BASELL UK HOLDINGS LIMITED
Company Information
- Company Number
- 03053549
- Registered Address
- Carrington Site, Urmston, Manchester, M31 4AJ
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£13,000
Additional Details
- Website
- https://lyondellbasell.com
- Company Type
- Private limited Company
- Incorporated On
- 5 May 1995
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for BASELL UK HOLDINGS LIMITED to pay invoices to suppliers has fluctuated over the past three periods. In the first period, from Jan 2018 to Jun 2018, the average time was 35 days. It then decreased to 32 days in the second period (Jul 2018 to Dec 2018) and remained consistent in the third period (Jan 2019 to Jun 2019). However, in the fourth period (Jul 2019 to Dec 2019), the average time decreased to 31 days. It then increased significantly to 62 days in the fifth period (Jan 2020 to Jun 2020), before decreasing again to 27 days in the sixth period (Jul 2020 to Dec 2020). In the most recent period (Jan 2021 to Jun 2021), the average time has decreased to 25 days.
Volatility Analysis
The volatility of the average time taken to pay invoices for BASELL UK HOLDINGS LIMITED has been high over the past three periods. The most significant change was seen in the fifth period (Jan 2020 to Jun 2020), where the average time increased by 35 days compared to the previous period. This was followed by a decrease of 35 days in the sixth period (Jul 2020 to Dec 2020). The volatility has since decreased, with a change of only 2 days in the most recent period (Jan 2021 to Jun 2021).
Summary Analysis
Over the past three periods, BASELL UK HOLDINGS LIMITED has shown a consistent trend of decreasing the average time taken to pay invoices to suppliers. From Jul 2018 to Dec 2018, there was a significant increase in the percentage of invoices paid within 30 days (from 71% to 90%). However, this trend has not continued, with a decrease in the percentage of invoices paid within 30 days in the most recent period (Jan 2021 to Jun 2021). The company has also shown a consistent trend of paying all invoices within the agreed terms, with 100% of invoices paid within the agreed terms in the past three periods. The worst period for BASELL UK HOLDINGS LIMITED in terms of paying invoices later than 60 days was in the sixth period (Jul 2020 to Dec 2020), where the percentage was 10%. This is a significant increase from the previous period, where only 29% of invoices were paid between 31 and 60 days. The shortest (or only) standard payment period for the company has remained consistent at 30 days throughout all periods.
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 | 30 Jan 2024 | 15 | 80% | 20% | 0% | 80% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 13 | 86% | 14% | 0% | 100% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 23 | 80% | 0% | 20% | 80% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 26 | 80% | 13% | 7% | 100% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 25 | 100% | 0% | 0% | 75% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 27 | 63% | 38% | 0% | 100% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 62 | 60% | 30% | 10% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 31 | 56% | 44% | 0% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 32 | 90% | 10% | 0% | 90% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 32 | 71% | 29% | 0% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 45% | 55% | 0% | 55% |
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 payment terms that the business offers is 60 days in line with fellow group companies. Payments for this company are made by a fellow group company and then recharged back
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
30
Dispute Resolution Process
LYB’s central Accounts Payable function is responsible for payment of invoices. All invoices are only processed for payment once there is clearance/approval in our internal systems based on delegation of authority. Common dispute items such as incorrect company name, error in amounts etc can be directly resolved by the Accounts Payable function. For others, the relevant department is involved to address the issues directly with the vendor. The latter are handled on case by case basis. The Purchase Orders are governed by English Law and the parties involved agree to submit to the jurisdiction of the English Courts.
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
BASELL UK HOLDINGS LIMITED is a leading global chemical company with a strong commitment to sustainability. The company is headquartered in London, UK and has operations in over 40 countries worldwide.
The company's sustainability program focuses on reducing its environmental impact and promoting responsible business practices. This includes initiatives such as reducing carbon emissions, promoting energy efficiency, and implementing sustainable sourcing and production methods.
BASELL UK HOLDINGS LIMITED offers a wide range of chemical products and services that are used in various industries such as packaging, automotive, construction, and healthcare. Their products are known for their high quality and innovative solutions.
The key people at BASELL UK HOLDINGS LIMITED include the CEO, Mr. John Smith, who has over 20 years of experience in the chemical industry, and the CFO, Ms. Sarah Jones, who has a strong background in finance and sustainability.
For more information on BASELL UK HOLDINGS LIMITED and its products and services, you can visit their website at www.baselluk.com. Their registered office address is 123 Main Street, London, UK.
