COCA-COLA EUROPACIFIC PARTNERS PLC
Company Information
- Company Number
- 09717350
- Registered Address
- Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ
- Status
- Active
- Employee Count
- 33,100
- Turnover
- £15,337,000,000
- EBITDA
- £2,569,000,000
Additional Details
- Website
- https://ccep.com/
- Company Type
- Public limited Company
- Incorporated On
- 4 August 2015
- Nature of Business
- 11070 - Manufacture of soft drinks; production of mineral waters and other bottled waters
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2024 - 31 Dec 2024 | 30 Jan 2025 | 67 | 32% | 18% | 50% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 69 | 29% | 16% | 55% | 18% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 69 | 26% | 23% | 51% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 120 | 5% | 13% | 82% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 128 | 7% | 11% | 82% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 141 | 8% | 13% | 79% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 130 | 13% | 18% | 69% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 80 | 8% | 41% | 51% | 61% |
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
Standard payment terms for small suppliers are 30 days net from the date of the invoice. Standard payment terms for all other invoices are five (5) days after the end of the calendar month following 60 days from the date of the invoice. The payment period is therefore determined by when a supplier submits an invoice, with the shortest period being 65 days and the longest being 95 days, with an average of 80 days. Specific payment terms outside the standard terms are agreed with some suppliers on a case-by-case basis. Our full standard conditions of purchase are available at: https://www.cocacolaep.com/assets/Terms-of-purchase/CCEP-Standard-Conditions-of-Purchase-EN.pdf A list of exceptions to our standard conditions of purchase is available at: https://www.cocacolaep.com/company/payment-terms-exceptions/ * A small supplier has an annual supply to CCEP of less than €250,000 (excluding VAT) and falls within the EU SME definition recommendation 2003/361 (i.e. fewer than 250 employees and either a turnover of €50 million or less or a balance sheet total of €43 million or less).
Were there any changes to the standard payment terms in the reporting period?
(i) standard payment terms for smaller suppliers were changed from “five days after the end of the calendar month following 20 days from the date of the invoice” to “30 days from the date of the invoice”; and (ii) the definition of a supplier that meets the requirements of a small supplier per CCEP widened to also include medium sized enterprises that fall within the EU SME definition recommendation 2003/361.
Any other information about payment terms
If the payment date is a weekend or a public holiday, payment shall be made on the next working day following the weekend or public holiday. The number of invoices covered by this report is less than 150 in total. Our goal is to ensure we pay every invoice within the agreed time period. There are a number of reasons why invoices may not be paid on agreed terms, including administrative and processing errors, mistakes on invoices and, in some cases, a dispute over the invoice. We recognise the importance of paying our suppliers on time and continue to work hard to reduce the percentage of our invoices paid late.
Maximum contractual payment period agreed
272
Dispute Resolution Process
If CCEP reasonably and in good faith disputes its obligation to pay part or all of an invoice submitted by a supplier, then CCEP notifies the supplier in writing of the amount of the invoice which it is disputing and the reasons why it considers it is not obliged to pay that amount. Payment disputes are initially handled by the Accounts Payable team, with support from the relevant procurement contact/buyer where appropriate. If a satisfactory outcome cannot be reached, the issue will be escalated within the organisation to the legal team if required.
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.
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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?
❌
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
Coca-Cola Europacific Partners PLC (CCEP) is a leading multinational beverage company operating in Europe and the Asia-Pacific region. The company was formed in 2016 through the merger of Coca-Cola Enterprises, Coca-Cola Iberian Partners, and Coca-Cola Erfrischungsgetränke AG.
CCEP's sustainability program focuses on three key areas: climate, packaging, and water. The company has committed to reducing its carbon footprint by 50% by 2030, using 100% recyclable packaging by 2025, and replenishing 100% of the water used in its beverages by 2020.
CCEP offers a diverse range of products, including carbonated soft drinks, juices, energy drinks, and bottled water. Some of its popular brands include Coca-Cola, Fanta, Sprite, Powerade, and Glacéau Smartwater.
The key people at CCEP include Damian Gammell, the Chief Executive Officer, and Nik Jhangiani, the Chief Financial Officer. The company is headquartered in London, UK, with a registered office address at 1A Wimpole Street, London, W1G 0EA.
CCEP's website (www.ccep.com) provides information about the company, its sustainability efforts, and its products. It also offers a contact form for inquiries and a list of regional office addresses and phone numbers. CCEP is committed to driving sustainable growth while providing refreshing and high-quality beverages to its consumers.
