MULTISOL EUROPE LIMITED
Company Details
Registration Number
05256361
Registered Address
Alpha House Lawnswood Business Park Redvers Close Leeds England LS16 6QY
Company Status
Active
Employee Count
11
Turnover
£128,018,000
EBITDA
£5,688,000
Additional Information
Website
multisolgroup.comCompany Type
Private limited Company
Incorporated on
12 October 2004
Nature of Business (SIC)
52290 - Other transportation support activities
Industries
0
Region
Yorkshire and The HumberCompany Location
Financial Overview
£6,043,824
£14,911,410
Last Reporting Period
Filed
11 Jul 2023
Period
01 Jan 2023 - 30 Jun 2023
Payment Timing
Average Time to Pay
45 days
Payment Periods
Shortest
45 days
Longest
0 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
27%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 30 Jun 2023 | 11 Jul 2023 | 45 | 13% | 74% | 13% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Feb 2023 | 47 | 13% | 70% | 17% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 47 | 15% | 70% | 15% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 48 | 15% | 67% | 18% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 47 | 16% | 64% | 20% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 45 | 13% | 70% | 17% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 46 | 14% | 70% | 16% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 45 | 12% | 72% | 16% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Aug 2019 | 45 | 14% | 73% | 13% | 37% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 43 | 19% | 71% | 10% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 44 | 23% | 64% | 13% | 35% |
Company Summary
MULTISOL EUROPE LIMITED is a leading provider of specialty chemicals and services for various industries, including personal care, pharmaceutical, and industrial
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
The company's sustainability program focuses on reducing carbon emissions, minimizing waste generation, and promoting responsible sourcing of raw materials
They have also implemented energy-efficient processes and encourage recycling and reuse of materials
MULTISOL EUROPE LIMITED offers a wide range of products and services, including surfactants, emulsifiers, and preservatives for personal care products, as well as excipients and active ingredients for pharmaceutical applications
Their industrial division provides solutions for lubricants, coatings, and other industrial applications
The key people at MULTISOL EUROPE LIMITED include the managing director, sales and marketing director, and technical director, who have extensive experience and expertise in the chemical industry
For more information on their products and services, customers can visit the company's website at www.multisol.co.uk
The registered office address is 5-6 The Courtyard, East Park, Crawley, West Sussex, RH10 6AG, United Kingdom
In summary, MULTISOL EUROPE LIMITED is a sustainable and innovative company that offers a wide range of specialty chemicals and services
With their commitment to sustainability and experienced team, they are a reliable partner for various industries
Company Review
Trend Analysis
The average time taken for MULTISOL EUROPE LIMITED to pay invoices has remained relatively consistent over the past three periods, with a slight decrease from 2018 to 2020 and a slight increase from 2020 to 2023. However, there has been a significant decrease in the percentage of invoices paid within 30 days, with a corresponding increase in the percentage of invoices paid between 31 and 60 days and later than 60 days. There has also been fluctuations in the percentage of invoices not paid within agreed terms, with a peak in 2021 and a decrease in the most recent period of 2023.
Volatility Analysis
The data for MULTISOL EUROPE LIMITED shows a relatively stable trend in the average time taken to pay invoices, with only a slight increase in volatility towards the end of the period. However, there has been a significant increase in volatility for the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. This indicates potential challenges in managing payment timelines and potential strain on supplier relationships.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days end of month
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
Any payment queries should be sent to accounts@multisolgroup.com and should include the relevant invoice number(s)
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?
❌
