IMERYS MINERALS LIMITED
Company Information
- Company Number
- 00269255
- Registered Address
- Par Moor Centre, Par Moor Road, Par, Cornwall, PL24 2SQ
- Status
- Active
- Employee Count
- 954
- Turnover
- £185,072,000
- EBITDA
- -£4,402,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 October 1932
- Nature of Business
- 08120 - Operation of gravel and sand pits; mining of clays and kaolin
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for IMERYS MINERALS LIMITED to pay invoices has decreased over the past three periods, from 57 days in the first half of 2018 to 35 days in the first half of 2019. This shows an overall improvement in the company's efficiency in paying invoices.
Volatility Analysis
The volatility in the company's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days. In the first half of 2018, only 10% of invoices were paid within 30 days, but this increased to 43% in the first half of 2019. This shows a significant improvement in the company's ability to pay invoices on time.
Summary Analysis
In the first half of 2018, IMERYS MINERALS LIMITED had an average time to pay of 57 days, with only 10% of invoices paid within 30 days and 43% of invoices paid later than 60 days. However, the company showed improvement in the second half of 2018, with an average time to pay of 46 days and 26% of invoices paid within 30 days. The most recent period, first half of 2019, saw further improvement with an average time to pay of 35 days and 43% of invoices paid within 30 days. The company's best performance was in the first half of 2019, with 43% of invoices paid within 30 days and only 24% paid later than 60 days.
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 2019 - 30 Jun 2019 | 25 Jul 2019 | 35 | 43% | 33% | 24% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 46 | 26% | 41% | 33% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 57 | 10% | 47% | 43% | 51% |
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
The standard payment term for qualifying shipping/logistics contracts is "End of the month +1 on the 1st" following submission of a correctly rendered invoice. Invoices are paid between 30 and 60 days depending upon invoice date. For example, all invoices dated in February will be paid on 1st April. The standard payment term for qualifying contracts is "End of the month +2 on the 1st" following submission of a correctly rendered invoice. This means that invoices are paid between 60 and 90 days depending upon the invoice date. For example all invoices dated in February will be paid on 1st May.
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
We aim to proactively resolve disputes prior to the agreed payment due date. In the first instance contact is with the accounts payable team, and if required escalation is with the purchasing department. All suppliers are provided with the relevant contact details. There are no instances where litigation or legal proceedings have been required.
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.
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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.
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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
IMERYS MINERALS LIMITED is a global company that specializes in the production and distribution of mineral-based products. The company has a strong commitment to sustainability and strives to minimize its environmental impact through responsible sourcing, reducing emissions, and promoting circular economy practices.
The company offers a wide range of products for various industries, including ceramics, construction, paper, and plastics. These products are made from natural minerals such as kaolin, calcium carbonate, and talc, which are known for their unique properties and versatility.
IMERYS MINERALS LIMITED is led by a team of experienced and dedicated individuals, including CEO Alessandro Dazza and Chairman Patrick Kron. The company has a global presence with operations in over 50 countries and employs more than 17,000 people.
In addition to its commitment to sustainability, IMERYS MINERALS LIMITED also prioritizes health and safety, innovation, and diversity and inclusion. The company has various initiatives in place to promote these values, such as employee training programs and partnerships with local communities.
To learn more about IMERYS MINERALS LIMITED and its products and services, visit their website at www.imerys.com. The registered office address for the company is at 2nd Floor, Hanover House, 30 Charlotte Street, London W1T 2NG, United Kingdom.
