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 Nov 2023 - 30 Apr 2024 | 19 Aug 2024 | 39 | 43% | 40% | 17% | 39% |
| 01 May 2023 - 31 Oct 2023 | 19 Aug 2024 | 46 | 33% | 46% | 21% | 58% |
| 01 Nov 2022 - 30 Apr 2023 | 19 Aug 2024 | 46 | 35% | 42% | 23% | 67% |
| 01 May 2022 - 31 Oct 2022 | 15 Dec 2022 | 48 | 34% | 36% | 30% | 62% |
| 01 Nov 2021 - 30 Apr 2022 | 09 Jun 2022 | 51 | 37% | 34% | 29% | 65% |
| 01 May 2019 - 31 Oct 2019 | 21 Nov 2019 | 40 | 50% | 38% | 12% | 21% |
| 01 Nov 2018 - 30 Apr 2019 | 13 May 2019 | 36 | 52% | 38% | 10% | 24% |
| 01 May 2018 - 31 Oct 2018 | 27 Nov 2018 | 32 | 57% | 34% | 9% | 21% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 29 | 58% | 33% | 9% | 21% |
| 01 May 2017 - 31 Oct 2017 | 28 Nov 2017 | 32 | 57% | 34% | 9% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Net 30 days monthly
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
90
Contact supplier promptly to resolve any discrepancies
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Surfachem Limited is associated with the Surfachem business, an international distributor of speciality chemical ingredients such as surfactants, emulsifiers, rheology modifiers and active ingredients. Operating on behalf of major manufacturers including Shell, Stepan, Lubrizol, Evonik and Solvay, it supplies sectors such as personal care, home and industrial care, and pharmaceuticals and nutraceuticals. The business, part of the 2M Group, was established in 1981 and has since expanded internationally with operations across Europe. It provides technical expertise, formulation support and logistical services to customers worldwide, alongside distribution of a wide portfolio of chemical ingredients, rather than manufacturing products itself.
Generated from the company's website and Companies House records. Sources: surfachem.co.uk · surfachem.co.uk