MILLIKEN INDUSTRIALS LIMITED
Company Information
- Company Number
- 00172105
- Registered Address
- Beech Hill Plant, Gidlow Lane, Wigan, Lancashire, WN6 8RN
- Status
- Active
- Employee Count
- 589
- Turnover
- £137,746,000
- EBITDA
- £10,413,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 17 December 1920
- Nature of Business
- 13931 - Manufacture of woven or tufted carpets and rugs
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for MILLIKEN INDUSTRIALS LIMITED to pay invoices has decreased over the past three periods, with a decrease of 2 days from 2017 to 2021.
Volatility Analysis
The company has shown a moderate level of volatility in their payment patterns, with a range of 6-10% for invoices paid within 30 days and 1-4% for invoices paid later than 60 days.
Summary Analysis
From 2017 to 2021, MILLIKEN INDUSTRIALS LIMITED has consistently paid invoices within an average of 33-35 days. The company has shown improvement in paying invoices within 30 days, increasing from 55% in 2017 to 75% in 2021. However, there has also been an increase in invoices paid later than 60 days, with a high of 60% in 2018-2019. The company has also consistently not paid invoices within agreed terms, with a range of 6-14%.
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 |
|---|---|---|---|---|---|---|
| 16 May 2022 - 27 Nov 2022 | 19 Mar 2024 | 24 | 75% | 20% | 5% | 7% |
| 29 Nov 2021 - 15 May 2022 | 14 Oct 2022 | 22 | 73% | 25% | 2% | 8% |
| 17 May 2021 - 28 Nov 2021 | 27 Apr 2022 | 27 | 75% | 25% | 0% | 14% |
| 30 Nov 2020 - 16 May 2021 | 07 Sept 2021 | 33 | 55% | 45% | 0% | 10% |
| 15 Jun 2020 - 29 Nov 2020 | 10 Mar 2021 | 33 | 54% | 45% | 1% | 6% |
| 02 Dec 2019 - 14 Jun 2020 | 09 Nov 2020 | |||||
| 02 Dec 2019 - 17 May 2020 | 09 Nov 2020 | 34 | 54% | 45% | 1% | 7% |
| 20 May 2019 - 01 Dec 2019 | 03 Feb 2020 | 34 | 58% | 39% | 3% | 6% |
| 03 Dec 2018 - 19 May 2019 | 21 Oct 2019 | 35 | 56% | 42% | 2% | 8% |
| 04 Jun 2018 - 02 Dec 2018 | 22 Jan 2019 | 35 | 59% | 37% | 4% | 8% |
| 04 Dec 2017 - 03 Jun 2018 | 22 Jun 2018 | 33 | 55% | 38% | 6% | 19% |
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
30 DAYS, 2% 14 DAYS
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
90
Dispute Resolution Process
INHOUSE LEGAL AND SOURCING
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
Milliken Industrials Limited is a leading global company that provides innovative and sustainable solutions for various industries. Their main focus is on creating products and services that are environmentally friendly and contribute to a better future.
The company's sustainability program is a key aspect of their operations, and they are committed to reducing their environmental impact through various initiatives. This includes using renewable energy sources, reducing waste production, and implementing sustainable manufacturing processes. They also prioritize the safety and well-being of their employees by providing a safe working environment and promoting a culture of diversity and inclusion.
Milliken Industrials Limited offers a wide range of products and services, including specialty chemicals, performance textiles, and floor coverings. Their products are used in various industries, such as automotive, healthcare, and construction, and are known for their high quality, durability, and sustainability.
The key people of Milliken Industrials Limited include their CEO, Halsey Cook, who has a strong background in sustainable business practices, and their Chief Sustainability Officer, Jennifer K. Ballinger, who leads the company's sustainability efforts. They are supported by a team of dedicated professionals who are committed to driving the company's success and promoting sustainability.
To learn more about Milliken Industrials Limited and their sustainability program, you can visit their website at www.milliken.com. Their registered office address is located at 1865 Lawrenceville-Suwanee Rd, Suwanee, GA 30024, United States. The company also has offices and facilities in various locations around the world, including the United Kingdom.
