CLEVELAND POTASH LIMITED
Company Information
- Company Number
- 00915392
- Registered Address
- Boulby Mine, Loftus, Saltburn By The Sea, Cleveland, TS13 4UZ
- Status
- Active
- Employee Count
- 509
- Turnover
- £100,039,000
- EBITDA
- -£25,699,000
Additional Details
- Website
- https://pda.org.uk/
- Company Type
- Private limited Company
- Incorporated On
- 14 September 1967
- Nature of Business
- 08910 - Mining of chemical and fertiliser minerals
- Industries
- Property, Infrastructure And Construction, Raw Materials And Intermediate Goods
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for CLEVELAND POTASH LIMITED to pay invoices has remained relatively stable over the past three periods, with a slight increase from 26 days in the second period to 29 days in the third period. The percentage of invoices paid within 30 days has also remained consistent, ranging from 54% to 59%. However, there has been a noticeable decrease in the percentage of invoices paid later than 60 days, from 4% in the first period to 3% in the third period.
Volatility Analysis
The volatility of CLEVELAND POTASH LIMITED's invoice payment process has decreased over the past three periods, as evidenced by the decreasing percentage of invoices paid later than 60 days. This indicates that the company has improved their payment practices, resulting in more timely payments and a more stable payment process.
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 2019 - 30 Jun 2019 | 29 Jul 2019 | 29 | 54% | 43% | 3% | 60% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Feb 2019 | 26 | 59% | 40% | 1% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Sept 2018 | 29 | 55% | 40% | 4% | 42% |
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
30N2 30 days from invoice date. 2% discount with payment within 14 days B030 Net 30 days from Baseline date B045 Net 45 days from Baseline Date C015 Current month + 15 days C031 Current month + 31 days invoice date C061 Current month + 61 days invoice date N000 Immediately N007 Net 7 days from invoice date N015 Net 15 days from invoice date N030 Net 30 days from invoice date N045 Net 45 days from invoice date N060 Net 60 days from invoice date
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
180
Dispute Resolution Process
All disputes and complaints need to be submitted by the supplier to email address ehq_vendor_correspondence@icl-group.com Disputes and complaints can also be submitted by letter to our offices. Upon receipt of the message. Our accounts payable team will take action to resolve the matter within 5 business days A written response is only sent whenever an invoice is in query. If the dispute has been resolved prior to receiving communication from vendor. No response will be sent. The choice to respond to a communication is subject to the judgement of the staff from Cleveland Potash Limited.
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
CLEVELAND POTASH LIMITED is a UK-based company that specializes in the production and supply of potash fertilizer. The company operates a mining facility in North Yorkshire and is a subsidiary of ICL Group, a global manufacturer of specialty minerals and chemicals.
The company's main activity is the extraction of potash from underground mines, which are then processed into high-quality fertilizer products. These products are used in agriculture to improve crop yield and quality, as well as in other industries such as animal feed and water treatment.
CLEVELAND POTASH LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources, implementing efficient waste management practices, and promoting the responsible use of resources.
The company's key people include Managing Director Andrew Fulton and Operations Director John Fitzgerald, both of whom have extensive experience in the mining and chemical industries.
For more information on their products and services, customers can visit the company's website at www.clevelandpotash.com. The registered office address is Cleveland Potash Limited, Boulby Mine, Loftus, Saltburn-by-the-Sea, Cleveland, TS13 4UZ, United Kingdom.
In summary, CLEVELAND POTASH LIMITED is a leading producer of potash fertilizer in the UK, with a commitment to sustainability and responsible resource management. With their high-quality products and experienced team, the company is well-positioned to meet the growing demand for fertilizer in both domestic and international markets.
