CENTRE FOR PROCESS INNOVATION LIMITED
Company Information
- Company Number
- 05002194
- Registered Address
- Wilton Centre, Wilton, Redcar, Cleveland, TS10 4RF
- Status
- Active
- Employee Count
- 637
- Turnover
- £66,904,000
- EBITDA
- £15,960,000
Additional Details
- Website
- https://uk-cpi.com/
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 23 December 2003
- Nature of Business
- 72110 - Research and experimental development on biotechnology72190 - Other research and experimental development on natural sciences and engineering82990 - Other business support service activities not elsewhere classified85320 - Technical and vocational secondary education
- Industries
- Coming Soon
- Region
- North East
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 Apr 2023 - 31 Mar 2024 | 15 Jul 2024 | 22 | 85% | 11% | 5% | 16% |
| 01 Apr 2019 - 30 Sept 2019 | 03 Oct 2019 | 24 | 80% | 18% | 2% | 20% |
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
Unless agreed to the contrary (see Standard payment terms section below,) that our standard payment period is typically In accordance with Regulation 113 of the Procurement Contract Regulations 2015, where we strive to make payments to our suppliers no later than 30 days following our validation of undisputed invoices that we have received. By validation we mean that we have checked that it is a genuine invoice from a genuine supplier and we have received the goods or services to which it relates, or that it relates to an advance milestone payment which was agreed when the contract was awarded. For customers, 30 days standard, 60 days for some individually agreed customers, any agreement of payment terms > 30 days are approved by management and are based upon proven payment history.
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
30
Dispute Resolution Process
Our finance and procurement departments will investigate and provide details in relation to any disputes or concerns, if necessary we can liaise with individual employees/departments to which an order relates to help to resolve disputes or issues
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
Centre for Process Innovation Limited (CPI) is a UK-based technology and innovation center that supports businesses in the development and commercialization of new products and processes. They specialize in areas such as advanced materials, biotechnology, and digital manufacturing.
CPI's sustainability program focuses on reducing carbon emissions, minimizing waste, and promoting sustainable practices through their work. They work with companies to develop and implement sustainable processes and technologies, as well as providing training and support.
Their products and services include research and development, process optimization, scale-up and commercialization support, and access to state-of-the-art facilities and equipment. They also offer training and consultancy services to help businesses improve their processes and increase efficiency.
Key people at CPI include their CEO, Nigel Perry, and their Chief Technology Officer, Tom Taylor. They also have a team of experienced scientists and engineers who work closely with their clients to deliver innovative solutions.
CPI's website (https://www.uk-cpi.com/) provides detailed information on their services, case studies of successful projects, and news and events. Their registered office address is CPI, Wilton Centre, Wilton, Redcar, TS10 4RF, United Kingdom. They can also be contacted by phone at +44 (0)1642 444300 or by email at info@uk-cpi.com.
