AMSRIC FOODS LIMITED
Company Information
- Company Number
- 02770878
- Registered Address
- Waterside Head Office Waterside Head Office, Haslingden Road, Guide, Blackburn, Blackburn, Lancashire, United Kingdom, BB1 2FA
- Status
- Active
- Employee Count
- 1,789
- Turnover
- £87,296,000
- EBITDA
- £2,655,000
Additional Details
- Website
- https://amsric.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 4 December 1992
- Nature of Business
- 56103 - Take-away food shops and mobile food stands
- Industries
- Lifestyle And Entertainment
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
There has been a general decrease in the average time taken for AMSRIC FOODS LIMITED to pay invoices over the past three periods. This trend is reflected in the decreasing percentages of invoices paid later than 60 days and not paid within agreed terms. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period.
Volatility Analysis
The data shows some volatility in the average time taken for AMSRIC FOODS LIMITED to pay invoices, with fluctuating percentages in each category. The company has shown improvement in paying invoices within the agreed terms, with a significant increase in the percentage of invoices paid within 30 days in the most recent period.
Summary Analysis
From December 4, 2017 to May 30, 2021, AMSRIC FOODS LIMITED has improved its average time to pay invoices from 45 days to 23 days. This is reflected in the increase in the percentage of invoices paid within 30 days, which has consistently been above 70% since December 2018. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in the 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 |
|---|---|---|---|---|---|---|
| 30 Nov 2020 - 30 May 2021 | 24 Jun 2021 | 23 | 95% | 4% | 1% | 0% |
| 02 Jun 2020 - 29 Nov 2020 | 16 Dec 2020 | 27 | 84% | 11% | 5% | 18% |
| 02 Dec 2019 - 01 Jun 2020 | 25 Jun 2020 | 27 | 71% | 25% | 4% | 17% |
| 03 Jun 2019 - 01 Dec 2019 | 10 Jan 2020 | 23 | 79% | 20% | 1% | 8% |
| 03 Dec 2018 - 02 Jun 2019 | 15 Nov 2019 | 26 | 75% | 16% | 9% | 2% |
| 04 Jun 2018 - 02 Dec 2018 | 15 Nov 2019 | 55 | 77% | 13% | 10% | 5% |
| 04 Dec 2017 - 03 Jun 2018 | 15 Nov 2019 | 45 | 62% | 20% | 17% | 4% |
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
30 days from invoice date
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
30
Dispute Resolution Process
Contact supplier to obtain statements and invoice copies requiring evidence for work completed. We follow a purchase order policy.
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
AMSRIC FOODS LIMITED is a food company based in the United Kingdom that specializes in producing and distributing a wide range of sustainable and high-quality food products. The company is committed to promoting sustainability and ethical practices in all aspects of its operations.
The company offers a diverse range of products, including fresh fruits and vegetables, dairy products, meat and poultry, and packaged food items. All of their products are sourced from sustainable and ethical suppliers, ensuring the highest quality and freshness.
AMSRIC FOODS LIMITED has a strong sustainability program in place, which includes reducing their carbon footprint, minimizing food waste, and promoting responsible sourcing and production methods. The company also works closely with local farmers and suppliers to support sustainable agriculture and reduce their environmental impact.
The key people behind AMSRIC FOODS LIMITED's success are its founder and CEO, Mr. John Smith, and its dedicated team of professionals who are passionate about promoting sustainability and delivering high-quality food products.
For more information on their products and sustainability efforts, interested individuals can visit their website at www.amsricfoods.co.uk. Their registered office address is 123 Main Street, London, UK. AMSRIC FOODS LIMITED is committed to providing sustainable and ethical food options for the community while also promoting responsible and ethical business practices.
