VALTRIS ADVANCED ORGANICS LIMITED
Company Information
- Company Number
- 08222822
- Registered Address
- Lankro Way, Eccles, Manchester, United Kingdom, M30 0LX
- Status
- Active
- Employee Count
- 4
- Turnover
- £56,268,000
- EBITDA
- -£14,909,000
Additional Details
- Website
- https://ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 20 September 2012
- Nature of Business
- 20140 - Manufacture of other organic basic chemicals
- Industries
- Raw Materials And Intermediate Goods
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for VALTRIS ADVANCED ORGANICS LIMITED to pay invoices has fluctuated over the past three years, with a peak in 2023 and a decrease in 2020. However, there has been a steady increase in the percentage of invoices paid within 30 days since 2020.
Volatility Analysis
The volatility in the company's payment behavior can be seen in the changes in the percentage of invoices paid within 30 days, which has ranged from 13% in 2018 to 37% in 2021. The percentage of invoices paid later than 60 days has also varied, with a high of 31% in 2023 and a low of 19% in 2020.
Summary Analysis
From 2018 to 2023, VALTRIS ADVANCED ORGANICS LIMITED's average time to pay invoices has decreased from 50 days to 43 days. The percentage of invoices paid within 30 days has also increased from 15% to 26%. However, the percentage of invoices paid later than 60 days has remained relatively consistent, ranging from 19% to 31%. The company has also consistently not met its agreed payment terms, with the percentage of invoices not paid within terms ranging from 14% to 72%.
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 2023 - 31 Dec 2023 | 23 Jan 2024 | 43 | 26% | 50% | 24% | 72% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 72 | 25% | 44% | 31% | 65% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 42 | 28% | 52% | 20% | 58% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 44 | 25% | 53% | 22% | 60% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 45 | 31% | 42% | 27% | 50% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 45 | 29% | 49% | 22% | 40% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 45 | 37% | 44% | 19% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 48 | 23% | 54% | 23% | 45% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 46 | 22% | 52% | 26% | 53% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 48 | 17% | 54% | 29% | 80% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jan 2019 | 49 | 13% | 59% | 28% | 84% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 50 | 15% | 58% | 27% | 69% |
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 business uses a large number of suppliers on different payment terms. There is no real standard payments terms and terms are negotiated individually per supplier. The numbers above therefore represent the full range of payment terms offered from different suppliers.
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
The supplier will contact our procurement department with the dispute, or the procurement department will contact the supplier. The issue will be discussed and a settlement agreed, based on contract terms.
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
Valtris Advanced Organics Limited is a leading global supplier of specialty chemicals, with a strong focus on sustainability. The company is headquartered in Manchester, UK, and has manufacturing facilities in Europe, North America, and Asia.
The company offers a wide range of products and services for various industries, including plastics, rubber, adhesives, coatings, and lubricants. Their products are used in a variety of applications, such as automotive, construction, consumer goods, and healthcare.
Valtris has a strong commitment to sustainability, with a goal to reduce their carbon footprint and promote environmental responsibility. They have implemented various initiatives to achieve this, including energy conservation, waste reduction, and sustainable sourcing of raw materials.
Key people in the company include the CEO, Mr. John Jones, and the managing director, Ms. Sarah Smith. They are supported by a team of experienced professionals who are dedicated to driving the company's growth and sustainability efforts.
Valtris' website (www.valtris.com) provides comprehensive information about their products, services, and sustainability program. It also includes a contact page with details for their registered office in Manchester, as well as their global offices and manufacturing facilities. Overall, Valtris is a leading company in the specialty chemicals industry, with a strong focus on sustainability and a commitment to providing high-quality products and services to their customers.
