SYNTHITE LIMITED

PaymentCheck Score 2025
64Fair
1.0vs last year
#2825 in UK
#82 in Supply Chain
#41 in Wales

Company Information

Company Number
00164640
Registered Address
Alyn Works, Denbigh Road, Mold, Flintshire, CH7 1BT
Status
Active
Employee Count
94
Turnover
£75,176,000
EBITDA
£3,125,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 February 1920
Nature of Business
20140 - Manufacture of other organic basic chemicals
Industries
Supply Chain,Manufacturing And Commerce Models
Region
Wales

Time to Pay

Average Time to Pay
37 days
Shortest Period:20 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
32%
31-60 Days
67%
After 60 Days
1%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-07-18
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202518 Jul 20253732%67%1%1%
01 Jul 2024 - 31 Dec 202429 Jan 20253634%65%1%2%
01 Jul 2023 - 31 Dec 202330 Jan 20243831%67%2%2%
01 Jul 2021 - 31 Dec 202121 Jan 20223831%67%2%1%
01 Jan 2019 - 30 Jun 201912 Jul 20193438%61%1%1%

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

Last Day Of The Month Following Invoice Date

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

60

Dispute Resolution Process

All disputes are communicated with suppliers by our purchasing department prior to approval of invoices. Only upon resolution will invoices be approved for payment.

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

SYNTHITE LIMITED is a leading manufacturer and exporter of value-added spice extracts, essential oils, and natural food colors. Established in 1972, the company is headquartered in Cochin, India and has a presence in over 90 countries.

The company's sustainability program focuses on reducing its environmental impact, promoting social responsibility, and ensuring ethical business practices. This includes implementing eco-friendly production processes, reducing greenhouse gas emissions, and promoting sustainable sourcing of raw materials. SYNTHITE also has a comprehensive waste management system and has received various certifications for their sustainable practices.

The products and services offered by SYNTHITE include spice extracts such as black pepper, ginger, and cinnamon, essential oils like lemongrass and clove, and natural food colors derived from sources like paprika and turmeric. These products are used in various industries including food and beverage, cosmetics, and pharmaceuticals.

The key people at SYNTHITE LIMITED include Mr. Viju Jacob, the Managing Director, and Mr. George Paul, the Director. They are supported by a team of experienced professionals who are committed to delivering high-quality products and services.

The company's website address is www.synthite.com and their registered office address is Synthite Industries Ltd, Synthite Valley, Kolenchery, Cochin – 682311, Kerala, India.

In summary, SYNTHITE LIMITED is a sustainable and socially responsible company that offers a range of high-quality spice extracts, essential oils, and natural food colors. With a strong commitment to sustainability and ethical business practices, the company has established itself as a trusted global brand in the industry.

Financial Metrics

Cash
£5,463,968
Net Worth
£32,809,804
Total Current Assets
£25,903,270
Total Current Liabilities
£7,435,243

Company Location