Industry ranking
The average time taken for SMURFIT KAPPA UK LTD to pay invoices has fluctuated over the past three periods, with a decrease in the first period, an increase in the second period, and a slight decrease in the third period.
The volatility in the % of invoices paid within 30 days has been relatively stable, with a slight decrease in the third period. However, there has been a significant increase in the % of invoices paid later than 60 days in the second period, followed by a decrease in the third period.
From the data provided, it can be seen that SMURFIT KAPPA UK LTD has shown a decrease in the average time taken to pay invoices in the first and third periods, with a slight increase in the second period. However, there has been a significant increase in the % of invoices paid later than 60 days in the second period, which has since decreased in the third period.
| 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 | 22 Sept 2022 | 59 | 9% | 50% | 41% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 22 Sept 2022 | 56 | 9% | 51% | 40% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Sept 2022 | 53 | 14% | 50% | 36% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 62 | 9% | 44% | 47% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 46 | 21% | 59% | 20% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days End of Month
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
180
All complaints / queries are coordinated through centralised Accounts Payable team. All suppliers have contact details for the Accounts Payable team alternatively they are published on the Internet page. In the event of disputed / delayed invoices, Accounts payable team will attempt to resolve promptly in the first instance otherwise will escalate to Shared Services Manager / Manufacturing site FC for resolution
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
Smurfit Kappa UK Ltd is registered at Cunard Buildings, Liverpool, and operates under the SIC code for manufacturing corrugated paper, paperboard, sacks and bags. It forms the UK part of the Smurfit Kappa group, a FTSE 100 business describing itself as one of the leading providers of paper-based packaging, with operations across more than 30 countries and around 97,000 employees globally. In the UK the business manufactures corrugated and other paper-based packaging for sectors including retail, ecommerce, industrial and food and drink, alongside containerboard, paper and board products, packaging machinery and recycling services, supplying local and national customers through UK facilities.
Generated from the company's website and Companies House records. Sources: smurfitkappa.co.uk · smurfitkappa.co.uk