IMI KYNOCH LIMITED
Company Information
- Company Number
- 00713735
- Registered Address
- Lakeside Solihull Parkway, Birmingham Business Park, Birmingham, B37 7XZ
- Status
- Active
- Employee Count
- 115.0
- Turnover
- 53000000.0
- EBITDA
- 6500000.0
Additional Details
- Website
- https://imiplc.com
- Company Type
- Private limited Company
- Incorporated On
- 26 January 1962
- Nature of Business
- 70100 - Activities of head offices
- Industries
- 0
- Region
- West Midlands
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 | 01 Feb 2024 | 24 | 78% | 17% | 5% | 27% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 80% | 13% | 7% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 20 | 88% | 11% | 2% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 21 | 80% | 18% | 2% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 25 | 75% | 20% | 5% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 27 | 73% | 21% | 6% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 32 | 64% | 26% | 10% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 31 | 65% | 27% | 8% | 41% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 32 | 72% | 20% | 8% | 39% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 33 | 59% | 33% | 8% | 56% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 32 | 68% | 23% | 9% | 55% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 33 | 67% | 23% | 10% | 54% |
Company Summary
IMI Kynoch Limited is a British company that specializes in the production of explosives, chemicals, and munitions
Founded in 1862, the company has a long history of providing high-quality products and services to its customers
The company's sustainability program is a core part of their operations, with a commitment to reducing their environmental impact and promoting responsible business practices
This includes implementing energy-efficient processes, reducing waste, and promoting the use of sustainable materials in their products
IMI Kynoch Limited offers a wide range of products and services, including explosives for mining and construction, propellants and munitions for the military and law enforcement, and chemicals for industrial use
They also offer technical support and training services to ensure the safe and effective use of their products
The company is led by a team of experienced and dedicated professionals, including CEO Andy Reynolds Smith and Chairman Paul Lester
They are supported by a skilled workforce and a strong network of suppliers and partners
To learn more about IMI Kynoch Limited and their products and services, interested parties can visit their website at www.imikynoch.com
The company's registered office is located at IM House, 1 Moor End Road, Newtown, Birmingham, B6 7AU, United Kingdom
Company Review
Trend Analysis
The average time to pay for IMI KYNOCH LIMITED has been decreasing over the past three periods, with a drop from 33 days in 2018 to 24 days in 2023. The percentage of invoices paid within 30 days has also been consistently increasing, from 67% in 2018 to 78% in 2023.
Volatility Analysis
The volatility in the average time to pay for IMI KYNOCH LIMITED has been relatively low, with only a 3 day difference between the highest and lowest values in the past three periods. The volatility in the percentage of invoices paid within 30 days has also been low, with only a 6% difference between the highest and lowest values.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
All invoices are paid where possible in line with the supplier payment terms some of which are immediate. If this is not provided our standard payment terms of 30 days are used.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
W have different payment periods with different suppliers depending on the terms agreed upfront and then stated on the invoice.
Maximum contractual payment period agreed
60
Dispute Resolution Process
A central mailbox is managed daily. Any queries are followed up with the individual department heads and copy of invoices are obtained.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
