VITACRESS HERBS LIMITED

PaymentCheck Score 2025
80Good
1.5vs last year
#1681 in UK
#60 in Lifestyle And Entertainment
#285 in South East

Company Information

Company Number
00786151
Registered Address
Lower Link Farm Lower Link, St. Mary Bourne, Andover, Hampshire, SP11 6DB
Status
Active
Employee Count
368
Turnover
£45,931,000
EBITDA
£3,334,000

Additional Details

Company Type
Private limited Company
Incorporated On
30 December 1963
Nature of Business
01190 - Growing of other non-perennial crops
Industries
Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
Region
South East

Time to Pay

Average Time to Pay
27 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
70%
31-60 Days
29%
After 60 Days
1%
Not Paid Within Terms4%

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: 2024-07-31
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 202530 Jul 20252866%32%2%3%
01 Jul 2024 - 31 Dec 202431 Jan 20252668%31%1%4%
01 Jul 2023 - 31 Dec 202331 Jan 20242866%32%2%4%
01 Jan 2022 - 30 Jun 202226 Jul 20222670%30%0%3%
01 Jul 2021 - 31 Dec 202125 Jan 20222671%29%0%1%
01 Jan 2021 - 30 Jun 202128 Jul 20212768%32%0%2%
01 Jan 2020 - 30 Jun 202030 Jul 20202964%35%1%6%
01 Jan 2019 - 30 Jun 201929 Jul 20193067%30%3%23%

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

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 information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

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.

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

VITACRESS HERBS LIMITED is a UK-based company that specializes in growing, packing, and supplying fresh herbs to retailers and foodservice providers. The company was founded in 2005 and is headquartered in Hampshire, England.

Sustainability is at the core of VITACRESS HERBS LIMITED's operations, and the company has implemented various initiatives to reduce its environmental impact. This includes using sustainable packaging, implementing efficient irrigation systems, and promoting wildlife conservation on its farms.

The company offers a wide range of fresh herbs, including basil, chives, coriander, mint, and parsley. These herbs are grown in the UK and Portugal, ensuring a consistent supply of high-quality, locally sourced products. VITACRESS HERBS LIMITED also offers a range of organic herbs, which are grown without the use of synthetic pesticides or fertilizers.

The key people at VITACRESS HERBS LIMITED include the managing director, David Phillips, and the head of sustainability, Sarah Baldock. These individuals are committed to the company's sustainability goals and ensuring the highest quality of products for their customers.

The company's website, www.vitacress.com, provides information on their products, sustainability initiatives, and recipes using their fresh herbs. The registered office address is VITACRESS HERBS LIMITED, Factory Road, St Mary Bourne, Andover, Hampshire, SP11 6EX.

In summary, VITACRESS HERBS LIMITED is a leading company in the fresh herbs industry, with a strong focus on sustainability and providing high-quality products to its customers. With a dedicated team and a commitment to environmental responsibility, VITACRESS HERBS LIMITED continues to grow and provide fresh, locally sourced herbs for all to enjoy.

Financial Metrics

Cash
£0
Net Worth
£4,329,000
Total Current Assets
£5,603,000
Total Current Liabilities
£15,319,000

Company Location