CORNING LIMITED
Company Information
- Company Number
- 00173274
- Registered Address
- Elwy House, Lakeside Business Village, St Davids Park Ewloe, Flintshire, CH5 3XD
- Status
- Active
- Employee Count
- 62
- Turnover
- £95,531,000
- EBITDA
- £7,669,000
Additional Details
- Website
- https://corning.com
- Company Type
- Private limited Company
- Incorporated On
- 21 February 1921
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- Coming Soon
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 21 Jul 2025 | 73 | 24% | 11% | 65% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Jul 2024 | 54 | 27% | 21% | 52% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 53 | 22% | 33% | 45% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 52 | 29% | 24% | 47% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 45 | 37% | 32% | 31% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 54 | 10% | 40% | 50% | 29% |
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
Corning Limited's standard payment terms are 30 days for smaller suppliers and 60 days for larger suppliers from receipt of a valid invoice. Some suppliers have mutually agreed shorter payment terms. Corning intercompany suppliers are normally settled using a process available to authorised Corning participants on a predetermined date once per month. Standard payments terms between Corning companies of 90 days are extended to include any additional days until the regular monthly settlement process is completed.
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 first point of contact is the Accounts Payable team at Corning's EMEA Shared Services Centre. If a prompt resolution is not achieved, the dispute would be escalated to UK senior management.
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
CORNING LIMITED is a multinational company that specializes in the production of glass, ceramics, and related materials. The company was founded in 1851 and is headquartered in New York, United States.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. This includes the reduction of greenhouse gas emissions, water conservation, and waste management. CORNING LIMITED also strives to use renewable energy sources and has set a goal to reduce its energy consumption by 25% by 2025.
One of the company's key sustainability programs is the Green Building Program, where it focuses on constructing energy-efficient and environmentally friendly buildings. CORNING LIMITED has also received several awards for its sustainability efforts, including the US Environmental Protection Agency's Energy Star Partner of the Year award.
The company's main products include glass for consumer electronics, fiber optic cables, and ceramic substrates for automotive emissions control. These products are used in a wide range of industries, including telecommunications, automotive, and healthcare.
The key people at CORNING LIMITED include Wendell P. Weeks, the Chairman and CEO, who has been with the company since 1983. Other notable leaders include Tony Tripeny, the Executive Vice President and Chief Technical Officer, and R. Tony Tripeny, the Senior Vice President and Chief Financial Officer.
To contact CORNING LIMITED, individuals can visit their website at www.corning.com, where they can find information on their products and services, sustainability efforts, and company news. The registered office address for CORNING LIMITED in the UK is One New Ludgate, 60 Ludgate Hill, London, EC4M 7AW.
