A SCHULMAN INC LIMITED
Company Details
Registration Number
00512225
Registered Address
Croespenmaen Industrial Estate East Maes-Yr-Haf Lane Crumlin Newport Wales NP11 3AF
Company Status
Active
Employee Count
89
Turnover
£38,766,000
EBITDA
£-1,362,000
Additional Information
Website
aschulman.comCompany Type
Private limited Company
Incorporated on
11 October 1952
Nature of Business (SIC)
22290 - Manufacture of other plastic products
Industries
0
Region
WalesCompany Location
Financial Overview
£0
£28,452,000
Last Reporting Period
Filed
29 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
78 days
Payment Periods
Shortest
30 days
Longest
90 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
49%
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 | 29 Jan 2024 | 78 | 23% | 39% | 38% | 49% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 61 | 29% | 44% | 27% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 67 | 27% | 39% | 34% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 60 | 27% | 40% | 33% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 60 | 26% | 42% | 32% | 28% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 44 | 36% | 36% | 28% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 49 | 45% | 26% | 29% | 27% |
| 01 Sep 2019 - 28 Feb 2020 | 06 Mar 2020 | 33 | 97% | 2% | 1% | 20% |
| 01 Mar 2019 - 31 Aug 2019 | 06 Sep 2019 | 35 | 51% | 34% | 15% | 12% |
| 01 Sep 2018 - 28 Feb 2019 | 09 Aug 2019 | 33 | 57% | 29% | 14% | 4% |
| 01 Mar 2018 - 31 Aug 2018 | 09 Aug 2019 | 36 | 48% | 35% | 17% | 18% |
Company Summary
A
Schulman Inc
Limited is a global supplier of high-performance plastic compounds, resins, and services
The company is committed to sustainability and has implemented various initiatives and programs to minimize its environmental impact
Their sustainability program includes reducing waste and emissions, increasing energy efficiency, and promoting sustainable sourcing and production practices
They also have a robust recycling program for their products and packaging materials
A
Schulman Inc
Limited offers a wide range of products and services, including engineered composites, color and additive masterbatches, and custom performance colors
These products are used in various industries such as automotive, packaging, consumer goods, and more
The company is led by a team of experienced professionals, including Joseph M
Gingo as Chairman, Bernard Rzepka as President and CEO, and Gustavo Perez as Vice Chairman and Chief Operating Officer
Their website address is www.aschulman.com, where customers can find more information about their products and services, sustainability efforts, and contact details
The registered office address is A
Schulman Inc
Limited, 38- 39 South Street, St
Neots, Cambridgeshire, PE19 2BH, United Kingdom
In conclusion, A
Schulman Inc
Limited is a leading global supplier of high-performance plastic compounds and services, with a strong focus on sustainability
Their commitment to sustainable practices, wide range of products, and experienced leadership team make them a trusted and reliable partner for businesses around the world
Company Review
Trend Analysis
The average time taken for A. SCHULMAN INC. LIMITED to pay invoices has fluctuated over the past three periods. It decreased from 36 days in the first period (Mar 2018-Aug 2018) to 33 days in the second period (Sep 2018-Feb 2019), then increased to 35 days in the third period (Mar 2019-Aug 2019), before decreasing again to 33 days in the most recent period (Sep 2019-Feb 2020). However, in the last three periods, the company has consistently taken longer to pay invoices, with an average time of 49 days in the fifth period (Jul 2020-Dec 2020), 44 days in the sixth period (Jan 2021-Jun 2021), and 60 days in the seventh period (Jul 2021-Dec 2021).
Volatility Analysis
The company's payment patterns have also been volatile over the past three periods. In the first period, 48% of invoices were paid within 30 days, while 35% were paid between 31-60 days and 17% were paid later than 60 days. In the second period, the percentage of invoices paid within 30 days increased to 57%, while the percentage of invoices paid between 31-60 days decreased to 29% and the percentage of invoices paid later than 60 days decreased to 14%. The third period saw a slight increase in the percentage of invoices paid within 30 days (51%), while the percentage of invoices paid between 31-60 days remained the same (34%) and the percentage of invoices paid later than 60 days increased to 15%. However, in the most recent period, there was a significant decrease in the percentage of invoices paid within 30 days (97%), while the percentage of invoices paid between 31-60 days decreased to 2% and the percentage of invoices paid later than 60 days increased to 1%.
Summary Analysis
In the past three periods, A. SCHULMAN INC. LIMITED has consistently taken longer to pay invoices, with an average time of 49 days in the fifth period, 44 days in the sixth period, and 60 days in the seventh period. The company's payment patterns have also been volatile, with a significant decrease in the percentage of invoices paid within 30 days in the most recent period. This could be a cause for concern, as it may indicate potential cash flow issues or difficulties in managing payments to suppliers. However, it should be noted that in the most recent period, the company had the highest percentage of invoices paid within 30 days (97%) compared to all previous periods, which could be seen as a positive change towards early payment. The worst period for the company in terms of invoices paid later than 60 days was the third period (Jul 2023-Dec 2023), with 38% of invoices paid late.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are referred to in the conditions printed with all Purchase Orders and Outline Agreements known as the General Conditions of Purchase (GCP) which states “Payment shall be made within 60 days of the receipt of a properly compiled invoice unless otherwise agreed in writing with the Purchaser” Also referred to in Purchase Orders and Outline Agreements are the General Conditions of Contract (GCC), applicable to service contracts, which states “Basell will make a payment to the Contractor within 60 days of receipt of properly compiled invoice and following certification by Basell's Representative, such certification shall not unreasonably be withheld.” Below 60 days require special approval and is normally restricted to 30 days. On a few cases, the payment is due immediately.
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
LyondellBasell's central Accounts Payable function is responsible for payment of invoices. All invoices are only processed for payment once there is clearance/approval in our internal systems based on delegation of authority. Common dispute items such as incorrect company name, error in amounts etc can be directly resolved by the Accounts Payable function. For others, the relevant department is involved to address the issues directly with the vendor. The latter are handled on case by case basis. The Purchase Orders are governed by English Law and the parties involved agree to submit to the jurisdiction of the English Courts.
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.
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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?
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