HOUGHTON PLC
Company Information
- Company Number
- 00063827
- Registered Address
- Beacon Road, Trafford Park, Manchester, Lancashire, M17 1AF
- Status
- Active
- Employee Count
- 168
- Turnover
- £11,586,000
- EBITDA
- £1,477,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 October 1899
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Education
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
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 Jul 2019 - 31 Dec 2019 | 07 Feb 2020 | 54 | 12% | 58% | 29% | 91% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 53 | 11% | 61% | 29% | 93% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 36 | 20% | 62% | 18% | 88% |
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
Payment terms are determined by the Procurement Department. Our standard terms are 60 days but other terms can be negotiated
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
The Accounts Payable Department will query any disputed invoices with either the requestor of the goods/services or the Procurement Department. No invoices are processed as approved until all queries are resolved
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.
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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
HOUGHTON PLC is a multinational company that specializes in providing industrial fluids and services to a variety of industries, including automotive, aerospace, and steel. The company was founded in 1865 and is headquartered in London, UK.
As part of their commitment to sustainability, HOUGHTON PLC has a dedicated program in place that focuses on reducing their environmental impact, promoting ethical business practices, and supporting the communities in which they operate. This includes initiatives such as reducing greenhouse gas emissions, promoting responsible water usage, and implementing sustainable sourcing practices.
Their products and services include metalworking fluids, corrosion preventatives, cleaners, and specialty lubricants. These are designed to improve efficiency, productivity, and sustainability for their customers. HOUGHTON PLC also offers a range of technical support and consulting services to help their clients optimize their industrial processes.
The key people at HOUGHTON PLC include the CEO, Michael Shannon, and the Executive Vice President and Chief Financial Officer, Jason Newlin. The company has a global presence with operations in over 75 countries and employs over 4,000 people worldwide.
For more information on HOUGHTON PLC, including their sustainability program and products and services, interested parties can visit their website at www.houghtonintl.com. Their registered office address is located at Houghton House, Ditchling Common, Burgess Hill, West Sussex, RH15 0SJ, United Kingdom.
