| 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 Jul 2021 - 31 Jul 2021 | 26 Jan 2022 | 64 | 11% | 40% | 49% | 51% |
| 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 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 58 | 14% | 43% | 43% | 42% |
| 01 Jan 2019 - 30 Jun 2019 | 20 Nov 2019 | 56 | 17% | 42% | 41% | 43% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 49 | 25% | 40% | 35% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 47 | 25% | 43% | 32% | 29% |
This information is as reported by the business, and responses are in their own words.
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
N/A
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
INEOS Enterprises Group Limited is registered as a manufacturer of other inorganic basic chemicals and forms part of the wider INEOS group, a global chemical and petrochemical manufacturer. It represents the corporate entity behind INEOS Enterprises, the division encompassing businesses such as INEOS Calabrian, a major supplier of sulfur dioxide and related derivatives used in wastewater treatment, and INEOS Compounds, a PVC compounds manufacturer. Within the broader INEOS group, which operates across chemicals, polymers and oil and gas, this entity sits within the Enterprises business grouping rather than trading directly with consumers. Group-wide activities, revenues and site numbers relate to INEOS as a whole rather than to this specific registered company.
Generated from the company's website and Companies House records. Sources: ineos.com · ineos.com