Industry ranking
The average payment time of 54 days for UNGERER LIMITED clearly indicates a trend of payments consistently extending beyond standard 30-day terms. A dominant 75% of payments fall within the 31-60 day range, demonstrating a predictable pattern of extended but generally managed payment cycles. Only 11% of invoices are settled within 30 days, suggesting that prompt payment is not a typical characteristic.
While most payments fall predictably within the 31-60 day window, the 14% of payments exceeding 60 days introduces a degree of unpredictability and risk for certain invoices. A 6% late payment rate, coupled with the significant proportion paying beyond 60 days, indicates a moderate risk of extended delays for some transactions. This pattern suggests that while the majority of payments will eventually arrive, a notable subset may be unreliable in their exact timing.
UNGERER LIMITED shows a predictable pattern of extended payment cycles, averaging 54 days, with a majority settling between 31 and 60 days. Suppliers should account for these longer terms in their cash flow planning and may consider negotiating payment terms accordingly or adjusting credit limits. To mitigate the 6% late payment risk and potential for payments over 60 days, clear payment policies and proactive follow-up are advisable.
| 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 May 2020 - 31 Oct 2020 | 02 Dec 2020 | 54 | 11% | 75% | 14% | 6% |
| 01 Nov 2019 - 30 Apr 2020 | 02 Jun 2020 | 55 | 11% | 74% | 15% | 6% |
| 01 May 2019 - 31 Oct 2019 | 22 Nov 2019 | 55 | 9% | 75% | 16% | 15% |
| 01 Nov 2018 - 30 Apr 2019 | 23 May 2019 | 56 | 10% | 74% | 16% | 17% |
| 01 May 2018 - 31 Oct 2018 | 04 Dec 2018 | 54 | 11% | 74% | 15% | 20% |
| 01 Nov 2017 - 30 Apr 2018 | 31 May 2018 | 55 | 11% | 73% | 16% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 DAYS AFTER MONTH END
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
86
A complaint or concern should be raised with the company's management accountant who will review the matter and endeavor to respond within three working days.
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
Ungerer Limited is a UK-registered company, incorporated in 1959 and previously named Ungerer, Limited until 1995. Its registered office is at Givaudan UK's site in Ashford, Kent, indicating it now operates as part of the Givaudan group. Companies House records list its business activities as manufacture of other food products, manufacture of perfumes and toilet preparations, and manufacture of essential oils, pointing to flavour and fragrance ingredient production. No further trading detail, such as products sold directly to end consumers, is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk