Industry ranking
| 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% |
This information is as reported by the business, and responses are in their own words.
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. Exactly 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
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.
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
INEOS Aromatics Limited is registered in England and was previously named BP Aromatics Limited until its rename in January 2021, reflecting its move into the INEOS group. Companies House records the company's nature of business as the manufacture of other inorganic basic chemicals. As part of the INEOS group, the company operates within aromatics chemical production, supplying intermediate chemical materials rather than finished consumer goods. It remains an active private limited company, filing annual accounts and confirmation statements, with several registered charges recorded against it in recent years. No further detail on specific products, sites or customers is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk