The company, INVISTA TEXTILES (U.K.) LIMITED, has shown a fluctuating trend in their average time to pay invoices. The average time to pay has increased from 43 days in the first half of 2018 to 58 days in the first half of 2020. However, in the second half of 2020 and the first half of 2021, there has been a slight improvement with the average time decreasing to 45 and 43 days respectively.
The company's average time to pay invoices has been volatile, with a high of 58 days in the first half of 2020 and a low of 34 days in the second half of 2018. The fluctuation can be seen in the varying percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The company has also shown volatility in their ability to pay within agreed terms, with a high of 77% in the first half of 2019 and a low of 23% in the second half of 2020.
Overall, there has been an increase in the average time for INVISTA TEXTILES (U.K.) LIMITED to pay invoices in the first half of 2021 compared to the first half of 2018. However, there was a slight improvement in the second half of 2020 and the first half of 2021. The company has consistently struggled to pay within agreed terms, with a high of 77% in the first half of 2019. The worst period for the company was the first half of 2020, with 32% of invoices being paid later than 60 days.
| 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 2025 - 31 Dec 2025 | 21 Apr 2026 | 44 | 52% | 42% | 6% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 43 | 45% | 41% | 14% | 36% |
| 01 Jul 2020 - 31 Dec 2020 | 12 May 2021 | 45 | 44% | 39% | 17% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Jul 2020 | 58 | 26% | 42% | 32% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 53 | 33% | 51% | 16% | 25% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 45 | 40% | 50% | 10% | 77% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Feb 2019 | 34 | 49% | 45% | 6% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 43 | 53% | 43% | 4% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 - 60 Days from Invoice Date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No applicable
Maximum contractual payment period agreed
60
General queries on payment dates for invoices are handled by the AP Customer Service help desk. Queries on terms of payment or price of goods are forwarded to the business owner to address directly with the vendor.
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
Invista Textiles (U.K.) Limited is a UK-registered company incorporated in October 2002, originally named Du Pont Textiles & Interiors (U.K.) Limited and later Invista (U.K.) Limited before adopting its current name. Its registered business activities cover the preparation and spinning of textile fibres, manufacture of other inorganic basic chemicals, manufacture of other chemical products, and manufacture of man-made fibres. The company is majority owned by Kosa UK Limited, having previously been controlled by Invista (U.K.) Holdings Limited, indicating it operates as part of a wider corporate group rather than as an independent trading entity in its own right. The company remains active and continues to file accounts and confirmation statements with Companies House.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk