| 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 | 17 Jan 2020 | 34 | 33% | 62% | 4% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 20 Dec 2019 | 32 | 36% | 62% | 2% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 12 Jul 2018 | 33 | 69% | 22% | 9% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
standard 60 days
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
90
Resolve between purchasing manager and commercial manager
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
Solventis Ltd is the UK entity within the Solventis group, a chemical business supplying solvents, automotive fluids and de-icing products. The group stocks and distributes petrochemical solvents including alcohols, ketones, esters, glycols and hydrocarbons, and manufactures antifreeze coolants and, through a subsidiary, aircraft de-icing fluids. Group manufacturing and blending take place at a facility in Antwerp and at a UK site in Scunthorpe, which also produces AdBlue diesel exhaust fluid. Solventis Ltd operates from Guildford, Surrey, and also has a site at Gunness, Scunthorpe. In December 2023 it was announced that Brenntag would acquire the Solventis Group. Group turnover was reported at approximately €250m in 2023.
Generated from the company's website and Companies House records. Sources: solventis.net · solventis.net · solventis.net