MITSUBISHI CHEMICAL UK LIMITED
Company Information
- Company Number
- 03830161
- Registered Address
- Cassel Works, New Road, Billingham, England, TS23 1LE
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 August 1999
- Nature of Business
- 20160 - Manufacture of plastics in primary forms20590 - Manufacture of other chemical products not elsewhere classified
- Industries
- Coming Soon
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
MITSUBISHI CHEMICAL UK LIMITED exhibits a consistent trend of extended payment cycles, with an average payment time of 35 days. A significant 90% of payments are late, indicating a trajectory where most invoices will settle beyond typical 30-day terms. The high concentration of 49% of payments falling within the 31-60 day bracket reinforces this established pattern of slower remittance.
Volatility Analysis
While 90% of payments are classified as late, the clustering of nearly half (49%) between 31-60 days suggests a somewhat predictable extended payment behavior rather than extreme volatility. However, the 8% of payments exceeding 60 days introduces a moderate risk factor for cash flow, indicating a subset of payments that are significantly delayed. This highlights a systematic deviation from prompt payment, requiring suppliers to adjust expectations for reliability.
Summary Analysis
Suppliers should anticipate payments from MITSUBISHI CHEMICAL UK LIMITED to consistently exceed 30 days, averaging 35 days, with a high probability of settling within the 31-60 day window. It is recommended to adjust credit terms to align with their observed payment patterns or implement proactive follow-up for invoices approaching 30 days. To mitigate the risk from the 8% very late payments, consider applying late fees or negotiating shorter, stricter payment terms for future engagements.
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 Apr 2025 - 30 Sept 2025 | 30 Oct 2025 | 35 | 43% | 49% | 8% | 90% |
| 01 Oct 2024 - 31 Mar 2025 | 10 Apr 2025 | 36 | 43% | 47% | 10% | 91% |
| 01 Apr 2024 - 30 Sept 2024 | 14 Oct 2024 | 37 | 41% | 51% | 8% | 91% |
| 01 Oct 2023 - 31 Mar 2024 | 19 Apr 2024 | 32 | 49% | 47% | 4% | 63% |
| 01 Apr 2023 - 30 Sept 2023 | 17 Oct 2023 | 33 | 50% | 45% | 5% | 59% |
| 01 Oct 2022 - 31 Mar 2023 | 15 May 2023 | 34 | 52% | 41% | 7% | 60% |
| 01 Apr 2022 - 30 Sept 2022 | 24 Oct 2022 | 35 | 46% | 46% | 8% | 53% |
| 01 Oct 2021 - 31 Mar 2022 | 26 Apr 2022 | 37 | 40% | 53% | 7% | 55% |
| 01 Apr 2021 - 30 Sept 2021 | 15 Oct 2021 | 38 | 39% | 54% | 7% | 49% |
| 01 Oct 2020 - 31 Mar 2021 | 21 Apr 2021 | 34 | 47% | 49% | 4% | 38% |
| 01 Apr 2020 - 30 Sept 2020 | 12 Oct 2020 | 34 | 48% | 48% | 4% | 38% |
| 01 Oct 2019 - 31 Mar 2020 | 05 May 2020 | 32 | 53% | 42% | 5% | 42% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 32 | 50% | 46% | 4% | 51% |
| 01 Apr 2018 - 30 Sept 2018 | 24 Oct 2018 | 34 | 43% | 53% | 4% | 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
The standard terms of payment are different for different spend categories for example, 60 days after date of invoice for Raw Materials, or immediate payment for duty and import costs. In all categories, terms of payment can, by exception, be varied from the standard payment terms by agreement between the seller and the buyer.
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
60
Dispute Resolution Process
If a supplier raises a query in respect of non-payment of an invoice, it would initially be handled by accounts payable. If necessary the accounts payable team will direct the query to the most relevant business area within Mitsubishi Chemical UK Limited (for example Purchasing) to resolve this promptly.
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
MITSUBISHI CHEMICAL UK LIMITED is an active private limited company that operates within the chemical industry in the UK
This organisation focuses on commercial activities related to chemical production and distribution
The company was incorporated on 23 August 1999 and holds company number 03830161
Its registered office is located at Cassel Works, New Road, Billingham, England, TS23 1LE, placing its operations within the North East region
As a chemical company, MITSUBISHI CHEMICAL UK LIMITED typically specialises in the production, distribution, and sale of a diverse range of chemical products and materials for various industrial applications within the UK market
This often encompasses basic chemicals, speciality chemicals, polymers, and performance materials
