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 2024 - 31 Dec 2024 | 08 Jan 2025 | 42 | 30% | 67% | 3% | 53% |
| 01 Jan 2024 - 30 Jun 2024 | 08 Jan 2025 | 41 | 30% | 66% | 4% | 57% |
| 30 Jun 2023 - 31 Dec 2023 | 08 Jan 2025 | 41 | 30% | 67% | 3% | 53% |
| 01 Jan 2023 - 31 Jul 2023 | 08 Nov 2023 | 42 | 33% | 64% | 3% | 57% |
| 01 Jul 2022 - 31 Dec 2022 | 08 Nov 2023 | 41 | 30% | 67% | 3% | 56% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Nov 2023 | 43 | 35% | 61% | 4% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Nov 2023 | 40 | 32% | 63% | 5% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Jul 2021 | 41 | 39% | 57% | 4% | 29% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 41 | 37% | 61% | 2% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 42 | 36% | 60% | 4% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 06 Jan 2020 | 39 | 42% | 56% | 2% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Jul 2019 | 40 | 38% | 59% | 3% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 07 Jan 2019 | 40 | 41% | 57% | 2% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 40 | 32% | 48% | 20% | 79% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
UPM-Kymmene (UK) Ltd has various payment terms with suppliers, the most frequently used are 30, 45 or 60 days net. We have a wide range of commercially negotiated contracts with payment terms varying from 14 days to 60 days. The UPM supplier base ranges from smaller local suppliers, local authorities and other public service providers to large global organisations. Payments cover supplies and services such as raw materials, contract labour, direct materials and spare parts, capital contracts, utilities, etc.
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
60
Dispute resolution will follow a previously agreed process for arbitration assuming the matter cannot be resolved internally. This would be documented in the specific contract and all contracts will include clear UPM contact persons.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
UPM-Kymmene (UK) Limited is a Scottish-registered company based in Irvine, Ayrshire, recorded under the SIC code for manufacture of paper and paperboard. It operates as part of the UPM Group, a Finnish forest industry business whose paper arm, UPM Communication Papers, describes itself as one of the world's leading producers of graphic papers, supplying magazine, newsprint and fine papers. The wider group runs eight paper mills with 3.7 million tonnes a year of production capacity and around 4,700 employees. This UK entity represents the group's presence in Scotland within that paper manufacturing business, rather than an independently trading operation with its own separately described activities.
Generated from the company's website and Companies House records. Sources: upmpaper.com · upmpaper.com