BRENNTAG UK LIMITED
Company Information
- Company Number
- 05262170
- Registered Address
- Alpha House, Lawnswood Business Park, Redvers Close, Leeds, England, LS16 6QY
- Status
- Active
- Employee Count
- 798.0
- Turnover
- 534588000.0
- EBITDA
- 83396000.0
Additional Details
- Website
- https://heatsavr.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 18 October 2004
- Nature of Business
- 20140 - Manufacture of other organic basic chemicals$20590 - Manufacture of other chemical products not elsewhere classified$49410 - Freight transport by road
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Company Location
Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 50 | 13% | 66% | 21% | 36% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 51 | 14% | 65% | 21% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 31 May 2023 | 51 | 14% | 65% | 21% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 31 May 2023 | 52 | 14% | 63% | 23% | 35% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 54 | 12% | 62% | 26% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 52 | 10% | 67% | 23% | 40% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 52 | 12% | 68% | 20% | 54% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 52 | 12% | 66% | 22% | 85% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 54 | 14% | 64% | 22% | 77% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 51 | 15% | 65% | 20% | 82% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 54 | 13% | 65% | 22% | 84% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 54 | 15% | 59% | 26% | 66% |
Company Summary
BRENNTAG UK LIMITED is a leading chemical distribution company in the United Kingdom
Established in 2002, the company has a strong presence in the UK market and offers a wide range of chemical products and services to various industries
The company's sustainability program focuses on reducing its environmental impact and promoting responsible practices
BRENNTAG UK LIMITED is committed to reducing its carbon footprint and has implemented initiatives such as energy-efficient operations, waste reduction, and responsible sourcing of raw materials
The company also provides its customers with sustainable solutions, such as bio-based products and renewable energy sources
BRENNTAG UK LIMITED offers a diverse portfolio of chemical products, including solvents, acids, resins, and specialty chemicals
The company's services include customized blending, repackaging, and storage solutions, providing customers with tailored solutions to meet their specific needs
The key people at BRENNTAG UK LIMITED include the Managing Director, Mark Webb, who has over 30 years of experience in the chemical industry, and the Operations Director, David Rylatt, who has over 20 years of experience in logistics and supply chain management
The company's registered office address is at 10a Bilton Road, Rugby, Warwickshire, CV22 7AN
Customers can also contact BRENNTAG UK LIMITED through their website, which provides information on products, services, and sustainability initiatives
The website also has a contact form for inquiries and a list of local sales offices for customers to reach out for assistance
In summary, BRENNTAG UK LIMITED is a leading chemical distribution company in the UK, offering a wide range of sustainable products and services to various industries
With a strong focus on sustainability and a team of experienced professionals, the company continues to be a trusted partner for its customers in meeting their chemical needs
Company Review
Trend Analysis
The average time taken for BRENNTAG UK LIMITED to pay invoices has remained relatively consistent over the past three periods, with a slight decrease from 54 days in 2018 to 50 days in 2023. However, there has been a noticeable increase in the percentage of invoices paid within 30 days, from 13% in 2018 to 14% in 2023. The percentage of invoices paid between 31 and 60 days has also increased from 62% in 2018 to 66% in 2023. On the other hand, the percentage of invoices paid later than 60 days has fluctuated between 20-26% over the three periods. There has also been a decrease in the percentage of invoices not paid within agreed terms, from 84% in 2018 to 36% in 2023.
Volatility Analysis
The data for BRENNTAG UK LIMITED shows a relatively stable trend in terms of the average time taken to pay invoices. However, there has been some volatility in the percentage of invoices paid within 30 days, with a slight increase in 2021 followed by a decrease in 2022. The percentage of invoices paid between 31 and 60 days has also shown some volatility, with a decrease in 2019 followed by an increase in 2020. The percentage of invoices paid later than 60 days has remained relatively consistent, with a slight increase in 2020. There has been a significant decrease in the percentage of invoices not paid within agreed terms, with a sharp decrease in 2020 followed by a slight increase in 2023.
Summary Analysis
From 2018 to 2023, BRENNTAG UK LIMITED has maintained an average time to pay of 50-54 days. However, there has been an improvement in their payment practices, with an increase in the percentage of invoices paid within 30 days and between 31 and 60 days. There has also been a significant decrease in the percentage of invoices not paid within agreed terms. The worst period for BRENNTAG UK LIMITED in terms of late payments was in 2018, with 26% of invoices paid later than 60 days. The best period for early payments was in 2023, with 14% of invoices paid within 30 days. The shortest standard payment period for the company has remained consistent at 60 days over the three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days end of month following receipt of invoice, clearing in to the supplier's account on the first working day of the following 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
75
Dispute Resolution Process
Disputes should be raised, in the first instance, with the person placing the purchase order. Where resolution is not possible all suppliers have the contact details of the ledgers team who will escalate the matter to the appropriate member of the management team.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available