COLORMATRIX EUROPE LIMITED
Company Information
- Company Number
- 02780189
- Registered Address
- Units 9-11 Unity Grove, Knowsley Business Park, Knowsley, Merseyside, L34 9GT
- Status
- Active
- Employee Count
- 136
- Turnover
- £47,958,000
- EBITDA
- £9,574,000
Additional Details
- Website
- https://polyone.com
- Company Type
- Private limited Company
- Incorporated On
- 15 January 1993
- Nature of Business
- 20120 - Manufacture of dyes and pigments
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for COLORMATRIX EUROPE LIMITED to pay invoices has decreased from 25 days in the first period (Jan 2021 - Jun 2021) to 23 days in the second period (Jul 2023 - Dec 2023) and further decreased to 20 days in the third period (Jan 2024 - Jun 2024).
Volatility Analysis
The percentage of invoices paid within 30 days has increased from 75% in the first period to 78% in the second period and further increased to 82% in the third period. This shows a positive trend towards early payment.
Summary Analysis
The time taken for COLORMATRIX EUROPE LIMITED to pay invoices has shown a consistent decrease over the three periods, with an overall improvement of 5 days from the first period to the third period. Additionally, there has been a positive trend towards early payment, with an increase in the percentage of invoices paid within 30 days. The company has also shown an improvement in timely payment, with a decrease in the percentage of invoices paid between 31 and 60 days. The worst period in terms of late payments was the first period, with 5% of invoices being paid later than 60 days. However, this has improved in the subsequent periods with a decrease to 4% and 2% in the second and third periods, respectively.
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 | 08 Feb 2024 | 23 | 78% | 18% | 4% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 25 | 75% | 20% | 5% | 0% |
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
The Company negotiates and agrees payment terms with its third party suppliers as part of its procurement process and as a result payment terms vary by supplier. The most common payment terms entered into during the reporting period was 30 days from date of invoice. In the reporting period, the average payment time, based on number of payments made, was 23 days. The numbers presented above include payments to affiliate companies, with a standard payment term of net 15th following month of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The Company has prescheduled payment runs that are processed regularly for all approved invoices.
Maximum contractual payment period agreed
119
Dispute Resolution Process
ColorMatrix Europe Limited has a dedicated Accounts Payable helpdesk in the event of a dispute with a supplier that offers them support through to query resolution. This query can be raised via email at AP.GB.Inquiries@avient.com. If required, the query is then forwarded to the ColorMatrix Europe Limited contract monitor or requisitioner for further investigation.
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
COLORMATRIX EUROPE LIMITED is a company that specializes in the production and distribution of sustainable liquid colorants and additives for the plastic industry. The company is committed to promoting sustainability through its products and services.
Their sustainability program focuses on reducing environmental impact by using renewable resources, implementing recycling practices, and reducing energy consumption. They also prioritize ethical and responsible sourcing of materials and promote sustainable practices within their supply chain.
COLORMATRIX EUROPE LIMITED offers a wide range of colorants and additives that are formulated to be environmentally friendly and comply with industry standards. Their products are used in various applications such as packaging, automotive, and consumer goods.
The key people at COLORMATRIX EUROPE LIMITED include the managing director, sales and marketing director, and technical director, who have a wealth of experience in the industry. The company also has a team of dedicated professionals who work towards achieving their sustainability goals.
For any inquiries or information, COLORMATRIX EUROPE LIMITED can be contacted through their website, which also provides details on their products and services. The company's registered office address is located in Manchester, United Kingdom.
In summary, COLORMATRIX EUROPE LIMITED is a leading company in the production and distribution of sustainable colorants and additives for the plastic industry. With a strong commitment to sustainability and a dedicated team, the company continues to provide high-quality products and services while promoting environmentally responsible practices.
