VICTREX MANUFACTURING LIMITED
Company Information
- Company Number
- 02845018
- Registered Address
- Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire, FY5 4QD
- Status
- Active
- Employee Count
- 780
- Turnover
- £222,700,000
- EBITDA
- £56,800,000
Additional Details
- Website
- https://victrex.com
- Company Type
- Private limited Company
- Incorporated On
- 16 August 1993
- Nature of Business
- 20160 - Manufacture of plastics in primary forms
- Industries
- Coming Soon
- 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 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 40 | 52% | 37% | 11% | 35% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 32 | 71% | 24% | 5% | 22% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 30 | 78% | 18% | 4% | 19% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 30 | 79% | 17% | 4% | 18% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 30 | 79% | 17% | 5% | 19% |
| 01 Apr 2021 - 30 Sept 2021 | 27 Oct 2021 | 29 | 81% | 16% | 3% | 18% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 29 | 80% | 17% | 3% | 17% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 31 | 81% | 15% | 4% | 15% |
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
Standard contractual terms for goods and services is 60 days from invoice date. For intercompany accounts the standard contractual terms is 60 days
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
120
Dispute Resolution Process
The main point of contact for disputes is the Victrex Shared Service team, based at Victrex Technology Centre, Thornton Cleveleys, UK. When an invoice is disputed, the supplier will be notified directly at the earliest opportunity by either a member of the Shared Service team, or by the person who raised the purchase order. To resolve a dispute, the supplier is required to provide any missing information, a corrected invoice or a credit note. As communicated to suppliers, Victrex’s Purchase Order number must be quoted on all invoices to be paid.
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.
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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?
❌
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
VICTREX MANUFACTURING LIMITED is a global leader in the production of high-performance polymer solutions for various industries. The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact.
One of the key activities of VICTREX MANUFACTURING LIMITED is the production of PEEK (polyetheretherketone) polymer, which is known for its strength, durability, and chemical resistance. This material is used in a wide range of applications, including aerospace, automotive, medical, and electronics.
The company's sustainability program focuses on reducing its carbon footprint, promoting recycling and waste reduction, and ensuring the responsible sourcing of raw materials. VICTREX MANUFACTURING LIMITED has also set targets to reduce its energy consumption and water usage.
Leading the company is CEO Jakob Sigurdsson, who has over 15 years of experience in the polymer industry. The registered office address of VICTREX MANUFACTURING LIMITED is Hill House, 1 Little New Street, London, EC4A 3TR, United Kingdom.
Customers and stakeholders can find more information about the company, its products and services, and sustainability efforts on their website: www.victrexplc.com. VICTREX MANUFACTURING LIMITED is committed to providing innovative and sustainable solutions to its customers while minimizing its environmental impact.
