DS SMITH RECYCLING UK LIMITED exhibits a consistent trend towards extended payment terms, with an average payment time of 55 days. A significant 34% of payments exceed 60 days, indicating a routine trajectory of longer payment cycles, while 45% fall within the 31-60 day window, suggesting payments often occur in the mid-range of extended terms.
While only 9% of payments are officially marked as late, the substantial 34% consistently exceeding 60 days introduces a degree of unpredictability and potential cash flow volatility for suppliers. This distribution suggests moderate reliability, as a considerable portion of payments routinely fall outside standard prompt payment windows, which can impact financial planning.
Suppliers should anticipate extended payment cycles, averaging 55 days, and factor in a significant probability (34%) of payments exceeding 60 days into their cash flow projections. It is advisable to establish clear credit terms, potentially negotiate for shorter payment cycles, or consider prepayment options to mitigate the risk associated with the consistently longer payment timelines and the 9% late payment rate.
| 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 Nov 2024 - 30 Apr 2025 | 29 May 2025 | 55 | 21% | 45% | 34% | 9% |
| 01 May 2024 - 31 Oct 2024 | 29 Nov 2024 | 75 | 20% | 37% | 43% | 12% |
| 01 Nov 2023 - 30 Apr 2024 | 29 May 2024 | 66 | 24% | 26% | 50% | 16% |
| 01 May 2023 - 31 Oct 2023 | 28 Nov 2023 | 63 | 24% | 29% | 47% | 14% |
| 01 Nov 2022 - 30 Apr 2023 | 26 May 2023 | 55 | 22% | 29% | 49% | 14% |
| 01 May 2022 - 31 Oct 2022 | 30 Nov 2022 | 60 | 27% | 25% | 48% | 14% |
| 01 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 62 | 27% | 25% | 48% | 13% |
| 01 May 2021 - 31 Oct 2021 | 26 Nov 2021 | 62 | 29% | 25% | 46% | 14% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 65 | 28% | 28% | 44% | 13% |
| 01 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 65 | 26% | 27% | 47% | 14% |
| 01 Nov 2019 - 30 Apr 2020 | 28 May 2020 | 69 | 24% | 27% | 49% | 13% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 73 | 22% | 29% | 49% | 13% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 69 | 25% | 31% | 44% | 14% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 71 | 14% | 36% | 49% | 19% |
| 01 Nov 2017 - 30 Apr 2018 | 31 May 2018 | 74 | 16% | 34% | 50% | 20% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 113 | 40% | 6% | 54% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
94 days
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
120
Complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers have contact details. The Accounts Payable team will escalate where applicable to the Accounts Payable team leader, and the Group legal team.
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
DS SMITH RECYCLING UK LIMITED is a Private limited Company operating within the UK recycling sector. The company's name indicates its focus on recycling services across the United Kingdom.
Incorporated on 10 July 1926, the company operates under company number 00214967 and maintains an active status. Its registered office is located at Level 3 1 Paddington Square, London, United Kingdom, W2 1DL.
Companies operating in the recycling sector typically specialise in the collection, sorting, and processing of various waste materials for reuse. They provide services such as paper and cardboard recycling, plastics recycling, and other material recovery solutions for businesses and organisations across the United Kingdom.