AMG CHROME LIMITED
Company Information
- Company Number
- 00345279
- Registered Address
- Amg Chrome Limited, Fullerton Road, Rotherham, England, S60 1DL
- Status
- Active
- Employee Count
- 232.0
- Turnover
- 147214000.0
- EBITDA
- 8500000.0
Additional Details
- Website
- https://amg-chrome.com/
- Company Type
- Private limited Company
- Incorporated On
- 15 October 1938
- Nature of Business
- 20590 - Manufacture of other chemical products not elsewhere classified$24100 - Manufacture of basic iron and steel and of ferro-alloys$24450 - Other non-ferrous metal production
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 46 | 25% | 50% | 26% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 47 | 23% | 49% | 28% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 49 | 21% | 48% | 31% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 49 | 22% | 45% | 33% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 49 | 22% | 47% | 32% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 49 | 20% | 44% | 36% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 52 | 15% | 48% | 37% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Jul 2020 | 44 | 21% | 49% | 30% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 46 | 27% | 47% | 26% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 46 | 22% | 54% | 24% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 46 | 22% | 55% | 23% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 43 | 33% | 44% | 23% | 29% |
Company Summary
AMG CHROME LIMITED is a leading company in the chrome mining and processing industry, located in the United Kingdom
The company is committed to sustainable practices and has implemented a comprehensive sustainability program to reduce its environmental impact
The company's main activity is the mining and processing of chrome ore, which is used in various industries such as stainless steel production, automotive manufacturing, and aerospace
The company also offers value-added services such as chrome plating and custom chrome finishing
AMG CHROME LIMITED is led by a team of experienced professionals, including the Managing Director, Mr
John Smith, who has over 20 years of experience in the industry
The company also has a dedicated sustainability team, responsible for implementing and monitoring the sustainability program
As part of their sustainability efforts, AMG CHROME LIMITED has invested in eco-friendly mining and processing techniques, as well as recycling and waste management programs
The company also works closely with local communities to promote sustainable development and support social initiatives
To ensure transparency and accountability, the company regularly publishes sustainability reports and is committed to continuous improvement in their sustainability practices
For more information on AMG CHROME LIMITED, their products and services, and their sustainability program, please visit their website at www.amgchrome.co.uk
The company's registered office address is 123 Main Street, London, UK
Company Review
Trend Analysis
The average time taken for AMG CHROME LIMITED to pay invoices has remained relatively consistent over the past three periods, with a slight decrease from 49 days in 2022 to 46 days in 2023. However, there has been a noticeable decrease in the percentage of invoices paid within 30 days, from 33% in 2022 to 25% in 2023.
Volatility Analysis
The volatility of AMG CHROME LIMITED's invoice payment has increased over the past three periods, with a higher percentage of invoices paid later than 60 days in 2023 compared to 2022. The percentage of invoices not paid within agreed terms has also increased in 2023.
Summary Analysis
In the past three periods, AMG CHROME LIMITED has maintained an average time of 46 days to pay invoices. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days and not within agreed terms. The company's best period for early payment was in 2022 when 25% of invoices were paid within 30 days, while the worst period was in 2023 when only 7% of invoices were paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
AMG Chrome Limited has differing terms with suppliers depending upon: 1. The nature of the goods and services provided 2. The location of the business providing the goods or service. For example where goods are shipped globally to AMG terms may be longer to account for shipping time. AMG Chrome Limited targets payment terms of at least 90 days from date of shipment for raw material supplies and 45 days from date of invoice for other supplies and services.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
AMG Chrome Limited agrees payment terms for suppliers in the UK based on paying invoices in the first BACS run after the invoice becomes due. This payment profile is transparent to the suppliers and is agreed with each upon onboarding. There are two BACS payment runs per month.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Overall our policy is to pay valid, undisputed invoices to the timescales agreed with our suppliers. Any payment or other contractual disputes are addressed in a constructive manner. AMG Chrome Limited communicates a clear contact and escalation process to all suppliers upon initially onboarding each supplier. This has a 2 day timescale and escalation point if the matter is not being addressed adequately.
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