Industry ranking
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.
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.
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%.
| 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 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 43 | 27% | 49% | 24% | 67% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
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.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
VALTRIS ADVANCED ORGANICS LIMITED is an active private limited company, incorporated on 20 September 2012, based in the North West region. Registered business activity: Manufacture of other organic basic chemicals.
From Companies House records.