DIVERSEY LIMITED
Company Information
- Company Number
- 03459907
- Registered Address
- Diversey Limited Pyramid Close, Weston Favell, Northampton, United Kingdom, NN3 8PD
- Status
- Active
- Employee Count
- 367
- Turnover
- £98,366,000
- EBITDA
- -£11,370,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 October 1997
- Nature of Business
- 20411 - Manufacture of soap and detergents
- Industries
- Property,Infrastructure And Construction
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows a fluctuation in the average time taken for DIVERSEY LIMITED to pay its invoices to suppliers over the past three years. In 2018, the average time to pay was 100 days, which decreased to 75 days in 2019. However, in 2020, the average time to pay increased to 91 days before significantly decreasing to only 20 days in 2020. This trend suggests that DIVERSEY LIMITED has been actively working to improve their payment process and pay suppliers more quickly.
Volatility Analysis
The data also shows a high level of volatility in the percentage of invoices paid within 30 days, with a range of 9% in 2020 to 32% in 2018. This indicates that DIVERSEY LIMITED has not been consistent in paying invoices within this timeframe. However, there has been a steady increase in the percentage of invoices paid within 30 days over the past three years, with a significant jump from 9% in 2020 to 90% in 2021.
Summary Analysis
In summary, DIVERSEY LIMITED has made significant improvements in their payment process over the past three years. The average time taken to pay invoices has decreased, and there has been an increase in the percentage of invoices paid within 30 days. This shows a commitment to paying suppliers promptly, which is reflected in the decrease in the percentage of invoices paid later than 60 days. However, there is still room for improvement as the percentage of invoices not paid within agreed terms remains high at 72% in 2021.
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 2021 - 31 Dec 2021 | 05 May 2022 | 18 | 92% | 4% | 4% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 05 May 2022 | 23 | 91% | 4% | 5% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 05 May 2022 | 20 | 90% | 7% | 3% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Sept 2020 | 91 | 9% | 19% | 72% | 72% |
| 01 Jul 2019 - 31 Dec 2019 | 08 Sept 2020 | 96 | 11% | 19% | 70% | 64% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 71 | 32% | 22% | 46% | 72% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Jul 2019 | 75 | 32% | 18% | 50% | 56% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 100 | 23% | 22% | 55% | 53% |
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
Standard contractual terms for goods and services is 90 days.
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
120
Dispute Resolution Process
When an invoice is disputed, the supplier will receive an automated email indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Diversey Limited requires a valid purchase order before payment can be made. The PO number is communicated by Diversey's procurement team at the time of placing the order.
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
DIVERSEY LIMITED is a leading provider of cleaning and hygiene solutions for commercial and institutional customers. The company is committed to sustainability through their products, services and operations.
Their sustainability program focuses on reducing environmental impact, promoting responsible sourcing, and fostering a culture of sustainability among their employees. They have set ambitious targets to reduce carbon emissions, water usage, and waste generation by 2025.
DIVERSEY LIMITED offers a wide range of products and services including cleaning chemicals, equipment, and digital solutions. These products are designed to be effective, efficient and environmentally friendly. They also offer training and consultancy services to help their customers improve their cleaning processes and reduce their environmental footprint.
The key people at DIVERSEY LIMITED include the CEO, Ilham Kadri, who is a strong advocate for sustainability and has been instrumental in driving the company's sustainability efforts. The company also has a dedicated sustainability team, led by Chief Sustainability Officer, Dr. Ilham Kadri.
Their website address is www.diversey.com, where customers can find information about their products and services, as well as sustainability initiatives. The registered office address is DIVERSEY LIMITED, Weston Favell Centre, Northampton NN3 8PD, United Kingdom.
In conclusion, DIVERSEY LIMITED is a leading provider of cleaning and hygiene solutions, with a strong commitment to sustainability. Through their products, services and operations, they are working towards a more sustainable future for their customers and the community.
