SMURFIT WESTROCK CONSUMER PACKAGING LIMITED exhibits a clear trend of slow payments, with an average payment time of 56 days. A significant 42% of payments extend beyond 60 days, indicating a consistent trajectory where most invoices are settled well past standard 30-day terms. This pattern suggests suppliers should anticipate extended payment cycles.
The company demonstrates considerable volatility and low predictability in its payment behavior, with 36% of payments classified as late. The fact that 42% of payments exceed 60 days further highlights a high risk of significant payment delays beyond anticipated terms. Suppliers face a substantial chance of experiencing payments well past their due dates, impacting cash flow reliability.
Suppliers engaging with SMURFIT WESTROCK CONSUMER PACKAGING LIMITED should exercise caution due to the consistently slow and late payment patterns. Key decision factors include assessing the impact on your own cash flow and the necessity for negotiating stricter payment terms. Implementing mitigation strategies such as requesting shorter terms, partial upfront payments, or clear late payment penalties is strongly advised.
| 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 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 56 | 21% | 39% | 40% | 24% |
| 01 Apr 2019 - 30 Sept 2019 | 21 Nov 2019 | 56 | 19% | 39% | 42% | 36% |
| 01 Oct 2018 - 31 Mar 2019 | 10 May 2019 | 63 | 17% | 30% | 53% | 72% |
| 01 Apr 2018 - 30 Sept 2018 | 16 Nov 2018 | 57 | 24% | 30% | 46% | 73% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 61 | 17% | 33% | 50% | 80% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequent payments terms for qualifying contracts are 60 days from date of invoice
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
105
Supplier disputes would be raised with the finance team in the first instance. Where the issue cannot be resolved the dispute will be escalated to the central legal team.
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
SMURFIT WESTROCK CONSUMER PACKAGING LIMITED is an active private limited company that specialises in consumer packaging.
It was incorporated on 13 June 2013 and operates from the East Midlands, with its registered office located at Westrock Millennium Way West, Phoenix Centre, Nottingham, United Kingdom, NG8 6AW. The company's unique identifier is company number 08568993.
Organisations within the consumer packaging sector in the UK typically provide comprehensive packaging solutions for various consumer goods. This involves the design, manufacture, and supply of packaging materials and structures tailored to product protection, branding, and retail presentation.