Industry ranking
Over the past three periods (2018-2023), OMYA UK LIMITED has shown a steady increase in the average time taken to pay invoices. This is reflected in the data, with the average time to pay increasing from 36 days in 2018-2019 to 49 days in 2020-2023. Additionally, there has been a slight decrease in the percentage of invoices paid within 30 days, from 57% in 2018-2019 to 41% in 2023. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 31% in 2018-2019 to 43% in 2023. The percentage of invoices paid later than 60 days has also increased, from 12% in 2018-2019 to 17% in 2023.
The data for OMYA UK LIMITED shows a relatively stable pattern over the past three periods. While there have been some minor fluctuations in the percentages of invoices paid within different time frames, overall there has not been a significant amount of volatility in the company's payment practices.
OMYA UK LIMITED has shown a consistent increase in the average time taken to pay invoices over the past three periods. This is reflected in the data, with a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days and later than 60 days. The company's payment practices have also become slightly less consistent, with a decrease in the percentage of invoices paid within agreed terms. The shortest (or only) standard payment period has remained consistent at 30 days.
| 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 2024 - 30 Jun 2024 | 19 Aug 2024 | 48 | 45% | 41% | 14% | 30% |
| 01 Jul 2023 - 31 Dec 2023 | 06 Feb 2024 | 49 | 41% | 42% | 17% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | 48 | 42% | 43% | 15% | 32% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 51 | 32% | 50% | 18% | 45% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 58 | 34% | 46% | 20% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jun 2022 | 55 | 31% | 49% | 20% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 57 | 39% | 46% | 16% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 58 | 33% | 45% | 22% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 49 | 43% | 38% | 19% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Feb 2020 | 51 | 34% | 43% | 23% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 44 | 48% | 35% | 17% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 42 | 44% | 38% | 18% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | 36 | 57% | 31% | 12% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of our contracts are negotiated using "30 days end of month of invoice date". The shortest payment period is therefore entered as 30 days and the longest as 60 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
The attached terms and conditions apply to all purchases. The parties to the contract shall use reasonable commercial effort to settle any disputes arising out of or in connection with any purchase. https://www.omya.com/Documents/ENGLISH_GROUP_Terms_and_conditions.pdf
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Omya UK Limited is a chemical manufacturing company incorporated in 1947, registered under the SIC code for manufacture of other chemical products not elsewhere classified. It previously traded as Melbourn Whiting Company Limited, then Croxton & Garry, Croxton + Garry, and Omya Croxton + Garry Limited before becoming Omya UK Limited, reflecting its integration into the Omya group. The company holds freehold and leasehold property across East Riding of Yorkshire, Hartlepool and Derbyshire, indicating manufacturing or storage sites in these areas. It has a subsidiary, Solar Inks Ltd, and is registered as a data protection fee payer and licensed worker-visa sponsor. Its activities centre on producing chemical materials rather than finished consumer goods.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk