| 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 2020 - 30 Jun 2020 | 10 Jul 2020 | 61 | 7% | 52% | 41% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Jan 2020 | 62 | 4% | 51% | 44% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 65 | 3% | 44% | 53% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 62 | 2% | 47% | 51% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Jul 2018 | 70 | 1% | 41% | 58% | 63% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Goods for resale - End of month plus 30 days from invoice date Indirect goods and services - End of month plus 60 days from invoice date
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
Compliants or concerns regarding terms in the fist instance raised with Purchasing Department, for which all suppliers have details. In respect of other compliants on invoice payments and queries in the first instance should be raised with Accounts Payable team. The team will escalate where applicable. Dispute resolution is then conducted in house by the assigned personnel depending on compliant or concern. This is completed on a timely basis and supplier may be contacted when appropriate
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
Stepan UK Limited is registered under SIC codes for the manufacture of soap and detergents and the manufacture of other chemical products not elsewhere classified. It was previously named Manro Performance Chemicals Limited and, before that, Broomco (1142) Limited. Companies House records show the company is majority owned, at 75% or more of shares, by Stepan Europe S.A, a company incorporated in France, indicating it operates as the UK entity within a wider chemicals manufacturing group. No further first-party description of its specific products or operations was found in the supplied evidence. The company remains active, having been incorporated in October 1996 and registered in Cheshire.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk