A. SCHULMAN THERMOPLASTIC COMPOUNDS LIMITED
Company Information
- Company Number
- 01018237
- Registered Address
- 1 Kingsland Grange, Woolston, Warrington, Cheshire, England, WA1 4RA
- Status
- Active
- Employee Count
- 94
- Turnover
- £29,566,000
- EBITDA
- -£2,574,000
Additional Details
- Website
- https://aschulman.com
- Company Type
- Private limited Company
- Incorporated On
- 20 July 1971
- Nature of Business
- 20160 - Manufacture of plastics in primary forms
- Industries
- Raw Materials And Intermediate Goods
- Region
- North West
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 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 60 | 22% | 45% | 33% | 57% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 58 | 26% | 41% | 33% | 54% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 60 | 31% | 43% | 26% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 62 | 30% | 38% | 32% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 63 | 23% | 41% | 36% | 38% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 61 | 26% | 35% | 39% | 34% |
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
Payment terms are referred to in the conditions printed with all Purchase Orders and Outline Agreements known as the General Conditions of Purchase (GCP) which states “Payment shall be made within 60 days of the receipt of a properly compiled invoice unless otherwise agreed in writing with the Purchaser” Also referred to in Purchase Orders and Outline Agreements are the General Conditions of Contract (GCC), applicable to service contracts, which states “Basell will make a payment to the Contractor within 60 days of receipt of properly compiled invoice and following certification by Basell's Representative, such certification shall not unreasonably be withheld.” Below 60 days require special approval and is normally restricted to 30 days. On a few cases, the payment is due immediately.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
LyondellBasell's central Accounts Payable function is responsible for payment of invoices. All invoices are only processed for payment once there is clearance/approval in our internal systems based on delegation of authority. Common dispute items such as incorrect company name, error in amounts etc can be directly resolved by the Accounts Payable function. For others, the relevant department is involved to address the issues directly with the vendor. The latter are handled on case by case basis. The Purchase Orders are governed by English Law and the parties involved agree to submit to the jurisdiction of the English Courts.
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
A. Schulman Thermoplastic Compounds Limited is a leading global supplier of high-performance plastic compounds and resins. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote sustainable practices.
Their sustainability program includes efforts to reduce energy consumption, waste, and emissions, as well as promoting recycling and using renewable materials in their products. They also prioritize ethical and responsible sourcing of raw materials and have implemented programs to support their local communities.
The company offers a wide range of products and services, including custom and standard plastic compounds, color and additive masterbatches, as well as design and technical support for various industries such as automotive, consumer goods, and industrial applications.
Key people in the company include President and CEO, Heinrich Lingnau, and Chief Financial Officer, Gary A. Miller. The company's registered office address is located in Leicestershire, England. They also have a website (www.aschulman.com) where customers can find more information about their products, services, and sustainability efforts.
