MEXICHEM UK LIMITED
Company number: 07088219
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
1 August 2025
Approved by:
Kenwin Zhou
Payment statistics
Average time taken to pay invoices: 61 days
Total value paid:
- within 30 days: £6,976,805 (11%)
- in 31 to 60 days: £22,568,104 (34%)
- in 61 days or more: £36,202,364 (55%)
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 51%
- in 61 days or more: 43%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £27,814,193
- payments due in the reporting period which have not been paid within the agreed period: 58%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
113 days
Standard payment terms
The Company negotiates and agrees payment terms with its third party suppliers as part of its procurement process and as a result payment terms can vary by contract and by supplier. Standard preferred payment terms are 90 days following receipt of invoice. The numbers presented above include payments to affiliate companies, with the most common payment term being last working day of 2nd month following month of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
113 days
No further comment provided
Any other information about payment terms
The Company has three prescheduled payment runs for all approved invoices - 1st business day, 10th business day and last business day. The regular payment runs minimise the risk of overdue payments on vendor accounts.
Dispute resolution process
Mexichem UK Limited has a dedicated Accounts Payable helpdesk in the event of a dispute with a supplier that offers them support through to query resolution. This query can be raised via email at APMexichemUKLTD@orbia.com. If required, the query is then forwarded to the buyer or authorised representative of Mexichem UK Limited who will be tasked to reach agreement with the vendor. If the dispute is over payment terms, this will be investigated alongside the review of signed acceptance of engagement contracts, supply agreements or acceptance of the standard terms and conditions on purchase orders.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No