INOVYN EUROPE LIMITED
Company Information
- Company Number
- 10398354
- Registered Address
- Bankes Lane Office, Bankes Lane, Runcorn, Cheshire, United Kingdom, WA7 4EL
- Status
- Active
- Employee Count
- 3
- Turnover
- £2,385,550,000
- EBITDA
- £21,493,000
Additional Details
- Website
- https://inovyn.com
- Company Type
- Private limited Company
- Incorporated On
- 28 September 2016
- Nature of Business
- 20160 - Manufacture of plastics in primary forms
- Industries
- Raw Materials And Intermediate Goods
- Region
- North West
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 38 | 46% | 41% | 13% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 37 | 51% | 33% | 16% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 42 | 40% | 47% | 13% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 40 | 46% | 36% | 18% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 43 | 45% | 37% | 18% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 39 | 49% | 34% | 17% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 38 | 46% | 36% | 17% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 38 | 49% | 37% | 14% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 40 | 41% | 47% | 12% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 43 | 35% | 50% | 15% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 44 | 31% | 53% | 16% | 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
INOVYN Europe Limited has standard payment terms of within 63 days from end of month of invoice. There may be exceptions where contractually different payment terms are established, these will apply on an individual basis as agreed. This is quoted in INOVYN Europe Limited’s terms and conditions of purchase
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
As is the case with a number of businesses in this industry, weekly payment runs are performed. Several payment runs are performed at month end to clear payables due at month end and within the first working week. Invoices due but not paid within agreed terms: • Based on number of Invoices – 9% • Based on value of Invoices – 6%
Maximum contractual payment period agreed
90
Dispute Resolution Process
For dispute resolution INOVYN Europe Limited provides contact details for the accounts payable department on all purchase orders. In addition suppliers are advised to notify the procurement contact indicated on the purchase order should they have any further enquires or require additional assistance.
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
INOVYN EUROPE LIMITED is a leading chemical company that operates across Europe. The company is committed to sustainability and aims to be a responsible and sustainable business in all aspects of its operations.
The company's sustainability program focuses on reducing its environmental impact, promoting ethical and responsible business practices, and ensuring the health and safety of its employees. INOVYN EUROPE LIMITED has implemented various measures to achieve these goals, including reducing greenhouse gas emissions, minimizing waste, and promoting sustainable sourcing of raw materials.
INOVYN EUROPE LIMITED offers a wide range of chemical products and services, including PVC, caustic soda, and chlorine. These products are used in various industries such as construction, automotive, and healthcare. The company strives to provide high-quality products that meet customers' needs while minimizing their environmental impact.
Key people in INOVYN EUROPE LIMITED include CEO Chris Tane, who has over 25 years of experience in the chemical industry, and Chairman Jean-Marc Vacheron, who has a strong background in finance and operations. The company has a team of dedicated professionals who work together to drive the company's growth and success.
For more information on INOVYN EUROPE LIMITED and its products and services, you can visit their website at https://www.inovyn.com/. The company's registered office address is at INEOS House, 2nd Floor, 60-68 Haymarket, London, SW1Y 4RF, United Kingdom.
