VOLAC INTERNATIONAL LIMITED
Company Information
- Company Number
- 02576295
- Registered Address
- 50 Fishers Lane, Orwell, Royston, Hertfordshire, SG8 5QX
- Status
- Active
- Employee Count
- 468.0
- Turnover
- 382800000.0
- EBITDA
- 42000000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 January 1991
- Nature of Business
- 10519 - Manufacture of other milk products$10910 - Manufacture of prepared feeds for farm animals
- Industries
- Environment,Agriculture And Waste,Lifestyle And Entertainment
- Region
- East of England
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 | 30 Jan 2024 | 56 | 11% | 53% | 36% | 94% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 58 | 5% | 62% | 33% | 94% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 54 | 11% | 62% | 27% | 60% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2022 | 55 | 6% | 64% | 30% | 81% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 55 | 14% | 60% | 26% | 62% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 52 | 8% | 70% | 22% | 79% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 53 | 10% | 65% | 25% | 92% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 53 | 10% | 64% | 26% | 70% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 52 | 19% | 62% | 19% | 62% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 48 | 15% | 70% | 15% | 53% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 46 | 14% | 74% | 12% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 44 | 19% | 70% | 11% | 30% |
Company Summary
VOLAC INTERNATIONAL LIMITED is a leading global manufacturer and supplier of high-quality nutritional products for both animal and human consumption
The company was founded in 1970 and has its registered office in Orwell, Cambridgeshire, UK
The company's sustainability program focuses on reducing its environmental impact by using renewable energy sources, implementing efficient waste management systems, and promoting sustainable farming practices
They also prioritize animal welfare and work closely with their supply chain partners to ensure ethical and responsible sourcing of ingredients
VOLAC INTERNATIONAL LIMITED offers a wide range of products, including milk replacers, calf milk powders, and nutritional supplements for farm animals
They also produce whey protein and other nutritional ingredients for the sports and health food industries
Key people in the company include the Chief Executive Officer, James Neville, and the Managing Director, John Rutherford
They lead a team of dedicated professionals who are committed to providing high-quality products and services to their customers
For more information about VOLAC INTERNATIONAL LIMITED, including their products and sustainability initiatives, visit their website at www.volac.com
Customers can also contact the company through their registered office address at Volac International Limited, Marston Road, Orwell, Royston, Hertfordshire, SG8 5SE, United Kingdom
Company Review
Trend Analysis
The data shows a fluctuating trend in the average time taken for VOLAC INTERNATIONAL LIMITED to pay invoices to suppliers. From 2018 to 2023, the average time increased from 44 days to 56 days, with a peak of 58 days in 2023. This indicates a gradual delay in payment over the years.
Volatility Analysis
The data also shows a high degree of volatility in the percentage of invoices paid within agreed terms, with the lowest being 30% in 2018 and the highest being 94% in 2023. This suggests inconsistency in payment practices by the company.
Summary Analysis
From 2018 to 2021, there was a slight increase in the average time taken for VOLAC INTERNATIONAL LIMITED to pay invoices, with a peak of 55 days in 2021. However, in 2022 and 2023, there was a significant increase in the average time, reaching a peak of 58 days in 2023. This represents a 9.1% increase from the lowest average time of 53 days in 2020.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Unless otherwise agreed in writing or stated in the order, goods and services will be paid for within 30 days after the end of the month of receipt of a proper invoice, or if later, after the acceptance of the goods & services in question Were there any changes to the standard payment terms in the reporting period?
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
Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that may arise are actioned by the team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and the procurement account manager. Where the issue can't be resolved the dispute with be escalated to the Head of Supply Chain
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
