IFCO SYSTEMS UK LTD

Company Information

Company Number
02997052
Registered Address
Albert House, Queen Victoria Road, High Wycombe, Buckinghamshire, HP11 1AG
Status
Active
Employee Count
31
Turnover
£172,667,000
EBITDA
£11,090,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 December 1994
Nature of Business
96090 - Other service activities not elsewhere classified
Industries
Manufacturing
Region
South East

Time to Pay

Average Time to Pay
21 days
Shortest Period:0 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
88%
31-60 Days
10%
After 60 Days
2%
Not Paid Within Terms60%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Our standard payment terms are 30 days

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

30

Dispute Resolution Process

Any complaint or concern will be considered by the company’s Finance department in the first instance. Finance Department will aim to resolve any queries or disputes promptly, so payment can be made without delay. Any unresolved disputes will be passed on to the Managing Director.

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

IFCO SYSTEMS UK LTD is a leading provider of reusable packaging solutions for the global fresh food supply chain. Their sustainability program focuses on reducing waste and promoting a circular economy through their reusable plastic crates.

Their products and services include the rental and washing of reusable plastic crates, as well as tracking and management software to optimize supply chain logistics. These products and services help to reduce the use of single-use packaging and promote a more sustainable approach to food transportation.

The company is led by a team of experienced professionals, including Managing Director, Stuart Kay, and Operations Director, Phil Storer. They are committed to promoting sustainability and driving innovation in the fresh food supply chain.

IFCO SYSTEMS UK LTD can be contacted through their website, which also provides information on their products and services. Their registered office address is located in Birmingham, United Kingdom.

In summary, IFCO SYSTEMS UK LTD is a sustainable company that provides reusable packaging solutions for the fresh food supply chain. Their focus on sustainability, along with their innovative products and services, make them a key player in promoting a more environmentally friendly approach to food transportation.

Financial Metrics

Cash
£8,795,923
Net Worth
£25,071,919
Total Current Assets
£47,069,703
Total Current Liabilities
£22,593,593

Company Location