ALLNEX RESINS UK LIMITED
Company Information
- Company Number
- 05235281
- Registered Address
- 7 Albemarle Street, London, England, W1S 4HQ
- Status
- Active
- Employee Count
- 8
- Turnover
- £21,007,000
- EBITDA
- £1,219,000
Additional Details
- Website
- https://allnex.com
- Company Type
- Private limited Company
- Incorporated On
- 20 September 2004
- Nature of Business
- 20160 - Manufacture of plastics in primary forms
- Industries
- Raw Materials And Intermediate Goods
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 41 | 33% | 47% | 20% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 39 | 44% | 38% | 18% | 67% |
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
Allnex Resins UK Ltd has set standard payment terms with its suppliers up to 90 days from date of invoice. If invoices fall due on a weekend or between planned payment runs, these are paid in the next available run. Terms may vary in accordance with individual supplier agreements.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
Allnex Resins UK Ltd has a dedicated AP Centre of Competence service in Riga, Latvia whereby suppliers can contact the team for dispute resolution. The dispute can be further escalated to the team leader and finance manager and resolved with appropriate action.
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
Allnex Resins UK Limited is a leading company in the chemical industry, specializing in the production of resins and additives for various applications. The company is committed to sustainability and has a strong focus on environmental responsibility.
Their sustainability program includes initiatives such as reducing energy consumption, promoting sustainable sourcing of raw materials, and implementing waste management practices. They also prioritize the health and safety of their employees and strive to create a safe working environment.
The company offers a wide range of high-quality products and services, including resins, additives, and crosslinkers, which are used in industries such as coatings, adhesives, and composite materials. These products are known for their durability, performance, and compatibility with various substrates.
Key people in the company include the managing director, sales and marketing director, and technical director, who bring a wealth of expertise and experience to the company.
The registered office address for Allnex Resins UK Limited is located in Baxenden, Accrington, Lancashire. Their website, www.allnex.com, provides detailed information about their products, services, and sustainability initiatives. The website also includes contact information for the company, including phone numbers and email addresses for sales and customer service inquiries.
In conclusion, Allnex Resins UK Limited is a reputable company in the chemical industry, known for its commitment to sustainability and high-quality products. With a strong team and a focus on innovation, the company continues to make significant contributions to the industry and the environment.
