Industry ranking
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.
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.
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.
| 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 | 51 | 10% | 66% | 25% | 43% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
110
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.
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
DHM Plastics Limited is registered under a SIC code for the manufacture of other plastic products. The evidence confirms it now trades as Marley Plumbing and Drainage, part of the Aliaxis group. The business supplies plumbing and drainage products, including PVC soil and waste ranges, Akatherm HDPE, dBlue, Friaphon and Multikwik traps and WC connectors, used in rainwater management, sewage and stormwater, and soil and waste drainage and ventilation applications across infrastructure, building services and industrial sectors. Products are distributed through a network of stockists rather than sold directly. The company's own site describes its range as providing fluid management solutions across infrastructure, building services and industrial applications.
Generated from the company's website and Companies House records. Sources: marleyplumbinganddrainage.com · marleyplumbinganddrainage.com · marleyplumbinganddrainage.com