Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
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.
❌
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.
❌
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.
❌
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
IPL Plastics (UK) Limited is registered in Tamworth, Staffordshire and is classified under manufacture of plastic packing goods. It forms part of a global group that trades under the brand IPL Schoeller, designing and producing reusable and returnable packaging products, including thin wall containers, pallets, intermediate bulk containers, wheeled bins and trade moulded items. The group serves sectors such as agriculture, beverages, pharma, industrial and chemicals, retail, logistics and warehousing, food, environmental and automotive. Its own materials describe it as a global partner offering packaging solutions built around circular economy principles, combining design, engineering and material innovation to create durable, reusable products for supply chains worldwide.
Generated from the company's website and Companies House records. Sources: ipl-plastics.com · ipl-plastics.com