about payment terms
If the payment date is a weekend or a public holiday, payment shall be made on the next working day following the weekend or public holiday. The number of invoices covered by this report is less than 750 in total. Our goal is to ensure we pay every invoice within the agreed time period. There are a number of reasons why invoices may not be paid on agreed terms, including administrative and processing errors, mistakes on invoices and, in some cases, a dispute over the invoice. We recognise the importance of paying our suppliers on time and continue to work hard to reduce the percentage of our invoices paid late.
Maximum contractual payment period agreed
126
Dispute Resolution Process
If CCEP reasonably and in good faith disputes its obligation to pay part or all of an invoice submitted by a supplier, then CCEP notifies the supplier in writing of the amount of the invoice which it is disputing and the reasons why it considers it is not obligated to pay that amount. Payment disputes are initially handled by the Accounts Payable team, with support from the relevant procurement contact/buyer where appropriate. If a satisfactory outcome cannot be reached, the issue will be escalated within the organisation to the legal team if required.
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.
❌
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
Company Summary
COCA-COLA EUROPACIFIC PARTNERS SERVICES EUROPE LIMITED is a leading beverage company that operates in Europe, Pacific, and Africa. The company is focused on providing sustainable and refreshing products to its customers while also making a positive impact on the environment.
The company offers a wide range of products including Coca-Cola, Diet Coke, Fanta, Sprite, and Schweppes. It also offers a range of low and no-sugar options to cater to the changing preferences of consumers.
COCA-COLA EUROPACIFIC PARTNERS SERVICES EUROPE LIMITED has a strong commitment to sustainability and has developed a comprehensive sustainability program. This includes reducing the carbon footprint of its operations, responsible sourcing of ingredients, and promoting recycling and circular economy practices.
One of the key people leading the company's sustainability efforts is its CEO, Damian Gammell. He is committed to creating a sustainable future for the company and its customers.
For more information on their products, services, and sustainability efforts, interested individuals can visit their website at www.cocacolaep.com. The company's registered office address is: 1 Queen Caroline Street, London, W6 9HQ, United Kingdom.
