INEOS SALES (UK) LIMITED
Company Information
- Company Number
- 07445505
- Registered Address
- Hawkslease, Chapel Lane, Lyndhurst, England, SO43 7FG
- Status
- Active
- Employee Count
- 126
- Turnover
- £2,318,091,000
- EBITDA
- £17,708,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 November 2010
- Nature of Business
- 19201 - Mineral oil refining
- 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 | 25 | 73% | 24% | 3% | 66% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 27 | 77% | 18% | 5% | 63% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 21 | 83% | 16% | 1% | 63% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 24 | 84% | 9% | 7% | 57% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 19 | 89% | 8% | 3% | 62% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 19 | 89% | 9% | 2% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 14 | 94% | 5% | 1% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 14 | 93% | 6% | 1% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 13 | 93% | 6% | 1% | 12% |
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 15 days, end of month, although payment terms range from payment on receipt to 60 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
60
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.
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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 SALES (UK) LIMITED is a leading chemical company in the United Kingdom, specializing in the production and distribution of a wide range of products for various industries. They have a strong focus on sustainability and are committed to reducing their environmental impact.
The company's sustainability program includes initiatives such as reducing greenhouse gas emissions, promoting the use of renewable energy sources, and implementing waste reduction strategies. They also have a dedicated team that works towards improving the sustainability of their products and processes.
Their product range includes chemicals for the manufacturing of plastics, coatings, detergents, and other industrial applications. They also offer a variety of specialty chemicals for the healthcare, food, and personal care industries.
The key people of INEOS SALES (UK) LIMITED include CEO, John Reece, and CFO, Andrew Currie, who lead the company with their extensive experience in the chemical industry.
The company can be contacted through their website, which provides detailed information about their products, services, and sustainability efforts. Their registered office address is at Lyndean House, 43-46 Queens Road, Brighton, East Sussex, BN1 3XB, United Kingdom.
In conclusion, INEOS SALES (UK) LIMITED is a reputable chemical company in the UK, known for its commitment to sustainability and high-quality products. With a strong leadership team and a focus on innovation, they continue to be a leader in the industry.
