| 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 2021 - 30 Jun 2021 | 29 Jul 2021 | 131 | 70% | 24% | 6% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 60 | 66% | 30% | 4% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 57 | 67% | 30% | 3% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 53 | 73% | 24% | 3% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 71 | 69% | 25% | 7% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 65 | 70% | 23% | 7% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard 30 Days End of Month following the invoice
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
135
Regular communication between APUK and suppliers means that disputes are rare. However, in the event of such a query, APUK aim to resolve any dispute prior to the original agreed due dates.
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
Alpek Polyester UK Ltd, registered at Wilton International, Redcar, was previously named Lotte Chemical UK Limited before its rename in January 2020. Companies House records show its business as the manufacture of plastics in primary forms, with a secondary classification covering other chemical products. Based at the Wilton International chemicals complex on Teesside, it is registered as part of the wider Alpek group. As a producer of plastics and polyester materials in primary form, its output serves as an input for further manufacturing processes rather than being sold as a finished consumer product. The company remains an active private limited company on the UK register.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk