GREIF UK LTD operates with an average payment time of 60 days, placing the majority of transactions at or beyond standard net-30 terms. The payment distribution is heavily skewed toward slower settlement, with 49% of payments exceeding 60 days and only 12% paid within the first 30 days. This concentration at the longer end of the payment cycle indicates a consistent pattern of extended settlement rather than an isolated or improving trend.
With 71% of payments classified as late, GREIF UK LTD presents a high-risk payment profile with limited predictability for cash flow planning. The spread across payment bands — 39% in the 31–60 day range and 49% over 60 days — suggests inconsistent payment behaviour rather than a stable, if slow, payment cycle. Suppliers should expect significant variability in settlement timing, making accurate receivables forecasting difficult.
GREIF UK LTD represents an elevated payment risk, with nearly three-quarters of invoices paid late and an average settlement period of 60 days, requiring careful consideration before extending standard credit terms. Suppliers engaging with this company should consider implementing shorter initial payment terms, setting lower credit limits, or requiring partial prepayment to reduce exposure. Regular account monitoring and prompt escalation of overdue invoices are strongly recommended to manage the high probability of delayed settlement.
| 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 Nov 2023 - 30 Apr 2024 | 22 Aug 2024 | 61 | 10% | 36% | 54% | 69% |
| 01 May 2023 - 31 Oct 2023 | 03 Sept 2024 | 60 | 12% | 39% | 49% | 71% |
| 01 Nov 2022 - 30 Apr 2023 | 03 Sept 2024 | 60 | 15% | 38% | 47% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
EOM 60 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
The Company has a mailbox for vendor queries managed by the Accounts Payable team based at our Shared Service Centre in Budapest, Hungary. The TAT is 36 hours (12 business hours) – no specific dispute resolution process is existing.
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
Greif UK Ltd is a private limited company registered in England, based in Ellesmere Port. It was incorporated in 2008, initially under the name Continental Shelf 450 Limited, before adopting its current name. Companies House records its nature of business under the classification for the manufacture of steel drums and similar containers. The company files annual accounts and confirmation statements, and its registered activity indicates it operates within industrial container manufacturing, likely as the UK entity within a wider international group. No further detail on specific product lines, customers or trading operations is available from the supplied evidence, but the registered SIC code confirms its manufacturing focus on metal packaging containers.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk