Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 56 | 20% | 52% | 28% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 60 | 22% | 55% | 23% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 64 | 18% | 53% | 29% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 59 | 21% | 54% | 25% | 44% |
This information is as reported by the business, and responses are in their own words.
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
Supplier disputes are in the first instance managed by the Accounts Payable department via a dedicated supplier helpline.
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
Philip Morris Limited is a UK-registered company with the stated business activity of wholesale of tobacco products. It forms part of the Philip Morris International group, a multinational consumer goods business best known historically for cigarette manufacturing and now describing itself as working towards a smoke-free future through heated tobacco, e-vapour and nicotine pouch products. The UK entity's own registered role is limited to tobacco product wholesale within this wider international group, rather than manufacturing or product development, which are carried out at group level. No further detail on the entity's specific UK trading operations is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: pmi.com · pmi.com