Their own payment-practices filing · gov.uk
Mexichem Specialty Compounds Limited paid suppliers in 63 days on average — inside its 121-day stated terms
Their H2 2019 filing put the average 58 days inside their stated 121-day term.
- Their stated terms
- 121 days
- Paid outside agreed terms
- 1% of invoices
- Paid after 61+ days
- 42%
- Reporting period
- 1 Jul 2019 – 31 Dec 2019
- Source
- their gov.uk filing, filed 31 Jan 2020
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2019 filing
Paid 58 days inside the 121-day term they state
Where their invoices landed · share of all invoices
The pattern · last 4 of 4 reports
73 → 63 days — faster across the window
The read · computed from their figures
Mexichem Specialty Compounds Limited's H2 2019 filing put their average at 63 days against stated terms of 121 days; 1% of invoices were paid outside agreed terms and 42% took 61 days or longer. Filed 31 Jan 2020.
The direction is faster: from 73 days in H1 2018 to 63 now — 10 days faster across their last 4 reports.
That is 4 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
61 days End of month following document month
Dispute resolution
All payment terms are agreed before the account is set up onto the business system. Any amendments have to be agreed by both parties with terms outside of the standard terms having to be agreed with the Financial Director. There are two forms of agreement with vendors. There is either there is a signed acceptance of the MSC Ltd standard terms and conditions or there is a formal contract or supply agreement signed by both parties.
Other information
There are two payment runs made in each month – on the 15th and last day of the month with payments clearing at the suppliers account the following day. All payments outside of this are either due to payments made under direct debit or to be paid in line with contract – for example on a capital purchase there could be deposits that are required to be made on purchase order. The payment terms are set up in the business system (SAP) and the payments are processed in line with these terms
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2019 | 63 | 1% | 42% | 31 Jan 2020 |
| H1 2019 | 69 | 2% | 46% | 29 Jul 2019 |
| H2 2018 | 51 | 1% | 38% | 23 Jan 2019 |
| H1 2018 | 73 | 5% | 40% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 6 Jul 1981
- Registered office
- C/O MEXICHEM 8 BELER WAY, MELTON MOWBRAY, LE13 0DG
Quick answers · Mexichem Specialty Compounds Limited
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How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-01572669 · latest period to 31 Dec 2019
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