LUBRIZOL LIMITED
Company Information
- Company Number
- 00775276
- Registered Address
- The Knowle, Nether Lane Hazelwood, Derby, Derbyshire, DE56 4AN
- Status
- Active
- Employee Count
- 499
- Turnover
- £216,428,000
- EBITDA
- £58,452,000
Additional Details
- Website
- https://lubrizol.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 September 1963
- Nature of Business
- 20590 - Manufacture of other chemical products not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 18 Jul 2024 | 25 | 67% | 28% | 6% | 28% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 21 | 76% | 22% | 2% | 31% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 21 | 77% | 21% | 2% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 21 | 76% | 23% | 1% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 22 | 77% | 22% | 1% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 29 | 63% | 36% | 1% | 26% |
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
Lubrizol Limited standard payment terms for purchases of goods and services are net 45 days from the date of invoice.
Were there any changes to the standard payment terms in the reporting period?
Standard terms have moved from End of month following month of invoice' to 'net 45' this has moved from an average of 45 days to a standard of 45 days
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any dispute will involve ascertaining the facts and primary issue, the implementing a resolution that is mutually acceptable, if required.
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
LUBRIZOL LIMITED is a British-based chemical company that specializes in producing and supplying specialty chemicals for various industries. The company was founded in 1928 and has its registered office at Salters Lane, Middlewich, Cheshire, CW10 0HQ.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. This includes investing in renewable energy sources, reducing greenhouse gas emissions, and promoting sustainable practices throughout its operations.
LUBRIZOL LIMITED offers a wide range of products and services, including lubricants, fuel additives, industrial fluids, and coatings. These products are used in industries such as transportation, construction, and consumer goods.
The company's key people include Eric R. Schnur, the Chairman, President, and CEO, and Barbara K. Lundberg, the Vice President and Chief Sustainability Officer.
LUBRIZOL LIMITED can be contacted through their website, which provides information on their products, services, and sustainability efforts. The company also has a global presence and can be reached through their various offices and distributors around the world.
In summary, LUBRIZOL LIMITED is a leading chemical company with a strong focus on sustainability. Their products and services cater to various industries and their commitment to reducing their environmental impact sets them apart in the market. With a dedicated team and a global presence, the company continues to strive towards a more sustainable future.
