CYTEC ENGINEERED MATERIALS LIMITED
Company Information
- Company Number
- 02851421
- Registered Address
- Abenbury Way, Wrexham Industrial Estate, Wrexham, Clwyd, LL13 9UZ
- Status
- Active
- Employee Count
- 494
- Turnover
- £138,221,000
- EBITDA
- -£14,155,000
Additional Details
- Website
- https://solvay.com
- Company Type
- Private limited Company
- Incorporated On
- 8 September 1993
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Coming Soon
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for CYTEC ENGINEERED MATERIALS LIMITED to pay invoices has been increasing over the past three years, with a significant increase in 2020 and a slight decrease in 2021.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 18% and 36% over the past three years, with a slight decrease in 2021. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a decrease in 2020 and a slight increase in 2021. The percentage of invoices paid later than 60 days has shown the most volatility, with a significant increase in 2020 and a decrease in 2021.
Summary Analysis
In the period from Jan 2018 to Jun 2021, the average time taken for CYTEC ENGINEERED MATERIALS LIMITED to pay invoices has increased from 53 days to 72 days. The percentage of invoices paid within 30 days has fluctuated between 20% and 36%, with a slight decrease in 2021. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a decrease in 2020 and a slight increase in 2021. The worst period for CYTEC ENGINEERED MATERIALS LIMITED was in 2020 where 51% of invoices were paid later than 60 days.
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 2024 - 31 Dec 2024 | 21 Feb 2025 | 70 | 33% | 27% | 40% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 70 | 18% | 45% | 37% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 65 | 36% | 30% | 34% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 72 | 21% | 32% | 47% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 76 | 20% | 29% | 51% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 69 | 28% | 31% | 41% | 29% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 60 | 26% | 42% | 31% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 56 | 32% | 42% | 26% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 53 | 23% | 43% | 34% | 42% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 53 | 24% | 39% | 37% | 45% |
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
60 days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
The company has a dedicated accounts payable helpdesk that offers suppliers support through to query resolution. The team can be contacted by email or phone. There is also a supplier payment portal that allows suppliers to monitor and view all their account information
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
CYTEC ENGINEERED MATERIALS LIMITED is a UK-based company that specializes in providing advanced materials and technologies for various industries. The company is committed to sustainability and has implemented a robust sustainability program to reduce its environmental impact.
The company offers a wide range of products and services, including adhesives, resins, and composite materials, that are used in aerospace, automotive, and industrial applications. These products are known for their high performance and reliability, making them a preferred choice for many leading companies.
CYTEC ENGINEERED MATERIALS LIMITED has a team of highly skilled professionals who are dedicated to driving innovation and meeting customer needs. The company's key people include the CEO, Mark Bruso, and the Managing Director, Mark Norton. Their leadership and expertise have been instrumental in the company's success.
As part of its sustainability program, the company has set targets to reduce its energy consumption, waste generation, and greenhouse gas emissions. It also promotes recycling and uses sustainable materials in its production processes. Additionally, CYTEC ENGINEERED MATERIALS LIMITED has implemented initiatives to promote employee well-being and support local communities.
For more information on CYTEC ENGINEERED MATERIALS LIMITED and its products and services, you can visit their website at www.cytec.com. The company's registered office address is located at Cytec Industrial Materials, Cowley Business Park, High Street, Cowley, Uxbridge, Middlesex UB8 2AD, United Kingdom.
