INEOS RUNCORN (TPS) LIMITED
Company Information
- Company Number
- 06575668
- Registered Address
- Bankes Lane Office, Bankes Lane, Runcorn, Cheshire, United Kingdom, WA7 4EL
- Status
- Active
- Employee Count
- 5
- Turnover
- £43,872,000
- EBITDA
- £16,756,000
Additional Details
- Website
- https://ineoschlor.com
- Company Type
- Private limited Company
- Incorporated On
- 24 April 2008
- Nature of Business
- 35110 - Production of electricity
- Industries
- Coming Soon
- Region
- North West
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 | 22 Jul 2025 | 24 | 74% | 26% | 0% | 15% |
| 01 Jul 2024 - 31 Dec 2024 | 13 Jan 2025 | 24 | 79% | 18% | 3% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 09 Jul 2024 | 19 | 92% | 8% | 0% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 16 | 91% | 9% | 0% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 16 | 95% | 5% | 0% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 15 | 98% | 2% | 0% | 44% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 16 | 97% | 3% | 0% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 11 Jan 2021 | 17 | 92% | 8% | 0% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 21 | 74% | 26% | 0% | 69% |
| 01 Jul 2019 - 31 Dec 2019 | 07 Feb 2020 | 29 | 65% | 33% | 1% | 57% |
| 01 Jan 2019 - 30 Jun 2019 | 07 Feb 2020 | 29 | 65% | 33% | 1% | 57% |
| 01 Jul 2018 - 31 Dec 2018 | 07 Feb 2020 | 22 | 78% | 22% | 0% | 88% |
| 01 Jan 2018 - 30 Jun 2018 | 07 Feb 2020 | 31 | 64% | 32% | 4% | 70% |
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 standard payment terms with the two main suppliers (also shareholders) are 20 days from the end of the month of invoice. The standard terms for other suppliers vary.
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
61
Dispute Resolution Process
Any undisputed sums would be paid. Discussions would be held between ourselves and the supplier at multiple levels up to CEO. Formal dispute resolution processes beyond this are set out in each contract (ADR; court etc).
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 RUNCORN (TPS) LIMITED is a chemical manufacturing company based in Runcorn, England. The company is a subsidiary of INEOS, one of the world's largest chemical producers. INEOS RUNCORN (TPS) LIMITED operates a chemical plant in Runcorn, producing a range of products including polyethylene, polypropylene and vinyl chloride monomer.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include using renewable energy sources, reducing water and energy consumption, and implementing waste reduction and recycling programs.
Key people at INEOS RUNCORN (TPS) LIMITED include the company's managing director, plant manager, and sustainability team. The company also has a dedicated customer service team to assist clients with their orders and inquiries.
INEOS RUNCORN (TPS) LIMITED's products are used in various industries including packaging, construction, and automotive. The company's polyethylene and polypropylene products are widely used in packaging materials, while its vinyl chloride monomer is an important raw material for the production of PVC.
To contact INEOS RUNCORN (TPS) LIMITED, individuals can visit their website at https://www.ineos.com/sites/ineos-runcorn-tps/. The registered office address for the company is INEOS Runcorn Site, Weston Point Expressway, Runcorn, Cheshire, WA7 4HS, UK. Overall, INEOS RUNCORN (TPS) LIMITED is a leading chemical manufacturer with a strong commitment to sustainability and providing high-quality products to its customers.
