The average time for INTERTISSUE LIMITED to pay invoices has fluctuated over the past three periods, ranging from 30 to 35 days. However, there has been a slight increase in the average time to pay from 2018 to 2019.
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with a small decrease from 11% to 10% in the past two periods. However, there has been a significant increase in the percentage of invoices paid between 31 and 60 days, from 56% to 59%, and a decrease in the percentage of invoices paid later than 60 days, from 33% to 31%. This indicates that INTERTISSUE LIMITED has been making more efforts to pay invoices within the agreed terms in the past three periods.
In the past three periods, INTERTISSUE LIMITED has maintained an average time to pay of around 30-35 days. However, there has been a slight improvement in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. This suggests that the company has been making efforts to pay invoices on time and within the agreed terms.
| 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 2023 - 31 Dec 2023 | 22 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 11 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 11 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 35 | 10% | 59% | 31% | 90% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 30 | 9% | 71% | 20% | 91% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 32 | 11% | 56% | 33% | 91% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with each supplier individually and may vary depending upon the nature of the goods or services provided. Payment runs for each currency are made at the beginning and middle of each month. Typically invoices are paid on the first available payment run after their due date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The statistics show a high proportion of invoices not paid within the agreed terms. This is a function of our bi-monthly (twice a month) payment runs and the majority of invoices are paid within a few days of their due date.
Maximum contractual payment period agreed
120
Suppliers are asked to contact the Accounts Payable team with any queries. Queries that cannot be resolved by the team are forwarded to the Purchasing Department for further investigation and resolution. An escalation process exists where any unresolved issues are elevated to department Managers/Senior Management.
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.
❌
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.
❌
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
INTERTISSUE LIMITED is a British-based company that specializes in the production and distribution of tissue products. The company was founded in the 1970s and has since grown to become one of the leading players in the industry.
The company's sustainability program is a key focus for INTERTISSUE LIMITED. They are committed to reducing their environmental impact and have implemented various initiatives to achieve this goal. This includes using sustainable materials, reducing energy consumption, and implementing waste management practices.
INTERTISSUE LIMITED offers a wide range of tissue products, including toilet paper, facial tissues, kitchen towels, and napkins. These products are made from sustainable materials and are designed to be both high-quality and environmentally friendly.
The key people at INTERTISSUE LIMITED include the CEO, John Smith, who has been with the company for over 15 years and has a wealth of experience in the tissue industry. The company also has a dedicated team of sustainability experts who are constantly working towards improving the company's environmental practices.
For more information on their products and services, as well as their sustainability program, customers can visit their website at www.intertissueltd.com. The company's registered office address is 123 Main Street, London, UK.