PLASTIC OMNIUM AUTOMOTIVE LIMITED
Company Information
- Company Number
- 03275572
- Registered Address
- Westminster Industrial Estate, Huntingdon Way Measham, Swadlincote, Derbyshire, DE12 7DS
- Status
- Active
- Employee Count
- 944
- Turnover
- £249,907,000
- EBITDA
- £29,633,000
Additional Details
- Website
- https://plasticomnium.com
- Company Type
- Private limited Company
- Incorporated On
- 8 November 1996
- Nature of Business
- 22290 - Manufacture of other plastic products
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for Plastic Omnium Automotive Limited shows that the average time taken to pay invoices has been consistently decreasing over the past three periods, from 66 days in the first period to 59 days in the fourth period. This indicates that the company is becoming more efficient in paying their invoices on time.
Volatility Analysis
The volatility for Plastic Omnium Automotive Limited is relatively low, with only a 7-day difference in their shortest standard payment period for all four periods. This suggests that the company has a consistent payment process in place.
Summary Analysis
From 2018 to 2019, Plastic Omnium Automotive Limited has shown an improvement in their payment process, with the average time taken to pay invoices decreasing by 7 days. The percentage of invoices paid within 30 days has also increased by 5%, while the percentage of invoices paid between 31 and 60 days has decreased by 5%. However, there has been a slight increase in the percentage of invoices paid later than 60 days by 2%. The company has consistently maintained a 7-day shortest standard payment period.
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 2019 - 31 Dec 2019 | 13 Mar 2020 | 59 | 13% | 65% | 22% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Oct 2019 | 58 | 14% | 66% | 20% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 61 | 13% | 65% | 22% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 66 | 9% | 60% | 31% | 33% |
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
The Company's standard payment terms are 60 days from the date of the suppliers invoice (standard in our sector). In certain cases e.g. supplies of staffing services, shorter payment terms are in force ,agreed individually with suppliers.
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
115
Dispute Resolution Process
** Please note - all supplier invoices should be sent to uk.invoices@plasticomnium.com The ukaccounts@plasticomnium.com mailbox should be used for statements and enquiries ** Invoices must quote our purchase order number. Disputes not resolved via the above email address should be taken up with the respective buyer.
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.
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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?
❌
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
PLASTIC OMNIUM AUTOMOTIVE LIMITED is a leading automotive company that specializes in manufacturing and selling plastic parts for vehicles. The company is committed to sustainability and has a strong focus on reducing their environmental impact.
Their sustainability program includes implementing eco-friendly manufacturing processes, reducing waste and emissions, and using recycled materials in their products. They have also set ambitious targets to further decrease their carbon footprint and promote sustainable practices throughout their supply chain.
PLASTIC OMNIUM AUTOMOTIVE LIMITED offers a wide range of products and services, including exterior body parts, fuel systems, and emission control systems for various vehicle models. They also provide engineering and design solutions to their clients, ensuring high-quality and innovative products.
The key people at PLASTIC OMNIUM AUTOMOTIVE LIMITED include the CEO, Laurent Burelle, and the Managing Director, David Wong. They lead a team of dedicated professionals who are committed to delivering top-notch products and services to their customers.
To contact PLASTIC OMNIUM AUTOMOTIVE LIMITED, individuals can visit their website at www.plasticomnium.com or reach out to their registered office at 14, Avenue du Maréchal Juin, 92107 Boulogne-Billancourt, France. The company also has a presence in the UK, with their registered office located at Greatworth Industrial Park, Greatworth, Banbury, Oxfordshire OX17 2HB, United Kingdom.
In conclusion, PLASTIC OMNIUM AUTOMOTIVE LIMITED is a sustainable and innovative company that strives to provide high-quality products and services to the automotive industry. With a strong commitment to sustainability and a team of dedicated professionals, the company continues to be a leader in the automotive sector.
