INEOS SOLVENTS ETHANOL LIMITED
Company Information
- Company Number
- 09728620
- Registered Address
- Anchor House 15-19 Britten Street, Chelsea, London, United Kingdom, SW3 3TY
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£82,664
Additional Details
- Website
- https://ineos.com
- Company Type
- Private limited Company
- Incorporated On
- 12 August 2015
- Nature of Business
- 20130 - Manufacture of other inorganic basic chemicals
- Industries
- Raw Materials And Intermediate Goods
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2021 - 31 Dec 2021 | 28 Jan 2022 | 26 | 66% | 23% | 11% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 44 | 22% | 61% | 17% | 62% |
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 payment term and terms are negotiated individually per supplier. The numbers above therefore represent the full range of payment terms offered from different suppliers. In the reporting period the weighted average payment terms (based on value of invoices paid) was 46 days, and the average terms based on number of payments was 20 days. The most common payment terms entered into during the reporting period was prompt payment.
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
82
Dispute Resolution Process
The company is committed to dealing with its suppliers in a fair, honest and open manner. In the first instance any disputes received will be directed to our purchase ledger team and then escalated to the Finance Manager if the dispute is not satisfactorily resolved. The company aims to resolve any dispute which may arise in a timely manner.
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.
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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?
❌
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 Solvents Ethanol Limited is a leading manufacturer and supplier of sustainable ethanol products in the United Kingdom. They are committed to promoting sustainability and reducing their carbon footprint in all aspects of their business.
The company produces high-quality ethanol, a renewable and environmentally-friendly fuel, from sustainably-sourced raw materials. Additionally, they offer a range of other sustainable products, including bioethanol and bioplastics, which are used in various industries such as pharmaceuticals, cosmetics, and cleaning products.
Under their sustainability program, INEOS Solvents Ethanol Limited has set ambitious targets to reduce their greenhouse gas emissions and waste production. They also prioritize the safety of their employees and stakeholders, as well as the protection of the environment.
The company's key people include CEO John Reece, who leads a team of experienced professionals in the industry. Their registered office address is at INEOS House, 10 Belvedere Road, London, SE1 7EF. They can be contacted via their website, www.ineos.com, for more information about their products and services.
In summary, INEOS Solvents Ethanol Limited is a pioneering company in the sustainable ethanol industry, offering high-quality products while prioritizing sustainability and safety. With their committed leadership and strong focus on sustainability, they are well-positioned to continue providing innovative solutions for a greener future.
