VESUVIUS UK LIMITED

PaymentCheck Score 2024
38Poor
#4917 in UK
#137 in Manufacturing
#230 in East Midlands

Company Information

Company Number
00054713
Registered Address
1 Midland Way, Central Park, Barlborough Links, Derbyshire, S43 4XA
Status
Active
Employee Count
113
Turnover
£120,615,000
EBITDA
£7,784,000

Additional Details

Company Type
Private limited Company
Incorporated On
5 November 1897
Nature of Business
23200 - Manufacture of refractory products
Industries
Manufacturing, Raw Materials And Intermediate Goods
Region
East Midlands

Time to Pay

Average Time to Pay
61 days
Shortest Period:30 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
8%
31-60 Days
40%
After 60 Days
52%
Not Paid Within Terms10%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202416 Jul 2024618%40%52%10%
01 Jan 2022 - 30 Jun 202202 Aug 2022628%38%54%11%
01 Jul 2021 - 31 Dec 202128 Jan 2022629%38%53%10%
01 Jan 2021 - 30 Jun 202127 Jul 20216210%33%57%11%
01 Jul 2020 - 31 Dec 202031 Jan 20216210%33%57%11%
01 Jan 2019 - 30 Jun 201917 Jul 2019606%33%61%14%
01 Jan 2018 - 30 Jun 201831 Jul 2018622%34%64%21%

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

Vesuvius UK Limited has negotiated a range of payment terms with its suppliers ranging from 30 to 90 days. Invoices are paid in accordance with agreed terms and conditions, subject to compliance with those terms.

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

Dispute Resolution Process

Vesuvius UK Limited is committed to acting fairly and with integrity in its interactions with all its suppliers. The Accounts Payable team serves as the first point of contact in the dispute resolution process, they initially refer any issue to the relevant buyer. The relevant buyers are, in turn, supported by senior finance and legal staff as may be required in occasional circumstances.

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

VESUVIUS UK LIMITED is a leading provider of advanced materials and solutions for the global steel and foundry industries. The company's registered office is located in Derbyshire, England.

Their sustainability program focuses on reducing their environmental impact and promoting responsible business practices. This includes initiatives such as reducing carbon emissions, conserving natural resources, and promoting employee health and safety.

Their products and services include advanced refractory materials, engineering solutions, and technical services for steelmaking, ironmaking, and foundry applications. These products are designed to improve efficiency, reduce costs, and increase productivity for their customers.

The company is led by a team of experienced professionals, including CEO Patrick André, who has been with the company since 2015. The company also has a dedicated sustainability team that oversees the implementation of their sustainability program.

Potential customers and interested parties can visit the VESUVIUS UK LIMITED website for more information about their products, services, and sustainability efforts. The website also provides contact information for their various offices and facilities around the world.

Financial Metrics

Cash
£1,222,000
Net Worth
£78,126,000
Total Current Assets
£44,622,000
Total Current Liabilities
£13,798,000

Company Location