AAK (UK) LIMITED
Company Information
- Company Number
- 01585686
- Registered Address
- King George Dock, Kingston-Upon-Hull, North Humberside, HU9 5PX
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £107,000
Additional Details
- Website
- https://aak.com/
- Company Type
- Private limited Company
- Incorporated On
- 14 September 1981
- Nature of Business
- 10410 - Manufacture of oils and fats
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
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 2018 - 31 Dec 2018 | 23 Jan 2019 | 29 | 57% | 39% | 4% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 27 | 61% | 37% | 2% | 16% |
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
AAK Group policy for standard supplier payment terms is 60 days unless specifically negotiated otherwise. Payment terms for oil contracts, which are a significant proportion of the company's expenditure, are typically much shorter than 60 days and can even be made in advance of delivery which significantly reduces our average number of days taken to make payment.
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
75
Dispute Resolution Process
AAK (UK) Ltd will discuss any issues surrounding payment with the supplier direct to seek a mutually agreeable resolution. Payment will not be unreasonably withheld.
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.
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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?
❌
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
AAK (UK) LIMITED is a sustainable, modern and innovative company based in the United Kingdom. They specialize in producing high-quality vegetable oils and fats for various industries, including food, cosmetics, and animal nutrition.
Their sustainability program focuses on responsible sourcing of raw materials, reducing their carbon footprint, and promoting ethical and fair practices throughout their supply chain. AAK (UK) LIMITED is committed to minimizing their impact on the environment and continuously improves their processes to achieve their sustainability goals.
The company offers a wide range of sustainably sourced and produced products, such as shea butter, coconut oil, and cocoa butter, to name a few. These products are used in various applications, from food ingredients to personal care products.
The key people at AAK (UK) LIMITED are Managing Director, Roger White, and Head of Sustainability, Fredrik Eriksson. They lead a team of dedicated professionals who are passionate about sustainability and delivering high-quality products to their customers.
For more information about AAK (UK) LIMITED and their products and services, you can visit their website at www.aak.com/uk. Their registered office address is at King George Dock, Hedon Road, Hull, East Yorkshire, HU9 5PR, United Kingdom. AAK (UK) LIMITED is committed to sustainability and providing customers with the best products, making them a trusted and reliable company in the industry.
