COLORCON LIMITED
Company Information
- Company Number
- 00999077
- Registered Address
- Flagship House, Victory Way Crossways, Dartford Kent, DA2 6QD
- Status
- Active
- Employee Count
- 286.0
- Turnover
- 192596000.0
- EBITDA
- 66679000.0
Additional Details
- Website
- https://colorcon.com
- Company Type
- Private limited Company
- Incorporated On
- 7 January 1971
- Nature of Business
- 21100 - Manufacture of basic pharmaceutical products
- Industries
- 0
- Region
- South East
Company Location
Loading map...
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 | 30 Jan 2024 | 49 | 17% | 55% | 28% | 62% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 55 | 16% | 48% | 36% | 69% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 56 | 19% | 46% | 35% | 65% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Jul 2022 | 52 | 16% | 51% | 33% | 67% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 60 | 18% | 44% | 38% | 62% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Jul 2021 | 54 | 17% | 44% | 39% | 67% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 53 | 15% | 45% | 40% | 67% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 54 | 13% | 46% | 41% | 71% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 57 | 12% | 50% | 38% | 71% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 55 | 12% | 52% | 36% | 75% |
| 01 Jun 2018 - 31 Dec 2018 | 17 Jan 2019 | 59 | 11% | 49% | 40% | 69% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 58 | 13% | 41% | 46% | 68% |
Company Summary
COLORCON LIMITED is a global company that specializes in the development and manufacture of film coatings, modified release technologies, functional excipients, and tablet design services for the pharmaceutical industry
The company was founded in 1961 and is headquartered in Dartford, United Kingdom
The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact
This includes using renewable energy sources, reducing waste and emissions, and promoting sustainable sourcing practices
COLORCON LIMITED offers a wide range of products and services to its customers, including Opadry® film coatings, Nutrafinish® functional excipients, and tablet design solutions
These products and services are designed to improve the appearance, stability, and effectiveness of pharmaceutical products
The key people at COLORCON LIMITED include its CEO, Mark Robinson, and its Executive Vice President, Peter McDonald
They lead a team of experienced professionals who are committed to providing high-quality products and services to their customers
To get in touch with COLORCON LIMITED, customers can visit their website at www.colorcon.com or contact their registered office at Colorcon Limited, 121 Park Drive, Milton Park, Abingdon, Oxfordshire, OX14 4SE, United Kingdom
The company also has offices and manufacturing facilities in various countries around the world, providing global support to its customers
Company Review
Trend Analysis
The average time taken for COLORCON LIMITED to pay invoices has fluctuated between 49 and 60 days over the past three years. However, there has been a slight overall decrease in the average time to pay from 58 days in 2018 to 49 days in 2023. The percentage of invoices paid within 30 days has also increased from 13% in 2018 to 17% in 2023.
Volatility Analysis
The data for COLORCON LIMITED shows a moderate level of volatility in terms of the average time taken to pay invoices. There have been fluctuations of 8 days, with the shortest average time being 49 days and the longest being 57 days. However, the percentage of invoices paid within 30 days has remained relatively stable, with only a 4% difference between the highest and lowest values.
Summary Analysis
In the past three periods, COLORCON LIMITED has shown a slight improvement in their payment practices. The average time taken to pay invoices has decreased by 3 days, and the percentage of invoices paid within 30 days has increased by 4%. However, there has been an increase in the percentage of invoices paid later than 60 days, with the highest value being 46% in 2018 and the lowest being 28% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
UK Standard - Weekly payment run following 60 days after date of invoice.
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
120
Dispute Resolution Process
Should a supplier need to contact Colorcon’s accounts payable department, an email address is available on every purchase order the supplier receives or they may contact them via the Colorcon main switchboard. Direct dial numbers are also provided to suppliers as required for the Accounts Payable department and, in the event that the supplier needs to escalate the inquiry, the Financial Controller and the Finance Director. The accounts payable department aims to resolve issues as promptly as possible and, in any case, after no longer than 3 to 5 working days.
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
