| 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 Jun 2018 - 31 Dec 2018 | 11 Dec 2019 | 32 | 44% | 53% | 3% | 0% |
| 01 Jan 2018 - 01 Jun 2018 | 10 Jul 2018 | 38 | 40% | 51% | 9% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
In general we adhere to the settlement period prescribed in the contract
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
150
We will contact the accounts department of the supplier with our query, and these are normally resolved within 2 weeks
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
Press Metal UK Limited, based in Bilston, West Midlands, is registered with Companies House under SIC code 46720, wholesale of metals and metal ores. It was incorporated in 1998 as Watpool Limited before adopting its current name shortly afterwards. Companies House filings show its persons with significant control have included Press Metal Aluminium Holdings Berhad and Pmim Extrusion Sdn Bhd, both overseas parent entities, indicating the company operates as the UK arm of a wider aluminium group. The available evidence covers registered details and ownership history rather than detailed trading operations, but confirms its role as a UK entity wholesaling non-precious metals within that group structure. The company remains active.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk