SOLVAY SOLUTIONS UK LIMITED
Company Information
- Company Number
- 00036833
- Registered Address
- Solvay, Trinity Street, Oldbury, West Midlands, England, B69 4LW
- Status
- Active
- Employee Count
- 148
- Turnover
- £37,658,000
- EBITDA
- -£8,131,000
Additional Details
- Website
- https://solvay.com
- Company Type
- Private limited Company
- Incorporated On
- 15 July 1892
- Nature of Business
- 20590 - Manufacture of other chemical products not elsewhere classified
- Industries
- Raw Materials And Intermediate Goods
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for SOLVAY SOLUTIONS UK LIMITED to pay invoices to suppliers has generally increased over the past three periods, with a slight decrease in the most recent period (2022-01-01 to 2022-06-30). The percentage of invoices paid within 30 days has remained relatively consistent, while the percentage of invoices paid between 31 and 60 days has decreased in the most recent period. However, there has been a significant increase in the percentage of invoices paid later than 60 days in the past two periods compared to the first two periods.
Volatility Analysis
The volatility of SOLVAY SOLUTIONS UK LIMITED's average time to pay has been relatively low, with only a 2-day difference between the shortest and longest periods. However, there has been some volatility in the percentage of invoices paid within 30 days, with a 12% difference between the highest and lowest periods. The percentage of invoices paid between 31 and 60 days has also shown some volatility, with a 9% difference between the highest and lowest periods.
Summary Analysis
The data shows that SOLVAY SOLUTIONS UK LIMITED has generally taken longer to pay invoices to suppliers over the past three periods, with the average time to pay increasing from 68 days to 92 days. However, there has been a slight improvement in the most recent period. The percentage of invoices paid within 30 days has remained consistent at around 6%, while the percentage of invoices paid between 31 and 60 days has decreased from 39% to 19%. The most concerning trend is the significant increase in the percentage of invoices paid later than 60 days, which has almost doubled from 56% to 64%. This suggests that the company may be struggling with their cash flow or facing other financial challenges. It is important for the company to address this issue and work towards paying their invoices in a timely manner to maintain good relationships with their suppliers.
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 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 92 | 17% | 19% | 64% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Jan 2022 | 93 | 6% | 23% | 71% | 14% |
| 01 Jan 2021 - 01 Jun 2021 | 22 Jul 2021 | 89 | 5% | 32% | 63% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 77 | 6% | 28% | 66% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 72 | 8% | 35% | 57% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 71 | 8% | 34% | 59% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 72 | 6% | 37% | 57% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 70 | 6% | 36% | 58% | 42% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 68 | 5% | 39% | 56% | 45% |
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
60 days from invoice issuance
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
The company has a dedicated accounts payable helpdesk that offers suppliers support through to query resolution. The team can be contacted by email or phone. There is also a supplier payment portal that allows suppliers to monitor and view all their account information
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.
❌
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
Company Summary
SOLVAY SOLUTIONS UK LIMITED is a leading chemical company based in the United Kingdom. They offer a wide range of sustainable solutions in various industries, including agriculture, automotive, cosmetics, and energy.
Their sustainability program is a key focus for the company, with a goal to reduce their environmental impact and promote responsible practices. This includes reducing carbon emissions, promoting renewable energy sources, and implementing sustainable production processes.
The company's products and services are known for their high quality and innovative approach. They offer a diverse range of chemicals and materials, such as specialty polymers, surfactants, and fluorine products, that are used in various applications.
The key people at SOLVAY SOLUTIONS UK LIMITED include their CEO, Jean-Pierre Clamadieu, and their Executive Committee, who are responsible for driving the company's growth and sustainability efforts.
For more information on their products, services, and sustainability program, interested individuals can visit their website at www.solvay.com. The registered office address for SOLVAY SOLUTIONS UK LIMITED is 70 Chancery Lane, London, WC2A 1AF, United Kingdom.
