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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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
Disputes would be reviewed by finance and relevant departments with an aim to be resolved in a timely manner
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
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.