INEOS DERIVATIVES FRANCE LIMITED
Company Information
- Company Number
- 06674365
- Registered Address
- Hawkslease, Chapel Lane, Lyndhurst, Hampshire, SO43 7FG
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- £50,000
Additional Details
- Website
- https://ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 15 August 2008
- Nature of Business
- 71129 - Other engineering activities
- Industries
- Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for INEOS DERIVATIVES FRANCE LIMITED has remained relatively stable over the past three periods, with a slight decrease from 45 days in 2018-2019 to 44 days in 2019-2020. However, there was a significant increase in the percentage of invoices paid within 30 days in 2021-2022 compared to the previous two periods.
Volatility Analysis
The volatility of INEOS DERIVATIVES FRANCE LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days and between 31 and 60 days. While the percentage of invoices paid within 30 days increased from 34% in 2018-2019 to 37% in 2021-2022, the percentage of invoices paid between 31 and 60 days decreased from 50% to 43% in the same period. This shows a shift towards earlier payments, but also a decrease in timely payments overall.
Summary Analysis
Between 2018 and 2022, INEOS DERIVATIVES FRANCE LIMITED has maintained an average time to pay of 43-45 days, with a slight decrease in the last period. The percentage of invoices paid within 30 days has also remained relatively consistent, ranging from 33% to 37%. However, there has been a decrease in the percentage of invoices paid between 31 and 60 days, from 48% to 43% over the same time period. The worst period for late payments was in 2018-2019, where 19% of invoices were paid later than 60 days.
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 2022 - 30 Jun 2022 | 19 Jul 2022 | 41 | 40% | 37% | 23% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 45 | 34% | 43% | 23% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 43 | 37% | 43% | 20% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 45 | 35% | 43% | 22% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 44 | 34% | 48% | 18% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 44 | 36% | 46% | 18% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 43 | 34% | 50% | 16% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 45 | 34% | 49% | 17% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 43 | 33% | 48% | 19% | 20% |
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 Company negotiates and agrees payment terms with its suppliers as one element of its procurement process. As a result, payment terms vary by supplier. The most common payment term in place is 60 days, although payment terms range from payment on receipt to 90 days, end of month.
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
90
Dispute Resolution Process
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.
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 DERIVATIVES FRANCE LIMITED is a chemical company that specializes in the production of a range of petrochemicals. The company is a subsidiary of INEOS, one of the largest chemical companies in the world.
The company's sustainability program is focused on reducing its environmental impact and promoting sustainable practices. This includes reducing carbon emissions, implementing waste management strategies, and promoting energy efficiency across its operations.
INEOS DERIVATIVES FRANCE LIMITED offers a variety of products and services, including ethylene, propylene, and polystyrene. These products are used in various industries such as packaging, automotive, and construction.
The key people at INEOS DERIVATIVES FRANCE LIMITED include the CEO, Jean-Luc Bédos, who has over 20 years of experience in the chemical industry. The company also has a team of experienced executives and managers who oversee the day-to-day operations.
To contact INEOS DERIVATIVES FRANCE LIMITED, individuals can visit their website at www.ineos.com or contact their registered office at 1 Avenue de l'Europe, 13090 Aix-en-Provence, France. The company also has a strong online presence on social media platforms such as LinkedIn and Twitter, where they share updates and news about their products and sustainability efforts.
In summary, INEOS DERIVATIVES FRANCE LIMITED is a leading chemical company with a strong focus on sustainability. They offer a range of products and services and are led by a team of experienced professionals. With a commitment to reducing their environmental impact, the company is dedicated to promoting sustainable practices in the chemical industry.
