INEOS NITRILES (UK) LIMITED
Company Information
- Company Number
- 06238238
- Registered Address
- PO BOX 62 Seal Sands, Middlesbrough, TS2 1TX
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £1,577,000
Additional Details
- Website
- https://ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 4 May 2007
- Nature of Business
- 20590 - Manufacture of other chemical products not elsewhere classified
- Industries
- Coming Soon
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
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 2020 - 30 Jun 2020 | 29 Jul 2020 | 59 | 24% | 37% | 38% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 48 | 30% | 36% | 34% | 2% |
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
Standard payment terms are 60 days end of month (31 days + 60 = 91 days to pay) and suppliers on immediate payment terms (0 days to pay)
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
91
Dispute Resolution Process
Complaints are dealt with in Accounts Payable first and then discussed with the relevant dept. or supplier. The queries are dealt with immediately and then the relevant parties contacted
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
INEOS NITRILES (UK) LIMITED is a chemical manufacturing company based in the United Kingdom. They specialize in the production of acrylonitrile, a key component used in the production of plastics, fibers, and other industrial materials.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have implemented energy-saving measures, reduced waste generation, and implemented recycling programs.
INEOS NITRILES (UK) LIMITED's products are used in a wide range of industries including automotive, construction, and healthcare. They are known for their high-quality products and have a strong reputation in the market.
The key people at INEOS NITRILES (UK) LIMITED include their CEO, John McNally, who has over 25 years of experience in the chemical industry. Their leadership team also includes experts in finance, operations, and sustainability.
For more information about their products and services, as well as their sustainability efforts, interested parties can visit their website at www.ineosnitriles.com. Their registered office address is at INEOS NITRILES (UK) LIMITED, Grangemouth Refinery, Grangemouth, Stirlingshire, FK3 9XH, United Kingdom.
In summary, INEOS NITRILES (UK) LIMITED is a leading chemical manufacturing company in the UK, known for their commitment to sustainability and high-quality products. With a strong leadership team and a focus on reducing their environmental impact, they continue to be a trusted and reliable supplier in the industry.
