Industry ranking
The trend for UNILIN INSULATION UK LIMITED's average time to pay invoices has been fluctuating over the past three periods. In the first period, the average time to pay was 45 days, which decreased to 30 days in the second period, and then increased to 60 days in the third period.
The volatility of UNILIN INSULATION UK LIMITED's average time to pay invoices has been significant. The company showed a decrease in the second period, with a difference of 15 days from the first period. However, in the third period, there was a significant increase of 30 days compared to the second period.
| 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 2022 - 31 Dec 2022 | 18 Jan 2023 | 30 | 75% | 20% | 4% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 45 | 27% | 67% | 6% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice.
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
Any issue with invoices raised with buyer, buyer reviews updates/gets invoice reissued and then invoice will be posted and processed under usual payment terms.
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
Unilin Insulation UK Limited manufactures thermal insulation products for the construction industry, trading as Unilin Insulation. It produces PIR, phenolic, mineral wool, EPS and XPS insulation boards and accessories used for roofs, walls, floors and soffits, supplying builders, architects and specifiers across the UK and Ireland. The company operates factories in Ireland and the UK and describes itself as the second largest manufacturer of PIR boards in Europe. It is part of the wider Unilin Group. Its offering includes technical support, CPD training and resources for construction professionals, covering applications such as cavity walls, pitched and flat roofs, and suspended floors.
Generated from the company's website and Companies House records. Sources: ballytherm.co.uk · ballytherm.co.uk