TRM PACKAGING LIMITED
Company Information
- Company Number
- 04256359
- Registered Address
- 350 Euston Road, London, England, NW1 3AX
- Status
- Dissolved
- Employee Count
- 240
- Turnover
- £47,787,000
- EBITDA
- £2,574,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 July 2001
- Nature of Business
- 17211 - Manufacture of corrugated paper and paperboard, sacks and bags
- Industries
- Manufacturing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time of 94 days, coupled with only 13% of payments occurring within 30 days, clearly indicates a trend of significantly extended payment cycles. A substantial 62% of payments take over 60 days and 30% are explicitly late, demonstrating a consistent trajectory towards slow and protracted payment behaviors.
Volatility Analysis
The high concentration of payments extending beyond 60 days suggests a predictable pattern of delayed payments rather than high volatility in payment timing. However, this predictability points to a consistent and elevated risk of extended cash flow cycles for suppliers, making future payment timelines reliably slow.
Summary Analysis
Suppliers should approach TRM PACKAGING LIMITED with caution, as the company consistently demonstrates a slow payment profile with a high likelihood of payments exceeding standard terms. Mitigation strategies such as negotiating longer payment terms, seeking partial upfront payments, or utilizing credit insurance are advisable to manage the inherent cash flow risk.
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 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 83 | 16% | 22% | 62% | 15% |
| 01 Nov 2019 - 30 Apr 2020 | 28 May 2020 | 91 | 14% | 23% | 63% | 21% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 94 | 13% | 25% | 62% | 30% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 76 | 13% | 32% | 55% | 21% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 69 | 14% | 35% | 51% | 20% |
| 01 Nov 2017 - 30 Apr 2018 | 31 May 2018 | 68 | 13% | 41% | 46% | 23% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 91 | 17% | 37% | 45% | 20% |
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
90 days
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
90
Dispute Resolution Process
Complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers have contact details. The Accounts Payable team will escalate where applicable to the Accounts Payable team leader, and the Group legal team.
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.
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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?
❌
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
TRM PACKAGING LIMITED was a private limited company operating within the packaging sector. Its name indicates a focus on providing packaging solutions.
Incorporated on 20 July 2001, TRM PACKAGING LIMITED was assigned company number 04256359. Its registered office was situated at 350 Euston Road, London, England, NW1 3AX. The company is now dissolved.
Companies operating in the packaging sector in the UK typically specialise in the design, manufacture, and supply of various packaging solutions. This often includes primary, secondary, and tertiary packaging for diverse industries, utilising a range of materials such as cardboard, plastics, and eco-friendly alternatives.
