JOTUN PAINTS (EUROPE) LIMITED

Company Information

Company Number
00925019
Registered Address
Jotun Paints (Europe) Ltd, Stather Road, Flixborough, Scunthorpe, North Lincs, DN15 8RR
Status
Active
Employee Count
252
Turnover
£182,354,000
EBITDA
£18,296,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 December 1967
Nature of Business
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
Industries
Raw Materials And Intermediate Goods
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
26 days
Shortest Period:14 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
72%
31-60 Days
23%
After 60 Days
5%
Not Paid Within Terms30%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-12-10
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2018 - 31 Dec 201830 Jul 20192773%22%5%41%
01 Jan 2018 - 30 Jun 201827 Jul 20182966%30%4%41%

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

standard payment terms are invoicing month plus 30 or 60 days depending upon supply type. These can vary.

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

120

Dispute Resolution Process

Complaints or concerns are managed by our Purchasing and Accounts Payable teams

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

Jotun Paints (Europe) Limited is a leading manufacturer and supplier of high-quality paints and coatings based in Norway. They have a strong presence in Europe and are committed to sustainability and environmental responsibility.

The company's sustainability program focuses on reducing their carbon footprint, promoting eco-friendly practices, and using sustainable materials in their products. They have also implemented waste reduction and recycling initiatives in their production process.

Jotun Paints offers a wide range of products and services including decorative paints, protective coatings, and marine coatings. Their products are known for their durability, quality, and innovative technology.

The key people at Jotun Paints include their CEO, Morten Fon, who oversees the company's operations and strategic vision. The company also has a team of experienced and dedicated employees who work towards achieving their sustainability goals.

Customers can contact Jotun Paints through their website, which also provides information on their products, services, and sustainability efforts. The registered office address for Jotun Paints (Europe) Limited is located in Sandefjord, Norway.

In conclusion, Jotun Paints (Europe) Limited is a reputable company that prioritizes sustainability and offers high-quality paints and coatings to their customers. With their commitment to environmental responsibility and innovative products, they continue to be a leader in the industry.

Financial Metrics

Cash
£0
Net Worth
£30,698,000
Total Current Assets
£72,141,000
Total Current Liabilities
£43,125,000

Company Location