JOHNSON MATTHEY PLC
Company Information
- Company Number
- 00033774
- Registered Address
- 5th Floor 2 Gresham Street, London, United Kingdom, EC2V 7AD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 11 April 1891
- Nature of Business
- 20590 - Manufacture of other chemical products not elsewhere classified24410 - Precious metals production29320 - Manufacture of other parts and accessories for motor vehicles71121 - Engineering design activities for industrial process and production
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
JOHNSON MATTHEY PLC exhibits a consistent trend of extended payment cycles, with an average payment time of 72 days. Only 17% of payments are made within 30 days, while a significant 38% consistently extend beyond 60 days. This trajectory suggests suppliers should anticipate considerably longer payment periods.
Volatility Analysis
The high percentage of late payments, at 39%, indicates significant unreliability and unpredictability in JOHNSON MATTHEY PLC's payment practices. While 45% pay between 31-60 days, the substantial 38% extending beyond 60 days introduces a material risk for suppliers relying on consistent payment schedules. This wide spread and frequent lateness demonstrate a notable lack of predictable promptness.
Summary Analysis
Suppliers should approach JOHNSON MATTHEY PLC with caution, as the overall payment profile indicates high risk due to significant delays and unreliability. Key decision factors must include factoring in the 72-day average payment time and the 39% late payment rate into financial planning. To mitigate risk, suppliers should consider negotiating upfront deposits, establishing more stringent payment terms, or exploring invoice financing options.
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 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 72 | 17% | 45% | 38% | 39% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 58 | 31% | 48% | 21% | 15% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 58 | 31% | 49% | 20% | 12% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 60 | 34% | 47% | 19% | 12% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 60 | 29% | 51% | 20% | 15% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 57 | 30% | 52% | 18% | 15% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 53 | 32% | 54% | 14% | 14% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 55 | 30% | 54% | 16% | 16% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 55 | 31% | 54% | 15% | 17% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 53 | 36% | 50% | 14% | 18% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 56 | 26% | 54% | 19% | 34% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 59 | 26% | 54% | 20% | 45% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 53 | 26% | 57% | 17% | 43% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 48 | 30% | 54% | 16% | 56% |
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
At this time, we do not have standard payment terms across our business. There is a wide range of payment terms offered by, and negotiated with, our suppliers. Our payment hubs, hosted on multiple legacy systems, operate either weekly or fortnightly payment runs. We are in the process of standardising to 19 different payment terms and implementing these across our business.
Were there any changes to the standard payment terms in the reporting period?
Reducing the number of standard payment terms down to 19
Any other information about payment terms
The date of receipt of supplier invoices is not recorded. Reported statistics are calculated from the date of invoice. Supplier receipts of payment dates are unknown. For reporting purposes, receipts of payment dates are estimates. Within our procurement programme, our intention is to introduce best practices and optimise to a suite of standard payment terms across the business.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Payment disputes are typically initially referred to the finance function, who will try to resolve them by agreement through discussion with the supplier. If resolution cannot be reached within a reasonable period, or technical in nature, the matter will typically be escalated to the procurement function, who will try to reach resolution by agreement through further discussion with the supplier. As necessary, appropriate further dispute resolution mechanisms provided for in the contract will be used (i.e. reference to mediation, arbitration or litigation).
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.
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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?
❌
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
JOHNSON MATTHEY PLC is an active Public limited Company
This legal designation indicates its structure for commercial operations within the UK market
The company, bearing company number 00033774, was incorporated on 11 April 1891
Its registered office is located in London at 5th Floor 2 Gresham Street, United Kingdom, EC2V 7AD
As a Public limited Company, organisations of this type in the UK market typically provide a diverse range of products and services across various commercial sectors
They are structured to engage in extensive business operations
