The average time taken for CIDER OF SWEDEN LTD to pay invoices has been increasing over the past three periods, from 39 days in the first period to 49.6 days in the most recent period.
The volatility in the % of invoices paid within 30 days has been relatively stable, with a decrease of 5.2% in the second period and an increase of 0.2% in the third period.
Overall, CIDER OF SWEDEN LTD has been taking longer to pay invoices over the past three periods. This is reflected in the increase in the average time to pay and the % of invoices paid later than 60 days. However, there has been some improvement in the % of invoices paid within 30 days and between 31 and 60 days in the third period compared to the second period.
| 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 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 39 | 53% | 34% | 13% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
EOM30D for all misc suppliers and 90D given from our main supplier
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
Initially managed by accounts payable, if a resolution is not agreed within a reasonable timeframe then this is escalated to 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.
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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
Cider of Sweden Ltd is the UK company behind the Kopparberg brand, registered in Leeds and trading as Kopparberg. Its own site describes Kopparberg fruit cider as being produced in the Swedish town of Kopparberg before distribution to the UK market. The company's registered activity is wholesale of wine, beer, spirits and other alcoholic beverages, and its range extends beyond cider to include gin, rum, vodka, beer and lager, plus classic cocktails and draught products. It markets these drinks under the Kopparberg name for retail and hospitality occasions across the UK.
Generated from the company's website and Companies House records. Sources: kopparberg.co.uk · kopparberg.co.uk