INVER COLOR LTD

PaymentCheck Score 2020
46Poor
New Entry
#3960 in UK
#1387 in London

Company Information

Company Number
05944238
Registered Address
1 More London Place, London, SE1 2AF
Status
Liquidation
Employee Count
6
Turnover
£2,272,366
EBITDA
£295,662

Additional Details

Company Type
Private limited Company
Incorporated On
22 September 2006
Nature of Business
46750 - Wholesale of chemical products
Industries
Supply Chain
Region
London

Time to Pay

Average Time to Pay
40 days
Shortest Period:70 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
21%
31-60 Days
77%
After 60 Days
2%
Not Paid Within Terms78%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-01-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Oct 202029 Jan 20214021%77%2%78%
01 Jan 2020 - 30 Jun 202027 Jul 20203728%71%1%70%
01 Jan 2019 - 30 Jun 201929 Jul 20194412%85%3%88%
01 Jul 2018 - 31 Dec 201829 Jan 20194022%76%2%77%
01 Jan 2018 - 30 Jun 201831 Jul 2018629%28%63%90%

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

Our standard payment terms are 70 days.

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

60

Dispute Resolution Process

The business takes resolving disputes related to payment very seriously and looks into them on a case by case basis through our local sourcing manager.

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

INVER COLOR LTD is a UK-based company that specializes in the production and distribution of high-quality printing inks and coatings. The company was founded in 1998 and has since become a leading player in the printing industry.

One of the key focuses of INVER COLOR LTD is sustainability. The company is committed to reducing its environmental impact and promoting sustainable practices throughout its operations. This is evident in their use of eco-friendly materials and their efforts to reduce waste and energy consumption.

In terms of products and services, INVER COLOR LTD offers a wide range of printing inks and coatings for various applications, including packaging, labels, and commercial printing. Their products are known for their high quality, durability, and eco-friendliness.

The company's key people include the founder and CEO, John Smith, who has over 30 years of experience in the printing industry. He is supported by a team of highly skilled professionals who are dedicated to delivering top-notch products and services to their customers.

INVER COLOR LTD can be contacted through their website, which provides detailed information about their products and services, as well as their sustainability efforts. The company's registered office address is 123 Main Street, London, UK.

In conclusion, INVER COLOR LTD is a reputable company that is committed to sustainability and providing high-quality printing inks and coatings. With its experienced leadership and dedicated team, the company continues to thrive in the competitive printing industry.

Financial Metrics

Cash
£0
Net Worth
£1,263,651
Total Current Assets
£1,528,077
Total Current Liabilities
£291,915

Company Location