AFTON CHEMICAL LIMITED
Company Information
- Company Number
- 01213092
- Registered Address
- London Road, Bracknell, Berkshire, RG12 2UW
- Status
- Active
- Employee Count
- 222
- Turnover
- £700,043,000
- EBITDA
- £47,799,000
Additional Details
- Website
- https://aftonchemical.com
- Company Type
- Private limited Company
- Incorporated On
- 19 May 1975
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Coming Soon
- Region
- South East
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 Jan 2025 - 30 Jun 2025 | 29 Aug 2025 | 55 | 10% | 72% | 18% | 15% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 52 | 13% | 73% | 14% | 14% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 47 | 22% | 72% | 6% | 11% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 50 | 24% | 62% | 13% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 49 | 24% | 61% | 14% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 47 | 25% | 67% | 8% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 41 | 41% | 51% | 8% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 44 | 54% | 27% | 19% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 40 | 53% | 28% | 19% | 32% |
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
A payment policy is published internally for raw materials which seeks to maximize payment terms within all contracts, targeting payment days equivalent to 60 days net of invoice date. These terms are not limiting and a final agreed term is reached by negotiation and agreement with each supplier on a case by case basis. For vendors of Indirect materials and services (non-raw materials), standard payment terms are 60 days from date or invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
NA
Maximum contractual payment period agreed
90
Dispute Resolution Process
General business practice is as follows: • Purchase Orders or similar alternative methods of instruction are issued to suppliers reflecting agreed pricing and payment terms. • Goods or services are received by Afton. • Invoices are received by our Finance Department and matched to the values established above. • Where the Finance Department does not have a Purchase Order or other information with which to establish a match then internal approval will be sought. • Payments are made in accordance with the agreed payment terms measured from invoice date unless otherwise agreed. Disputes arise in the following circumstances: • Payment terms shown on the invoice vary from that which has been agreed. • The price quoted on the invoice varies from that contained on the Purchase Order or other form of instruction. • The quantity or volume invoiced varies from our receiving records by a degree greater than an internal tolerance. • Internal approval of the goods or services received is awaited. Resolution process: • The Finance Department will alert the Procurement Department, Receiving Department or internal approver of the dispute. • The alerted Department will review each on a case by case basis and then either; (a) make adjustments to the records in order to allow a match to be made, (b) give approval for payment to be made, (c) raise a dispute with the supplier. • In the case of (a) and (b) above then payment will proceed per general business practice shown above. In the case of (c) above then the invoice will be placed on payment hold awaiting either a credit note to resolve the variance or justification from the supplier with which Afton agrees, following which payment will proceed per general business practice By policy Afton seeks to pay in accordance with agreed terms and to resolve disputes as quickly as possible to minimize the likelihood of disruption to supplies. Suppliers may raise enquiries or concerns regarding payments directly with our Finance Department by phone or email.
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
AFTON CHEMICAL LIMITED is a leading global chemical company that specializes in developing innovative and sustainable solutions for the automotive, oil and gas, and industrial markets. Their products and services are focused on improving fuel efficiency, reducing emissions, and enhancing performance.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact. These include reducing waste, conserving energy, and using sustainable materials in their products.
AFTON CHEMICAL LIMITED offers a range of products and services, including fuel additives, lubricant additives, and industrial additives. Their products are designed to improve engine performance, reduce emissions, and extend the life of equipment.
The key people at AFTON CHEMICAL LIMITED include their CEO, Robert Shama, and their Chief Sustainability Officer, David H. Stein. Together, they lead a team of experts dedicated to finding sustainable solutions for their customers.
As a global company, AFTON CHEMICAL LIMITED has offices and facilities across the world. Their registered office address is Afton Chemical Corporation, 500 Spring St, Richmond, VA 23219, USA. Their website address is www.aftonchemical.com, where customers can find more information about their products and services, as well as contact information for their various locations.
