PQ SILICAS UK LIMITED
Company Information
- Company Number
- 06458647
- Registered Address
- Bank Quay, 4 Liverpool Road, Warrington, Cheshire, WA5 1AQ
- Status
- Active
- Employee Count
- 257.0
- Turnover
- 76784000.0
- EBITDA
- 11709000.0
Additional Details
- Website
- https://pqcorp.com
- Company Type
- Private limited Company
- Incorporated On
- 20 December 2007
- Nature of Business
- 20130 - Manufacture of other inorganic basic chemicals
- Industries
- 0
- Region
- North West
Company Location
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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 | 31 Jan 2024 | 42 | 23% | 64% | 13% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 38 | 28% | 62% | 10% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 40 | 28% | 61% | 11% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 38 | 30% | 62% | 8% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 39 | 28% | 62% | 10% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 38 | 32% | 61% | 7% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 40 | 29% | 61% | 10% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 38 | 32% | 58% | 10% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 39 | 30% | 60% | 10% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 40 | 28% | 62% | 10% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 39 | 29% | 62% | 9% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 32% | 61% | 7% | 7% |
Company Summary
PQ SILICAS UK LIMITED is a leading manufacturer and supplier of specialty silicas and silicate-based products
Headquartered in England, they have been in operation since 1965 and have established a strong reputation for their high-quality products and sustainable practices
The company's sustainability program is a key focus for PQ SILICAS UK LIMITED
They have implemented various initiatives to reduce their environmental impact, such as using renewable energy sources and implementing waste reduction and recycling measures
They are also committed to promoting sustainable practices throughout their supply chain
PQ SILICAS UK LIMITED offers a wide range of products and services, including silica-based products for the personal care, coatings, and food industries
They also provide silica-based solutions for high-performance coatings, adhesives, and sealants
The key people at PQ SILICAS UK LIMITED include the Managing Director, Dr
Richard Jenkins, who has over 20 years of experience in the chemical industry, and the Technical Director, Dr
Phil Hewitt, who has over 30 years of experience in the field of silicas and silicate-based products
For more information about their products and services, you can visit their website at pqsilicas.com
The registered office address for PQ SILICAS UK LIMITED is 7th Floor, 90 High Holborn, London, WC1V 6XX, United Kingdom
Company Review
Trend Analysis
The average time to pay for PQ SILICAS UK LIMITED has remained relatively consistent over the past three periods, with a slight decrease in the most recent period (2023-01-01 to 2023-06-30). However, there has been a noticeable increase in the percentage of invoices paid within 30 days in the latest period, while the percentage of invoices paid later than 60 days has also increased.
Volatility Analysis
The volatility of PQ SILICAS UK LIMITED's payment behavior can be seen in the fluctuations of the percentages of invoices paid within different time frames. While there is some consistency in the average time to pay, there are significant changes in the percentages of invoices paid within 30 days and between 31 and 60 days, indicating that the company's payment behavior is not stable.
Summary Analysis
Looking at the data for PQ SILICAS UK LIMITED over the past three periods, there has been a small decrease in the average time to pay, from 40 days in the period of 2019-01-01 to 2019-06-30 to 38 days in the most recent period of 2022-01-01 to 2022-06-30. However, there has been a significant improvement in the percentage of invoices paid within 30 days, with an increase from 28% in the period of 2019-07-01 to 2019-12-31 to 32% in the latest period of 2022-07-01 to 2022-12-31. This is a positive change, indicating that the company is paying a higher percentage of its invoices on time. On the other hand, there has also been an increase in the percentage of invoices paid later than 60 days, from 8% in the period of 2022-01-01 to 2022-06-30 to 10% in the latest period of 2023-07-01 to 2023-12-31. This is a concerning trend, as it shows a decrease in prompt payment for the company. Additionally, the percentage of invoices not paid within agreed terms has also increased, from 6% in the period of 2019-01-01 to 2019-06-30 to 10% in the latest period of 2021-07-01 to 2021-12-31. This indicates that PQ SILICAS UK LIMITED may be struggling to meet its financial obligations in a timely manner.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The business uses standard payment terms. Standard payments terms are defined as cleared funds-10th of the 2nd month from date of invoice.
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
70
Dispute Resolution Process
"The company deals with disputes in a fair, honest and timely manner. Disputed invoices are fielded by our Accounts Payable team and relevant person within the organisation."
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
