U-POL LIMITED

PaymentCheck Score 2024
27Poor
0.7vs last year
#5211 in UK
#131 in Raw Materials And Intermediate Goods
#261 in East Midlands

Company Information

Company Number
00464919
Registered Address
U-Pol Tech Centre Denington Road, Denington Industrial Estate, Wellingborough, Northamptonshire, NN8 2QH
Status
Active
Employee Count
313
Turnover
£100,624,000
EBITDA
£14,719,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 February 1949
Nature of Business
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
20590 - Manufacture of other chemical products not elsewhere classified
Industries
Raw Materials And Intermediate Goods, Road Travel
Region
East Midlands

Time to Pay

Average Time to Pay
55 days
Shortest Period:7 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
11%
31-60 Days
49%
After 60 Days
40%
Not Paid Within Terms80%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202431 Jan 2025568%49%43%83%
01 Jan 2024 - 30 Jun 202430 Jul 20245511%49%40%80%
01 Jul 2023 - 31 Dec 202308 Feb 20245510%48%42%80%
01 Jul 2021 - 31 Dec 202128 Jan 2022569%47%44%86%
01 Jan 2020 - 30 Jun 202029 Jul 2020599%44%47%88%
01 Jan 2018 - 30 Jun 201830 Jul 2018539%59%32%93%

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

U-POL LTD STANDARD PAYMENT TERMS STATE:- Payment shall be made by the Buyer within 60 days from the end of the term within which the relevant Supplier's invoice was received Terms may however may be concluded by the supplier and these terms are generally from 30 to 90 days Payments are made electronically

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

Disputes are resolved by discussion and agreement with the supplier and are typically managed by the Finance team and Procurement team

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

U-POL LIMITED is a leading manufacturer and supplier of automotive refinishing products, industrial coatings, and adhesives. The company was founded in 1948 and is headquartered in Wellingborough, England.

Sustainability is a key focus for U-POL LIMITED, and they have implemented a comprehensive sustainability program to reduce their environmental impact. This includes using sustainable raw materials, reducing waste and emissions, and promoting energy-efficient practices. They are also committed to ethical and responsible business practices, ensuring the health and safety of their employees, and supporting local communities.

U-POL LIMITED offers a wide range of products and services to the automotive and industrial sectors. Their automotive refinishing products include primers, fillers, clearcoats, and other coatings for body repair and maintenance. Industrial coatings include protective coatings for metal, wood, and concrete surfaces. Their adhesives are used in various industries, including automotive, construction, and marine.

The key people at U-POL LIMITED include their Managing Director, David Woolley, who has been with the company for over 30 years, and their Technical Director, Craig Callender, who has extensive experience in the automotive coatings industry.

U-POL LIMITED can be contacted through their website, www.u-pol.com, where customers can find product information, technical support, and contact details for their offices and distributors worldwide. The company's registered office address is U-POL LIMITED, UNIT 1, HOLMES COURT, LONDON ROAD, WELLINGBOROUGH, NORTHAMPTONSHIRE, NN8 2QY, UNITED KINGDOM.

In conclusion, U-POL LIMITED is a leading manufacturer and supplier of automotive refinishing products, industrial coatings, and adhesives with a strong commitment to sustainability. With a wide range of products and a dedicated team, they continue to provide high-quality solutions to their customers while promoting responsible and ethical practices.

Financial Metrics

Cash
£12,223,000
Net Worth
£186,950,000
Total Current Assets
£228,260,000
Total Current Liabilities
£49,946,000

Company Location