COVERIS FLEXIBLES (GAINSBOROUGH) UK LIMITED

PaymentCheck Score 2025
29Poor
1.4vs last year
#4322 in UK
#227 in Supply Chain
#207 in East Midlands

Company Information

Company Number
04786458
Registered Address
Holland Place Wardentree Park, Pinchbeck, Spalding, Lincolnshire, PE11 3ZN
Status
Active
Employee Count
347
Turnover
£86,648,000
EBITDA
£4,345,000

Additional Details

Company Type
Private limited Company
Incorporated On
4 June 2003
Nature of Business
22220 - Manufacture of plastic packing goods
Industries
Supply Chain,Manufacturing And Commerce Models
Region
East Midlands

Time to Pay

Average Time to Pay
70 days
Shortest Period:7 days
Longest Period:120 days
Max Contractual:139 days

Payment Timeline

Within 30 Days
14%
31-60 Days
36%
After 60 Days
50%
Not Paid Within Terms64%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20256314%39%47%63%
01 Jul 2024 - 31 Dec 202430 Jan 20257014%36%50%64%
01 Jan 2024 - 30 Jun 202429 Jul 20246219%37%44%65%
01 Jul 2023 - 31 Dec 202330 Jan 20245719%38%43%70%
01 Jan 2023 - 30 Jun 202326 Jul 20235721%41%38%60%
01 Jul 2022 - 31 Dec 202225 Jan 20234538%32%30%49%
01 Jul 2021 - 31 Dec 202128 Jan 20224637%37%26%47%
01 Jan 2021 - 30 Jun 202123 Jul 20214339%35%26%34%
01 Jul 2020 - 31 Dec 202029 Jan 20214137%38%25%39%
01 Jan 2020 - 30 Jun 202030 Jul 20205331%35%34%50%
01 Jan 2019 - 30 Jun 201926 Jul 20195622%39%39%42%
01 Jul 2018 - 31 Dec 201829 Jan 20195716%44%40%39%

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

Raw Materials Suppliers 30 to 90 days, Others 30 to 60 days. However, these are often subject to negotiation with individual suppliers.

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

139

Dispute Resolution Process

When any invoice is disputed, the ledger controller will contact suppliers to discuss and resolve.

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.

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

Company Summary

COVERIS FLEXIBLES (GAINSBOROUGH) UK LIMITED is a leading manufacturer of flexible packaging solutions, based in Gainsborough, UK. The company has a strong focus on sustainability and offers a wide range of eco-friendly products and services.

Their sustainability program includes initiatives such as reducing waste and energy consumption, using renewable materials, and promoting recycling and reusing of packaging materials. They are committed to minimizing their environmental impact and creating a more sustainable future.

The company's products and services include flexible packaging solutions for various industries such as food and beverage, healthcare, and consumer goods. They offer a variety of packaging options, including pouches, bags, and films, that are designed to meet the specific needs of their clients.

Key people at COVERIS FLEXIBLES (GAINSBOROUGH) UK LIMITED include the Managing Director, Mark Lapping, and the Head of Sustainability, David Morris. Both have extensive experience in the packaging industry and are dedicated to driving the company's sustainability efforts.

To contact COVERIS FLEXIBLES (GAINSBOROUGH) UK LIMITED, you can visit their website at www.coveris.com or email them at info.gainsborough@coveris.com. Their registered office address is Coveris Gainsborough Ltd, Carr Lane, Gainsborough, Lincolnshire, DN21 2RA, United Kingdom.

In conclusion, COVERIS FLEXIBLES (GAINSBOROUGH) UK LIMITED is a sustainable packaging company that offers a range of eco-friendly products and services. With a commitment to sustainability and a team of experienced professionals, they are a reliable and responsible choice for flexible packaging solutions.

Financial Metrics

Cash
£2,087,000
Net Worth
£6,320,000
Total Current Assets
£29,891,000
Total Current Liabilities
£23,738,000

Company Location