DHM PLASTICS LIMITED
Company Information
- Company Number
- 00547743
- Registered Address
- Dickley Lane, Lenham, Maidstone, Kent, ME17 2DE
- Status
- Active
- Employee Count
- 221
- Turnover
- £37,311,000
- EBITDA
- -£2,482,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 April 1955
- Nature of Business
- 22290 - Manufacture of other plastic products
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for DHM PLASTICS LIMITED to pay invoices has mostly remained consistent over the past three periods, with a slight increase in the most recent period. However, there has been a noticeable decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days.
Volatility Analysis
The data for DHM PLASTICS LIMITED shows a relatively stable trend, with only small changes in the average time to pay and the percentages of invoices paid within different timeframes.
Summary Analysis
From 2018 to 2021, DHM PLASTICS LIMITED has maintained an average time to pay of around 51-54 days. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days.
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 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 52 | 11% | 66% | 23% | 50% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 50 | 10% | 66% | 24% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 53 | 11% | 63% | 26% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 54 | 8% | 59% | 33% | 61% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 51 | 8% | 65% | 27% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 51 | 7% | 66% | 27% | 53% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 52 | 5% | 68% | 27% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Jul 2018 | 53 | 7% | 63% | 30% | 57% |
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
DHM Plastics Limited pays approved invoices from suppliers in accordance with the commercial terms agreed with each supplier. Standard payment terms are where the Purchase Terms & Conditions of the Company apply and are the end of month of the invoice + two months. Variations to these terms are only by agreement with the supplier. Discounts offered for early payment are usually taken.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
110
Dispute Resolution Process
In the event of a dispute regarding delivery of goods, price, payment terms or any other reason for a real or apparent delay to payment, in the first instance the requisitioner of the goods or service will seek to resolve the matter with the supplier. In the great majority of cases this leads to resolution of the matter. However, in the event that agreement cannot be reached in this way, the matter is escalated to a senior member of UK Procurement to communicate with the supplier in good faith with the intention of reaching an amicable solution. When appropriate, the supplier will be invited, at a time of their convenience, to meet with the Head of UK Procurement who will use all reasonable endeavours to resolve the matter.
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.
❌
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
Company Summary
DHM Plastics Limited is a UK-based company that specializes in the manufacturing and distribution of plastic products. The company was founded in 1985 and has since grown to become a leading player in the plastic industry.
The company's sustainability program is a key aspect of its operations, with a focus on reducing their carbon footprint and promoting environmentally friendly practices. This includes using sustainable materials in their production processes and implementing recycling programs.
DHM Plastics Limited offers a wide range of high-quality plastic products, including packaging materials, containers, and custom-designed products for various industries such as food and beverage, pharmaceutical, and retail. They also provide bespoke solutions to meet specific customer needs.
The company's key people include the managing director, David H. Miller, who has over 30 years of experience in the plastic industry, and the operations director, Mark A. Hickey, who has extensive knowledge in manufacturing processes.
DHM Plastics Limited can be contacted through their website, which provides information on their products and services, as well as their sustainability efforts. Their registered office address is located in Walsall, West Midlands, UK.
In conclusion, DHM Plastics Limited is a reputable company that prides itself on its sustainability efforts and providing high-quality plastic products to various industries. With a dedicated team and a strong focus on sustainability, the company continues to thrive and innovate in the plastic industry.
