INEOS COMMERCIAL SERVICES UK LIMITED
Company Information
- Company Number
- 07445497
- Registered Address
- Hawkslease, Chapel Lane, Lyndhurst, Hampshire, SO43 7FG
- Status
- Active
- Employee Count
- 97
- Turnover
- £1,022,205,000
- EBITDA
- -£58,651,000
Additional Details
- Website
- https://ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 19 November 2010
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- 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 | 39 | 45% | 35% | 20% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 33 | 53% | 33% | 14% | 21% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 38 | 47% | 41% | 12% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 36 | 50% | 39% | 11% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 40 | 43% | 39% | 18% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 39 | 44% | 39% | 17% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 34 | 51% | 37% | 12% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 43 | 36% | 48% | 16% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 33 | 52% | 34% | 14% | 37% |
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 90 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 COMMERCIAL SERVICES UK LIMITED is a chemical manufacturing company that operates under the umbrella of INEOS Group Holdings PLC. The company is headquartered in London, United Kingdom and has a registered office address at INEOS House, 5th Floor, 45 Mortimer Street, London, W1W 8HJ.
As a leading producer of petrochemicals, INEOS COMMERCIAL SERVICES UK LIMITED offers a wide range of products and services to various industries such as automotive, construction, packaging, and healthcare. Their products include ethylene, propylene, polyethylene, and polypropylene, among others.
In addition to their business operations, INEOS COMMERCIAL SERVICES UK LIMITED is committed to sustainability and has a strong focus on reducing their environmental impact. They have implemented various initiatives to improve their energy efficiency, reduce waste, and promote recycling. The company also invests in renewable energy sources and conducts regular audits to ensure compliance with environmental regulations.
The key people at INEOS COMMERCIAL SERVICES UK LIMITED include CEO Andrew Gardner and Chairman Jim Ratcliffe, who have been at the forefront of driving the company's growth and sustainability efforts.
For more information about their products and services, customers can visit their website at www.ineos.com. They can also contact the company via phone at +44 (0) 20 7269 3400 or email at commercial.services@ineos.com. INEOS COMMERCIAL SERVICES UK LIMITED strives to provide high-quality products and services while maintaining a strong commitment to sustainability.
