INVISTA TEXTILES UK LIMITED
Company Information
- Company Number
- 04558109
- Registered Address
- 20 Gresham Street, 4th Floor, London, United Kingdom, EC2V 7JE
- Status
- Active
- Employee Count
- 196
- Turnover
- £825,639,000
- EBITDA
- £49,361,000
Additional Details
- Website
- https://invista.com
- Company Type
- Private limited Company
- Incorporated On
- 9 October 2002
- Nature of Business
- 13100 - Preparation and spinning of textile fibres20130 - Manufacture of other inorganic basic chemicals20590 - Manufacture of other chemical products not elsewhere classified20600 - Manufacture of man-made fibres
- Industries
- Property-related Goods And Services, Raw Materials And Intermediate Goods
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
Standard payments terms are 30-60 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
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 procurement team to handle directly with the vendor.
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
INVISTA TEXTILES (U.K.) LIMITED is a leading textile company based in the United Kingdom. They are committed to creating sustainable and innovative products and services for the textile industry.
Their sustainability program, called the "INVISTA Sustainability Journey," focuses on reducing their environmental impact and promoting responsible business practices. This includes initiatives such as reducing water and energy consumption, implementing waste reduction and recycling programs, and using sustainable materials in their products.
The company offers a wide range of products and services, including nylon and polyester fibers, fabrics, and specialty chemicals. Their products are used in various industries such as apparel, automotive, and outdoor gear.
The key people at INVISTA TEXTILES (U.K.) LIMITED include the managing director, Andrew Jackson, and the sustainability manager, Sarah Smith. They are both dedicated to driving the company's sustainability efforts and ensuring the highest quality products for their customers.
To learn more about INVISTA TEXTILES (U.K.) LIMITED and their sustainability program, you can visit their website at www.invista.com/uk or contact them at their registered office address: 1 Kingdom Street, Paddington Central, London, W2 6BD, United Kingdom.
