PLASMOR LIMITED demonstrates a general trend of timely payments, with 59% of invoices settled within 30 days. However, the average payment time of 39 days is influenced by a considerable 37% of payments falling into the 31-60 day bracket, indicating a consistent pattern of moderate delays for a significant portion of invoices. Only 4% of payments extend beyond 60 days, suggesting that protracted delays are rare rather than a common trajectory.
Payment reliability for PLASMOR LIMITED is moderate; while the majority of payments are predictable within 30 days, the 37% taking 31-60 days introduces an element of variability for a substantial number of transactions. The consistent 4% of payments exceeding 60 days or being broadly categorized as late represents a low but present risk factor for suppliers, indicating that a small fraction of invoices may experience significant delays. Suppliers should anticipate that while most payments will be reasonably punctual, a notable portion will require flexibility in cash flow planning due to extended terms.
PLASMOR LIMITED is a moderately reliable payer; suppliers can generally expect payments within 30 days for a majority of invoices, but should prepare for a consistent 31-60 day cycle for a substantial minority. Key decision factors include the supplier's capacity to manage an average 39-day payment cycle and occasional longer terms for specific invoices. To mitigate risk, suppliers might consider negotiating explicit payment terms or structuring agreements to account for the likelihood of payments extending into the 31-60 day window.
| 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 Sept 2023 - 29 Feb 2024 | 21 Mar 2024 | 39 | 59% | 37% | 4% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
end of following month from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
payment terms are generally set by the supplier
Maximum contractual payment period agreed
60
Suppliers contact the accounts department to chase payment if invoice is late the purchase ledger clerk will investigate the reason and resolve as soon as possible
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
Plasmor Limited is a manufacturer of concrete building products, based in Knottingley, West Yorkshire. It produces over 1,000 concrete items, including building blocks, block paving, kerbs and accessories, supplying the UK construction industry across residential, commercial and industrial sectors since 1959. Products include ultra-lightweight blocks made from Plasmor's own expanded clay, alongside dense aggregate and low-carbon blocks such as Synerg.Eco. Its Plaspave range covers block paving, cobblestones and setts. The company operates national distribution from key sites across the country and describes itself as part of the Plasmor Group, one of Britain's largest independent concrete products manufacturers. Its products have been used in major construction projects including university and sports facility developments.
Generated from the company's website and Companies House records. Sources: plasmor.co.uk