KERRY INGREDIENTS UK LIMITED
Company Information
- Company Number
- 00329695
- Registered Address
- Kerry, Bradley Road, Royal Portbury Dock, Bristol, BS20 7NZ
- Status
- Active
- Employee Count
- 1693.0
- Turnover
- 689793000.0
- EBITDA
- 34613000.0
Additional Details
- Website
- https://kerrygroup.com
- Company Type
- Private limited Company
- Incorporated On
- 12 July 1937
- Nature of Business
- 10890 - Manufacture of other food products not elsewhere classified
- Industries
- 0
- Region
- South West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 99 | 6% | 21% | 73% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 87 | 7% | 25% | 68% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 91 | 5% | 22% | 73% | 38% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 89 | 6% | 24% | 70% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2022 | 88 | 7% | 24% | 69% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 87 | 7% | 27% | 66% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 87 | 5% | 28% | 67% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 79 | 9% | 27% | 64% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 73 | 10% | 32% | 58% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 69 | 10% | 38% | 52% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 70 | 9% | 41% | 50% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 64 | 10% | 46% | 44% | 27% |
Company Summary
KERRY INGREDIENTS (UK) LIMITED is a leading food ingredients and flavors company based in the UK
They are committed to sustainability throughout their operations and have put in place various initiatives to reduce their environmental impact
Their sustainability program includes reducing energy consumption, minimizing waste, and sourcing ingredients from sustainable and ethical suppliers
They also have a focus on promoting biodiversity and supporting local communities
KERRY INGREDIENTS (UK) LIMITED offers a wide range of products and services, including natural and artificial flavors, sweeteners, and functional ingredients
They cater to various industries such as food and beverage, pharmaceuticals, and personal care
The key people at KERRY INGREDIENTS (UK) LIMITED include their CEO, Edmond Scanlon, and their Managing Director, Malcolm Sheil
Both have extensive experience in the food and beverage industry and are committed to driving the company's sustainability efforts
The company's website address is www.kerry.com and their registered office address is Thorpe Lea Manor, Thorpe Lea Road, Egham, Surrey, TW20 8HY, United Kingdom
Customers can contact them via phone at +44 (0)1784 430777 or email at info@kerry.com
In summary, KERRY INGREDIENTS (UK) LIMITED is a leading food ingredients and flavors company with a strong commitment to sustainability
Their diverse range of products and services, along with their focus on environmental responsibility, make them a key player in the UK food industry
Company Review
Trend Analysis
The average time taken for KERRY INGREDIENTS (UK) LIMITED to pay invoices has steadily increased over the past three periods, from 64 days in 2018 to 99 days in 2023. The percentage of invoices paid within 30 days has decreased from 10% to 6%, while the percentage of invoices paid between 31 and 60 days has also decreased from 46% to 21%. On the other hand, the percentage of invoices paid later than 60 days has increased from 44% to 73%.
Volatility Analysis
The volatility in the average time taken to pay invoices for KERRY INGREDIENTS (UK) LIMITED has been relatively low, with the average time ranging from 64 days to 99 days. However, there has been a significant increase in the percentage of invoices paid later than 60 days, which has fluctuated between 44% and 73% over the past three periods.
Summary Analysis
Between 2018 and 2023, KERRY INGREDIENTS (UK) LIMITED has seen a steady increase in the average time taken to pay invoices, with a slight decrease in the percentage of invoices paid within 30 days and a significant decrease in the percentage of invoices paid between 31 and 60 days. The company has also seen a significant increase in the percentage of invoices paid later than 60 days. The best period for KERRY INGREDIENTS (UK) LIMITED in terms of early payment was in 2022, where 6% of invoices were paid within 30 days. The worst period for the company was in 2023, where 73% of invoices were paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Kerry has over 20 terms in use with suppliers, the most common being 90 days from date of invoice. Shorter terms may be granted to small businesses, charities, business organisations and government entities. Negotiations with suppliers happen on a continuous basis and payment terms may change as a result of agreements reached.
Were there any changes to the standard payment terms in the reporting period?
Yes – Yes - changes were made based on the outcome of supplier negotiations. During this reporting period there were no unilateral changes to payment terms.
Any other information about payment terms
Payment Terms are negotiated with each supplier and a wide range of terms are available for use. The terms used have been agreed to by suppliers and there is strong commitment to meet these terms.
Maximum contractual payment period agreed
120
Dispute Resolution Process
Invoices are processed in a structured, rule based process. Invoices which do not contain key information will be returned to the vendor with an accompanying note. Invoices which are accepted and are submitted for processing may encounter a discrepancy. In the first instance, a designated receiver of goods or a designated buyer of the goods will receive an automated request to confirm the quantity received and/or the price on the Purchase Order. If it is determined that the invoice does not match the quantity received or the price agreed, Accounts Payable will hold the invoice while a Credit Note is requested. When the correct Credit Note is received, it is processed with the original invoice to enable payment. A supplier invoicing guide is made available to suppliers. In addition to invoicing instructions, this guide also provides addresses, telephone numbers and e-mail addresses which can be used to resolve a dispute.
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
