VITACRESS SALADS LIMITED
Company Information
- Company Number
- 00689950
- Registered Address
- Lower Link Farm, Lower Link St Mary Bourne, Andover, Hampshire, SP11 6DB
- Status
- Active
- Employee Count
- 579.0
- Turnover
- 51589000.0
- EBITDA
- -5495000.0
Additional Details
- Website
- https://vitacress.com
- Company Type
- Private limited Company
- Incorporated On
- 17 April 1961
- Nature of Business
- 01190 - Growing of other non-perennial crops
- Industries
- 0
- Region
- South East
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 | 36 | 54% | 41% | 5% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 36 | 56% | 36% | 8% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 38 | 45% | 45% | 10% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 34 | 56% | 40% | 4% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 38 | 49% | 44% | 7% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 37 | 47% | 49% | 4% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 39 | 44% | 50% | 6% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 37 | 42% | 54% | 4% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 33 | 49% | 50% | 1% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 39 | 35% | 59% | 6% | 41% |
| 01 Jul 2018 - 31 Dec 2018 | 10 Apr 2019 | 37 | 42% | 53% | 4% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 10 Apr 2019 | 36 | 46% | 51% | 3% | 32% |
Company Summary
VITACRESS SALADS LIMITED is a UK-based company that specializes in the production and distribution of fresh salads and herbs
The company was founded in 1951 and has since grown to become one of the largest salad producers in Europe
The company's sustainability program is a key focus and is embedded in all aspects of their operations
VITACRESS SALADS LIMITED is committed to reducing their environmental impact and promoting sustainable practices
They have implemented various initiatives such as reducing water and energy usage, using recyclable packaging, and sourcing their produce from local and ethical suppliers
Their product portfolio includes a wide range of salads, herbs, and vegetables, all grown using sustainable farming methods
These products are sold to major retailers, restaurants, and foodservice companies across the UK and Europe
The key people behind VITACRESS SALADS LIMITED include Managing Director Paul Warren and Chairman Simon Conway
They lead a team of experienced professionals who are dedicated to delivering high-quality, sustainable products to their customers
To contact VITACRESS SALADS LIMITED, individuals can visit their website at www.vitacress.com
Their registered office address is VITACRESS SALADS LIMITED, Woodside Park, Cattlegate Road, Enfield, EN2 9DG, UK
In conclusion, VITACRESS SALADS LIMITED is a leading company in the salad and herb industry, known for its commitment to sustainability and high-quality products
With a strong leadership team and a focus on responsible practices, the company continues to provide fresh and healthy options to consumers while minimizing their environmental impact
Company Review
Trend Analysis
VITACRESS SALADS LIMITED has shown consistent performance in terms of average time taken to pay invoices over the past three years. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the most recent period.
Volatility Analysis
The company has shown a low level of volatility in terms of average time taken to pay invoices, with a range of only 4 days between the highest and lowest values.
Summary Analysis
From the data provided, it can be seen that VITACRESS SALADS LIMITED has maintained an average time to pay of around 36-39 days over the past three years. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the most recent period, with a decrease in the percentage of invoices paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 55 days unless agreed otherwise between customer and supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Vitacress place high importance on ensuring queries are solved in a timely manner. Invoices are processed and recorded on the system as soon as they are received. Any dispute is queried either directly with the supplier or the procurement team dependent on the query. Once all parties are in agreement, the invoice is processed 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.
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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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
