INDUSTRIAL CHEMICALS LIMITED
Company Information
- Company Number
- 03886037
- Registered Address
- Jupiter House Warley Hill Business Park, The Drive, Brentwood, Essex, CM13 3BE
- Status
- Active
- Employee Count
- 469
- Turnover
- £168,968,000
- EBITDA
- £5,268,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 November 1999
- Nature of Business
- 20130 - Manufacture of other inorganic basic chemicals20411 - Manufacture of soap and detergents20590 - Manufacture of other chemical products not elsewhere classified49410 - Freight transport by road
- Industries
- Property-related Goods And Services, Raw Materials And Intermediate Goods
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
INDUSTRIAL CHEMICALS LIMITED consistently exhibits a slow payment trend, with an average payment time of 71 days. A significant majority of payments, 48%, extend beyond 60 days, indicating a routine trajectory for delayed settlement. Only 16% of invoices are paid within the standard 30-day period.
Volatility Analysis
The company presents a high level of unpredictability for timely payments, with nearly half of all invoices taking over two months to settle. Furthermore, 12% of payments are explicitly late, increasing the risk of inconsistent cash flow for suppliers. Suppliers should expect extended payment cycles and not rely on standard net-30 terms.
Summary Analysis
Suppliers dealing with INDUSTRIAL CHEMICALS LIMITED should anticipate extended payment terms and integrate this into their financial planning. It is recommended to factor in potential working capital strain and consider strategies like negotiating upfront payments or implementing stricter credit policies. Close monitoring of outstanding invoices and a willingness to adjust credit limits based on payment history are crucial risk mitigation steps.
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 Jan 2019 - 30 Jun 2019 | 11 Oct 2019 | 71 | 16% | 36% | 48% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 08 May 2019 | 80 | 35% | 34% | 31% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 08 May 2019 | 70 | 38% | 33% | 29% | 11% |
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
Our standard payment terms for larger suppliers is 60 days, but some accommodation can be made for smaller companies at 30 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
60
Dispute Resolution Process
We discuss any issues in advance with suppliers.
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?
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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
INDUSTRIAL CHEMICALS LIMITED is an active private limited company. It specialises in the sector of industrial chemicals.
The company was incorporated on 30 November 1999 and operates as company number 03886037. Its registered office is located in the East of England at Jupiter House Warley Hill Business Park, The Drive, Brentwood, Essex, CM13 3BE.
Companies operating in the industrial chemicals sector in the UK typically provide a range of chemical products essential for various manufacturing processes and industries. These often include the supply and distribution of raw materials, intermediate chemicals, and speciality formulations used across sectors such as pharmaceuticals, automotive, agriculture, and construction.
