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.
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.
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.
| 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 - 31 Dec 2025 | 09 Feb 2026 | 67 | 27% | 29% | 44% | 16% |
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month
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
120
The company has a dedicated accounts payable helpdesk that offers supplier 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
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Cytec Engineered Materials Limited is a UK-registered company based in Wrexham, incorporated in 1993. Companies House records its nature of business as other manufacturing not elsewhere classified. The company forms part of the Solvay group, an international chemicals business whose own materials describe it as producing essential chemicals such as soda ash, peroxides, silica, fluorine chemicals and rare earths for industries including automotive, electronics, healthcare and construction. No further detail on this specific UK entity's own products, output or operations at the Wrexham site is available from the supplied evidence beyond its registration and group membership.
Generated from the company's website and Companies House records. Sources: solvay.com · solvay.com