Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2021 - 31 Dec 2021 | 07 Feb 2022 | 46 | 12% | 59% | 29% | 94% |
| 01 Jan 2021 - 30 Jun 2021 | 09 Aug 2021 | 44 | 16% | 59% | 25% | 87% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Feb 2021 | 37 | 20% | 72% | 8% | 67% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 36 | 14% | 85% | 2% | 86% |
| 01 Aug 2019 - 31 Dec 2019 | 03 Feb 2020 | 33 | 21% | 79% | 0% | 79% |
| 01 Aug 2018 - 31 Jan 2019 | 25 Feb 2019 | 25 | 48% | 52% | 0% | 52% |
| 01 Feb 2018 - 31 Jul 2018 | 25 Feb 2019 | 24 | 56% | 44% | 0% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms differ depending on the nature of the supplier and the underlying contract, and are assessed on a case by case basis. The standard payment terms are set at between 30-90 days. We have added 3 days to our payment dates to reflect the time it takes the payment to clear, which means a significant level of suppliers are paid between 31 and 60 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
The point of contact for disputes is Proseals Accounts Payable Department, based at the Adlington Head Office- This team can be contacted by phone or email as listed on the company website to resolve or escalate issues.
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
Proseal UK Limited designs and manufactures tray sealing machines and packaging equipment used across food production sectors such as ready meals, red meat, poultry, fish, dairy, produce and plant based protein, as well as pharma and nutraceutical products. Its machine range spans semi-automatic, automatic inline and manual benchtop tray sealers, alongside ancillary conveyor and case-packing equipment, supported by an in-house research and technology centre and system integration services. The company is described as a JBT Marel company, indicating it operates as part of that wider corporate group rather than as an independent trading entity. It provides 24/7 service and training support to customers globally, with its registered office in Cardiff.
Generated from the company's website and Companies House records. Sources: proseal.com