Industry ranking
| 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 2025 - 31 Dec 2025 | 03 Feb 2026 | 48 | 22% | 65% | 13% | 12% |
| 01 Jan 2025 - 30 Jun 2025 | 02 Sept 2025 | 46 | 28% | 62% | 10% | 13% |
| 01 Jul 2024 - 31 Dec 2024 | 04 Mar 2025 | 47 | 28% | 60% | 12% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 21 Aug 2024 | 47 | 23% | 64% | 13% | 13% |
| 01 Jul 2023 - 31 Dec 2023 | 21 May 2024 | 46 | 33% | 57% | 10% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Oct 2023 | 49 | 28% | 59% | 13% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None
Maximum contractual payment period agreed
90
Issues are initially raised with Accounts Payable in relation to pricing, quantity, timing, or quality. The appropriate department will then be notified of any issues and they will work to resolve the issue.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Libra Speciality Chemicals Limited, registered as Libra Speciality Chemicals Limited and trading as Libra Speciality Chemicals, manufactures surfactants and speciality industrial chemicals in Manchester and distributes them globally. Its products, including betaines, amine oxides, alkanolamides and alkyl polyglucosides, supply formulators in personal care, household and institutional cleaning, agriculture, oil and gas, and other industrial sectors. The company also offers contract and toll manufacturing, using UK reaction facilities, chemical mixing vessels and bulk storage. It holds various quality, environmental and safety accreditations including ISO 9001, ISO 14001 and ISO 45001. The company has operated since 1971, describing over 50 years of chemical manufacturing experience serving industrial customers in the UK and internationally.
Generated from the company's website and Companies House records. Sources: librachem.co.uk · librachem.co.uk · librachem.co.uk