INOVYN CHLORVINYLS LIMITED
Company Information
- Company Number
- 04068812
- Registered Address
- Bankes Lane Office, Bankes Lane, Runcorn, Cheshire, United Kingdom, WA7 4EL
- Status
- Active
- Employee Count
- 621
- Turnover
- £271,000,000
- EBITDA
- £56,200,000
Additional Details
- Website
- https://abb.com
- Company Type
- Private limited Company
- Incorporated On
- 11 September 2000
- Nature of Business
- 20110 - Manufacture of industrial gases20130 - Manufacture of other inorganic basic chemicals20140 - Manufacture of other organic basic chemicals
- Industries
- Raw Materials And Intermediate Goods
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 30 Jul 2025 | 60 | 20% | 33% | 47% | 20% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 76 | 15% | 27% | 58% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 68 | 14% | 27% | 59% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 71 | 12% | 29% | 59% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 71 | 15% | 29% | 57% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 69 | 11% | 28% | 61% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 68 | 13% | 29% | 58% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 77 | 9% | 27% | 64% | 83% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 72 | 10% | 29% | 61% | 75% |
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
INOVYN ChlorVinyls Limited has standard payment terms of within 63 days from end of month of invoice. There may be exceptions where contractually different payment terms are established, these will apply on an individual basis as agreed. This is quoted in INOVYN ChlorVinyls Limited’s terms and conditions of purchase
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
As is the case with a number of businesses in this industry, weekly payment runs are performed. Several payment runs are performed at month end to clear payables due at month end and within the first working week. Invoices due but not paid within agreed terms: • Based on number of Invoices – 20% • Based on value of Invoices – 38%
Maximum contractual payment period agreed
90
Dispute Resolution Process
For dispute resolution INOVYN ChlorVinyls Limited provides contact details for the accounts payable department on all purchase orders. In addition suppliers are advised to notify the procurement contact indicated on the purchase order should they have any further enquires or require additional assistance.
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
INOVYN CHLORVINYLS LIMITED is a leading producer of vinyls and chlor-alkali chemicals. The company was formed in 2015 through a joint venture between INEOS and Solvay, combining their expertise in the production of PVC, VCM, and chlorine.
The company's sustainability program is focused on reducing their environmental impact and promoting responsible business practices. This includes reducing their carbon footprint, implementing sustainable supply chain management, and investing in renewable energy sources.
INOVYN CHLORVINYLS LIMITED offers a wide range of products and services, including PVC resins, caustic soda, and hydrogen chloride. These products are used in various industries such as construction, automotive, and healthcare.
The key people at INOVYN CHLORVINYLS LIMITED include CEO Chris Tane, who has over 30 years of experience in the chemical industry, and CFO Paul Taylor, who has a background in finance and business strategy.
The company's website address is www.inovyn.com, where customers can find information about their products, services, and sustainability initiatives. The registered office address is at INEOS House, 10 Belvedere Road, London, SE1 7PJ, United Kingdom.
Overall, INOVYN CHLORVINYLS LIMITED is committed to producing high-quality products while maintaining a sustainable and responsible approach to business.
