IPL PLASTICS (UK) LIMITED
Company Information
- Company Number
- 06094735
- Registered Address
- Denis House, Mariner, Lichfield Road Industrial Estate, Tamworth, Staffordshire, United Kingdom, B79 7UL
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 February 2007
- Nature of Business
- 22220 - Manufacture of plastic packing goods
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
IPL PLASTICS (UK) LIMITED exhibits an average payment time of 34 days, indicating a slight tendency to pay just beyond immediate 30-day terms. A significant 44% of payments are made within 30 days, yet an almost equal 46% fall into the 31-60 day bracket. This trajectory suggests a consistent pattern where many payments extend into the second month, rather than being strictly prompt.
Volatility Analysis
While the majority of payments occur within 60 days, the 10% of payments extending over 60 days introduces a degree of unpredictability for a segment of invoices. The formal late payment rate of 6% further highlights a measurable risk of non-adherence to agreed terms. This profile suggests that while payment is generally reliable, specific invoices may face notable delays, impacting cash flow predictability.
Summary Analysis
Suppliers to IPL PLASTICS (UK) LIMITED should anticipate an average payment cycle extending slightly beyond 30 days, with a considerable portion paying within 60 days. It is advisable to factor in the 10% risk of payments exceeding 60 days and the 6% late payment rate when setting credit terms and managing working capital. Proactive follow-up on invoices approaching the 30-day mark could help mitigate potential longer delays.
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 2025 - 30 Jun 2025 | 26 Aug 2025 | 34 | 44% | 46% | 10% | 6% |
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
30 end of month plus 3
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
60
Dispute Resolution Process
Disputes would be reviewed by finance and relevant departments with an aim to be resolved in a timely manner
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
IPL PLASTICS (UK) LIMITED is an active private limited company operating within the plastics sector
Its company name indicates its focus on the manufacturing, processing, or distribution of plastic-based products and materials
The company was incorporated on 12 February 2007 and operates under company number 06094735
Its registered office is located at Denis House, Mariner, Lichfield Road Industrial Estate, Tamworth, Staffordshire, United Kingdom, B79 7UL
Companies within the UK plastics industry typically provide a range of services including injection moulding, extrusion, and blow moulding
They often produce various plastic components, packaging solutions, and raw plastic materials for industrial, commercial, and consumer applications across diverse markets
