VITACRESS HERBS LIMITED
Company Information
- Company Number
- 00786151
- Registered Address
- Lower Link Farm Lower Link, St. Mary Bourne, Andover, Hampshire, SP11 6DB
- Status
- Active
- Employee Count
- 368.0
- Turnover
- 45931000.0
- EBITDA
- 3334000.0
Additional Details
- Website
- https://www.vitacress.com/
- 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
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 | 28 | 66% | 32% | 2% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 28 | 68% | 31% | 1% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 27 | 68% | 32% | 0% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 26 | 70% | 30% | 0% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 26 | 71% | 29% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 27 | 68% | 32% | 0% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 26 | 69% | 30% | 1% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 29 | 64% | 35% | 1% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 29 | 63% | 35% | 2% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 30 | 67% | 30% | 3% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 10 Apr 2019 | 31 | 64% | 33% | 3% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 10 Apr 2019 | 31 | 62% | 33% | 5% | 31% |
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
Company Review
Trend Analysis
The trend for VITACRESS HERBS LIMITED over the past three periods (2018-2023) shows a consistent decrease in the average time taken to pay invoices, from 31 days in 2018 to 28 days in 2023. This indicates an improvement in the company's payment efficiency over time.
Volatility Analysis
The volatility of VITACRESS HERBS LIMITED's payment patterns is relatively low, with only minor fluctuations in the percentage of invoices paid within 30 days and between 31-60 days. However, there is a significant decrease in the percentage of invoices paid later than 60 days in 2019, followed by a slight increase in 2020 before returning to a low level in 2023.
Summary Analysis
From 2018 to 2023, VITACRESS HERBS LIMITED has consistently improved their payment efficiency, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. The company has also shown a decrease in the percentage of invoices paid later than 60 days, with the lowest level being in 2020. However, there was a slight increase in 2023, indicating a need for continued monitoring of payment patterns.
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
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.
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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
