INEOS CHEMICALS GRANGEMOUTH LIMITED
Company Information
- Company Number
- 06981897
- Registered Address
- Hawkslease, Chapel Lane, Lyndhurst, Hampshire, SO43 7FG
- Status
- Active
- Employee Count
- 593
- Turnover
- £366,890,000
- EBITDA
- -£47,083,000
Additional Details
- Website
- https://ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 5 August 2009
- Nature of Business
- 20140 - Manufacture of other organic basic chemicals20160 - Manufacture of plastics in primary forms
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- South East
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 Jul 2024 - 31 Dec 2024 | 22 Jan 2025 | 52 | 32% | 38% | 30% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 49 | 31% | 35% | 34% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 46 | 38% | 34% | 28% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 43 | 41% | 35% | 24% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 47 | 40% | 32% | 28% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 45 | 42% | 34% | 24% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 46 | 37% | 35% | 28% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 44 | 44% | 34% | 22% | 31% |
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 30 days, end of month, although payment terms range from payment on receipt to 64 days, end of month.
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
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 CHEMICALS GRANGEMOUTH LIMITED is a leading chemical company based in Grangemouth, Scotland. The company has a strong focus on sustainability and is committed to reducing its environmental impact through various initiatives.
The company's main activities include the production and sale of a wide range of chemicals, including ethylene, propylene, and polyethylene. These chemicals are used in various industries such as packaging, construction, and automotive.
INEOS CHEMICALS GRANGEMOUTH LIMITED has a strong sustainability program in place, which includes reducing carbon emissions, implementing energy-efficient practices, and promoting recycling and waste reduction. The company also invests in renewable energy sources, such as wind turbines, to reduce its reliance on fossil fuels.
Some key people at INEOS CHEMICALS GRANGEMOUTH LIMITED include CEO John McNally and Sustainability Director Dr. Tom Crotty. The company's registered office address is at Inchinnan Business Park, Renfrewshire, PA4 9LH, United Kingdom.
For more information about INEOS CHEMICALS GRANGEMOUTH LIMITED and its products and services, you can visit their website at www.ineos.com or contact them at +44 (0) 141 848 4000. With its strong focus on sustainability and high-quality chemical products, INEOS CHEMICALS GRANGEMOUTH LIMITED continues to be a trusted and reliable partner for its customers.
