| 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 2021 - 30 Jun 2021 | 28 Jul 2021 | 66 | 62% | 33% | 5% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The preferred PolyOne Payments terms for 3rd party vendors are the 5th day of the 4th month after the Invoice Date. Payment terms are outlined in contracts with suppliers. Where a contract is not negotiated, the payment terms will be clearly stated on the Purchase Orders (POs) sent to suppliers. Any changes to the payment terms would require a contract amendment.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We have prescheduled payment runs that are processed regularly for all cleared invoices
Maximum contractual payment period agreed
97
PolyOne Corporation UK 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 needed the query is then forwarded to the PolyOne Corporation UK Limited contract monitor or requisitioner for further investigation.
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
PolyOne Corporation UK Limited is a UK-registered manufacturing entity based in Knowsley, Merseyside, incorporated in 1995 and classified under other manufacturing. It forms part of the wider group now trading globally as Avient, following a rename from PolyOne. The group manufactures specialty polymers, advanced composites, colour and additive systems, and thermoplastic and polymer compounds supplied as materials for use in sectors including building and construction, healthcare, packaging, textiles, telecommunications and transportation. As the UK entity within this international group, its role relates to the group's polymer and compound manufacturing activities, though detailed UK-specific operations are not set out in the available evidence.
Generated from the company's website and Companies House records. Sources: polyone.com