Industry ranking
| 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 2025 - 31 Dec 2025 | 23 Jan 2026 | 44 | 34% | 58% | 8% | 20% |
| 01 Jan 2025 - 30 Jun 2025 | 21 Jul 2025 | 47 | 30% | 59% | 11% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 44 | 31% | 56% | 13% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Aug 2019 | 46 | 27% | 55% | 18% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 14 Mar 2019 | 44 | 28% | 55% | 16% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 46 | 26% | 57% | 17% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days. In some scenarios shorter terms are agreed upon.
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
Disputes are escalated to suppliers and resolved as quickly as possible and this varies widely depending on the supplier and complexity of the dispute.
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
Futamura Chemical UK Limited is registered at Wigton, Cumbria, the site listed as the European base for the Futamura Group. The wider group manufactures cellulose-based films and materials, including NatureFlex and Cellophane brands, alongside NatureSphere microbeads and Meatlonn fibrous casings for meat processing. These products serve as renewable, compostable alternatives to conventional plastics, used in packaging for food, beverages, cosmetics, foodservice and household care, as well as in bags, labels, tapes, twistwrap, overwrap and pouches. The company itself operates as part of this manufacturing group, functioning as its UK arm within Europe, Middle East and Africa operations, rather than as an independent trading entity in its own right.
Generated from the company's website and Companies House records. Sources: futamuragroup.com · futamuragroup.com