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
- 5.0
- Turnover
- 43872000.0
- EBITDA
- 16756000.0
Additional Details
- Website
- https://ineoschlor.com
- Company Type
- Private limited Company
- Incorporated On
- 24 April 2008
- Nature of Business
- 35110 - Production of electricity
- 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 | 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 Jan 2022 - 30 Jun 2022 | 12 Jul 2022 | 15 | 97% | 3% | 0% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 16 | 97% | 3% | 0% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 14 | 97% | 3% | 0% | 34% |
| 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% |
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
Company Review
Trend Analysis
The average time for INEOS RUNCORN (TPS) LIMITED to pay invoices has decreased over the past three periods, from 29 days in 2019 to 16 days in 2023. This shows a trend towards faster payment, indicating that the company may be improving their payment processes.
Volatility Analysis
The volatility of the company's payment patterns has also decreased over the past three periods. In 2019, 4% of invoices were paid later than 60 days, compared to 0% in 2023. This shows a decrease in variability and a more consistent payment pattern.
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
Any other information about payment terms
N/A
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
