INEOS ENTERPRISES GROUP LIMITED
Company Information
- Company Number
- 04687714
- Registered Address
- Bankes Lane Office, Bankes Lane, Runcorn, Cheshire, United Kingdom, WA7 4EL
- Status
- Active
- Employee Count
- 71
- Turnover
- £42,600,000
- EBITDA
- £7,540,000
Additional Details
- Website
- https://ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 5 March 2003
- Nature of Business
- 20130 - Manufacture of other inorganic 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 2024 - 30 Jun 2024 | 30 Jul 2024 | 59 | 15% | 43% | 42% | 43% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 65 | 13% | 41% | 46% | 27% |
| 01 Jan 2023 - 30 Jan 2023 | 26 Jul 2023 | 77 | 11% | 33% | 56% | 34% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 73 | 11% | 34% | 55% | 47% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 68 | 7% | 36% | 56% | 50% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 63 | 11% | 42% | 47% | 53% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 57 | 14% | 43% | 43% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 55 | 15% | 44% | 41% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 20 Nov 2019 | 56 | 17% | 42% | 41% | 43% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 47 | 25% | 43% | 32% | 29% |
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
The business uses a large number of suppliers on different payment terms. There is no real standard payments terms and terms are negotiated individually per supplier. The numbers above therefore represent the full range of payment terms offered from different suppliers. In the reporting period the weighted average payment terms (based on value of invoices paid) was 51 days, and the average terms based on number of payments was 64 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
130
Dispute Resolution Process
N/A
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
INEOS Enterprises Group Limited is a British chemical company that operates globally, with a focus on sustainability and responsible business practices. The company offers a wide range of products and services, including specialty chemicals, polymers, and fuels.
One of the key activities of INEOS Enterprises Group Limited is its commitment to sustainability. The company has set ambitious targets to reduce its carbon footprint and increase energy efficiency across all its operations. It also works towards minimizing waste and promoting recycling, as well as investing in renewable energy sources.
Some of the company's well-known products and services include ethylene oxide, ethylene glycols, and polyethylene, which are used in various industries such as packaging, construction, and automotive. INEOS Enterprises Group Limited also offers customized solutions for its clients, tailored to their specific needs and requirements.
Key people in the company include CEO Ashley Reed, who has over 25 years of experience in the chemical industry, and Chairman Jim Ratcliffe, who founded INEOS in 1998 and has led it to become one of the largest chemical companies in the world.
For more information on INEOS Enterprises Group Limited, you can visit their website at www.ineosenterprises.com. The company's registered office address is at Lyndean House, 43-46 Queens Road, Brighton, BN1 3XB, United Kingdom.
