A. SCHULMAN GAINSBOROUGH LTD
Company Information
- Company Number
- 03261137
- Registered Address
- Sandars Road, Heapham Road Industrial, Gainsborough, Lincolnshire, DN21 1RZ
- Status
- Active
- Employee Count
- 54
- Turnover
- £21,036,000
- EBITDA
- -£19,522,000
Additional Details
- Website
- https://aschulman.com
- Company Type
- Private limited Company
- Incorporated On
- 9 October 1996
- Nature of Business
- 22290 - Manufacture of other plastic products
- Industries
- Raw Materials And Intermediate Goods
- Region
- East Midlands
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 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 49 | 32% | 44% | 24% | 50% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 49 | 32% | 44% | 24% | 51% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 57 | 39% | 46% | 15% | 30% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 86 | 39% | 37% | 24% | 35% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 59 | 40% | 34% | 26% | 39% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 56 | 39% | 31% | 30% | 38% |
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
Payment terms are referred to in the conditions printed with all Purchase Orders and Outline Agreements known as the General Conditions of Purchase (GCP) which states “Payment shall be made within 60 days of the receipt of a properly compiled invoice unless otherwise agreed in writing with the Purchaser” Also referred to in Purchase Orders and Outline Agreements are the General Conditions of Contract (GCC), applicable to service contracts, which states “Basell will make a payment to the Contractor within 60 days of receipt of properly compiled invoice and following certification by Basell's Representative, such certification shall not unreasonably be withheld.” Below 60 days require special approval and is normally restricted to 30 days. On a few cases, the payment is due immediately.
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
90
Dispute Resolution Process
LyondellBasell'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
A. Schulman Gainsborough Ltd is a UK-based company that specializes in the production and distribution of high-performance plastic compounds, resins, and masterbatch solutions. The company has a strong focus on sustainability and is committed to reducing its environmental impact through various initiatives.
Their sustainability program includes initiatives such as reducing energy consumption, minimizing waste, and promoting the use of recyclable materials in their products. They also work closely with their suppliers to ensure responsible sourcing of raw materials.
The company offers a wide range of products and services, including custom-formulated plastic compounds for various industries such as automotive, packaging, and consumer goods. They also provide technical support and expertise to help customers find the best solutions for their specific needs.
The key people at A. Schulman Gainsborough Ltd include the Managing Director, Mr. David Bingham, and the Operations Director, Mr. Mike Horsfall. Both have extensive experience in the plastics industry and are committed to driving the company towards sustainable practices.
The company's website address is https://www.aschulmangainsborough.com/ where customers can find more information about their products and services, as well as their sustainability efforts. Their registered office address is A. Schulman Gainsborough Ltd, Sandbeck Way, Sandbeck Industrial Estate, Wetherby, LS22 7DN, United Kingdom.
In summary, A. Schulman Gainsborough Ltd is a leading plastic compounds company in the UK with a strong commitment to sustainability. They offer a wide range of high-quality products and services and are led by experienced professionals. Customers can access more information about the company and its sustainability program through their website.
