FASTNET FISH LIMITED
Company Information
- Company Number
- 02091078
- Registered Address
- Livingstone Road, Hessle, Hull, East Yorkshire, HU13 0EE
- Status
- Active
- Employee Count
- 50
- Turnover
- £164,086,000
- EBITDA
- £3,686,000
Additional Details
- Website
- https://fastnetfish.com/
- Company Type
- Private limited Company
- Incorporated On
- 19 January 1987
- Nature of Business
- 03110 - Marine fishing
- Industries
- Environment,Agriculture And Waste,Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for FASTNET FISH LIMITED has remained relatively consistent over the past three periods, with a slight increase from 51 days to 52 days. However, there has been a noticeable increase in the percentage of invoices paid later than 60 days, from 26% in the first period to 35% in the most recent period.
Volatility Analysis
The volatility in average time to pay for FASTNET FISH LIMITED has been minimal, with only a 1-day difference between the first and most recent periods. However, there has been a significant increase in the volatility of the percentage of invoices paid later than 60 days, with a 9% increase from the first to most recent period.
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 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 52 | 18% | 47% | 35% | 63% |
| 01 Oct 2018 - 31 Mar 2019 | 09 Jul 2019 | 51 | 24% | 49% | 27% | 68% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 53 | 19% | 55% | 26% | 72% |
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
Fastnet Fish Limited do not have standard payment terms, as these are individually agreed with each UK and overseas supplier during the contractual negotiation period. The maximum payment period we have agreed to in a qualifying contract entered into in the reporting period is 180 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
In arriving at the reported statistics, the ‘receipt of invoice date’ has been taken to be the date when goods arrive on site for supply contracts, and the invoice date for agent contracts. The payment date is the date when payment has been made by Fastnet Fish Ltd. The report includes intercompany transactions
Maximum contractual payment period agreed
180
Dispute Resolution Process
Disputes with suppliers are dealt with the buyer/trader who is responsible for that particular supplier contract, either through email or phone. If Fastnet Fish Limited dispute an invoice, we aim to promptly inform and negotiate with the supplier to reach a mutually acceptable outcome.
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?
❌
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
FASTNET FISH LIMITED is a British company that specializes in sustainable seafood products. They have a strong commitment to environmental sustainability and have implemented various measures to ensure responsible sourcing and production of their seafood.
The company offers a range of seafood products, including fresh and frozen fish, shellfish, and smoked fish. They pride themselves on using only sustainable fishing methods, such as line and net fishing, and working closely with local fishermen to ensure the highest quality and freshness of their products.
FASTNET FISH LIMITED also has a robust sustainability program in place to minimize their environmental impact. This includes using energy-efficient equipment, reducing waste and packaging, and implementing sustainable packaging materials.
The key people at FASTNET FISH LIMITED include their Managing Director, who has extensive experience in the seafood industry, and their Sustainability Manager, who oversees the company's sustainability initiatives.
Customers can contact FASTNET FISH LIMITED through their website, where they can browse their range of products and place orders. The company's registered office address is located in Cornwall, UK, where they have a processing facility and distribution center.
In summary, FASTNET FISH LIMITED is a British company that is committed to providing sustainable and high-quality seafood products while minimizing their environmental impact. With a strong sustainability program and experienced leadership, they are a trusted supplier of responsibly sourced seafood.
