INEOS AROMATICS LIMITED
Company Information
- Company Number
- 06226624
- Registered Address
- Hawkslease, Chapel Lane, Lyndhurst, Hampshire, SO43 7FG
- Status
- Active
- Employee Count
- 24
- Turnover
- £729,677,000
- EBITDA
- -£39,880,000
Additional Details
- Website
- https://bp.com
- Company Type
- Private limited Company
- Incorporated On
- 25 April 2007
- Nature of Business
- 20130 - Manufacture of other inorganic basic chemicals
- Industries
- Raw Materials And Intermediate Goods
- Region
- South 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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 24 | 68% | 28% | 4% | 65% |
| 01 Jun 2024 - 31 Dec 2024 | 28 Jan 2025 | 27 | 53% | 44% | 3% | 36% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 24 | 77% | 23% | 0% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 19 | 90% | 10% | 0% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 26 | 60% | 33% | 7% | 63% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 26 | 75% | 25% | 0% | 42% |
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
The Company negotiates and agrees payment terms with its suppliers as one element of its procurement process. As a result, payment terms vary by supplier. Just under half of these payments in this period are to vendors who are affiliate companies, in these cases payment terms and payment timings may be more flexible.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Some vendors issue an invoice with a time and cost narrative for approval prior to payment. This approval process can lead to some delay in payment but the vendor is kept informed of the process and, once approved, payment occurs promptly afterwards. However this can result in payment which follows outside of the credit period.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Supplier invoices and payments are managed by our Accounts Payable team. Disputed invoices will be notified to the supplier by the individual who initiated the purchase transaction to ensure that they are investigated in a timely manner and resolved. Invoiced items that are subject to dispute will not be paid until resolution of the dispute, whereupon payment shall be made either within terms or in the next payment run, following resolution.
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
INEOS AROMATICS LIMITED is a leading global chemical company that specializes in the production and distribution of aromatic chemicals. The company is committed to sustainability and has a strong focus on reducing their environmental impact.
The company's sustainability program includes initiatives such as reducing greenhouse gas emissions, promoting energy efficiency, and implementing responsible waste management practices. INEOS AROMATICS LIMITED also actively works towards minimizing the use of hazardous materials and promoting the responsible use of resources.
The company's main products include benzene, toluene, and xylenes which are widely used in various industries such as pharmaceuticals, plastics, and paints. These chemicals are produced through a highly efficient and environmentally friendly process, making them a preferred choice for many customers.
Key people at INEOS AROMATICS LIMITED include CEO John McNally and Chairman Jim Ratcliffe, both of whom have extensive experience in the chemical industry. The company has a dedicated team of professionals who are committed to delivering high-quality products and services while adhering to strict safety and environmental standards.
For more information on the company's products and services, customers can visit their website at www.ineos.com. The registered office address for INEOS AROMATICS LIMITED is at Lyndhurst Road, London, United Kingdom, N22 5QE. Overall, INEOS AROMATICS LIMITED is a sustainable and highly reputable company that continues to play a significant role in the global chemical industry.
