Industry ranking
| 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 2025 - 31 Dec 2025 | 27 Jan 2026 | 39 | 44% | 43% | 13% | 6% |
| 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 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 38 | 48% | 38% | 14% | 14% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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.
Maximum contractual payment period agreed
90
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.
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
INOVYN EUROPE LIMITED is a UK-registered entity within the INEOS Inovyn group, based at Runcorn, Cheshire. Its registered activity is the manufacture of plastics in primary forms. The wider group, of which it forms part, describes itself as Europe's largest producer of chlorvinyls and the global leader in speciality PVC, manufacturing chemicals used as raw materials across construction, automotive, healthcare and renewable energy applications. The group's portfolio spans general purpose vinyls, specialty vinyls, organic chlorine derivatives, chlor-alkali, hydrogen and performance chemicals, with manufacturing, sales and marketing operations across several European countries. This entity itself is one of several INOVYN-branded companies operating within that group structure.
Generated from the company's website and Companies House records. Sources: inovyn.com