PHILIP MORRIS LIMITED
Company Information
- Company Number
- 03619145
- Registered Address
- 10 Hammersmith Grove, London, W6 7AP
- Status
- Active
- Employee Count
- 363
- Turnover
- £897,551,000
- EBITDA
- £16,361,000
Additional Details
- Website
- https://pmi.com
- Company Type
- Private limited Company
- Incorporated On
- 20 August 1998
- Nature of Business
- 46350 - Wholesale of tobacco products
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2021 - 30 Jun 2021 | 28 Jul 2021 | 58 | 28% | 45% | 27% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 61 | 19% | 52% | 29% | 39% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 60 | 22% | 55% | 23% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 59 | 21% | 54% | 25% | 44% |
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
Our standard contractual length of time for payment of invoices is 60 or 120 days from the date of receipt of invoice depending on the total annual spend.
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
Dispute Resolution Process
Supplier disputes are in the first instance managed by the Accounts Payable department via a dedicated supplier helpline.
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.
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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?
❌
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
Philip Morris Limited (PML) is a leading tobacco company in the UK, with a commitment to sustainability and responsible business practices. PML is a part of Philip Morris International, a global company with a portfolio of leading brands in the tobacco industry.
PML's sustainability program focuses on reducing the environmental impact of its operations, promoting responsible sourcing of tobacco, and investing in the communities where it operates. This includes efforts to reduce greenhouse gas emissions, water usage, and waste production, as well as promoting sustainable agriculture practices among its tobacco farmers.
PML's main product is cigarettes, with popular brands such as Marlboro, Chesterfield, and L&M. However, the company is also investing in alternative products such as heated tobacco and e-cigarettes, as part of its vision to create a smoke-free future.
The company is led by Managing Director Peter Nixon, who has been with PML since 2017. PML's registered office address is at 1 New York Street, Manchester, M1 4HD. The company can be contacted through their website at www.pmi.com or through their customer care line at 0800 043 5582.
In summary, Philip Morris Limited is a leading tobacco company in the UK, with a strong focus on sustainability and responsible business practices. Through its sustainability program and alternative products, the company is striving towards a smoke-free future.
