DOW CHEMICAL SERVICES UK LIMITED
Company Information
- Company Number
- 07204046
- Registered Address
- 5 Oakwater Avenue, Cheadle Royal Business Park, Cheadle, United Kingdom, SK8 3SR
- Status
- Active
- Employee Count
- 72
- Turnover
- £16,198,000
- EBITDA
- £20,351,000
Additional Details
- Website
- https://dowhyperlast.com
- Company Type
- Private limited Company
- Incorporated On
- 25 March 2010
- Nature of Business
- 78300 - Human resources provision and management of human resources functions
- Industries
- Human Resources, Recruitment And Admin
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for DOW CHEMICAL SERVICES UK LIMITED to pay invoices to suppliers has fluctuated over the past three periods, with a decrease in 2019 followed by an increase in 2020 and then a slight decrease in 2021. The company has consistently paid invoices within 60 days, with a peak of 56% in 2020. However, there has been a steady decrease in the percentage of invoices paid within 30 days since 2018.
Volatility Analysis
The volatility of DOW CHEMICAL SERVICES UK LIMITED's payment process has been relatively low, with the average time to pay invoices remaining between 40-50 days and the percentage of invoices paid within 30 days fluctuating between 14-41% over the past three periods.
Summary Analysis
From 2018 to 2021, DOW CHEMICAL SERVICES UK LIMITED's average time to pay invoices has ranged from 35 to 52 days, with a slight decrease in 2021 compared to the previous two periods. However, the percentage of invoices paid within 30 days has decreased significantly from 41% in 2018 to only 20% in 2021. This trend suggests that the company may be taking longer to pay invoices, which could potentially affect their relationships with suppliers.
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 | 17 Feb 2025 | 47 | 37% | 22% | 41% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 51 | 30% | 29% | 41% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 51 | 24% | 26% | 50% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 50 | 25% | 20% | 55% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 54 | 28% | 29% | 43% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 47 | 23% | 33% | 44% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 48 | 20% | 41% | 39% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Aug 2021 | 48 | 21% | 36% | 43% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 52 | 18% | 32% | 50% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 69 | 14% | 30% | 56% | 26% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 45 | 32% | 26% | 42% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 13 Aug 2019 | 42 | 38% | 31% | 31% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 86 | 30% | 25% | 45% | 55% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 35 | 41% | 46% | 13% | 25% |
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
NET 60 48.80 % NET 30 27.20 % NET 45 10.40 %
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
60
Dispute Resolution Process
A supplier invoice can be received either in paper or PDF format. The paper invoice will be barcoded and scanned, the PDF invoice will be uploaded into the ERP system. Invoices with a purchase order. A first pass attempt to post the invoice in the financial book of records will be executed, whereby the invoice amounts and quantities will be matched versus the purchase order. In case of discrepancies, an internal follow up will be performed with the purchase requisitioner or goods receiver for the quantity part and/or with the buyer for unit price deviations. If the discrepancy cannot be solved and are rejected by the internal partners, the invoice will be rejected and sent back to supplier with the request to issue a corrective invoice or (partial) credit note. If the discrepancy has been reviewed and proper follow up is provided to solve it, the invoice will be posted. This financial posting may be subject to an additional internal audit which will block the entry. Once the audit is performed, the block will be released and the invoice is ready for payment. Invoice without a purchase order. The invoice should at least indicate a reference or a contact person which should enable the request to review the invoice on correctness. If no reference is available, the invoice will rejected and sent back to the supplier with request to provide proper reference or contact details. If a reference or contact is available, an internal follow up will be performed to have the invoice reviewed on correctness and to acquire authorization for payment. Based on the authorization, the invoice will be posted. If no authorization can be obtained, the invoice will be rejected and sent back to supplier with the request to issue a corrective invoice or (partial) credit note. This financial posting may be subject to an additional internal audit which will block the entry. Once the audit is performed, the block will be released and the invoice is ready for payment. The payment due date of the invoice is calculated based on the agreed upon payment terms. Once the due date is reached, the invoice will be selected for payment
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
DOW CHEMICAL SERVICES UK LIMITED is a leading chemical company that operates in the United Kingdom. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.
Their sustainability program includes investing in clean energy, reducing greenhouse gas emissions, and promoting resource efficiency. They also prioritize the health and safety of their employees and communities in which they operate.
The company offers a wide range of products and services in various industries such as agriculture, construction, consumer goods, and packaging. Their products are designed to meet the specific needs of their customers while also being environmentally friendly.
The key people at DOW CHEMICAL SERVICES UK LIMITED include the Managing Director, Jonathan Evans, and the Head of Sustainability, Sarah Wilson. They are responsible for driving the company's sustainability efforts and ensuring its success.
To contact DOW CHEMICAL SERVICES UK LIMITED, individuals can visit their website at www.dow.com/uk or contact their registered office at 6th Floor, Building E10, 900 Capability Green, Luton, Bedfordshire, LU1 3LU. Overall, DOW CHEMICAL SERVICES UK LIMITED is a leader in sustainability and continues to innovate and provide high-quality products and services to its customers while also prioritizing the planet and its people.
