ARYZTA BAKERIES UK LTD

PaymentCheck Score 2020
43Poor
New Entry
#4133 in UK
#68 in Food And Drink
#289 in East of England

Company Information

Company Number
03010158
Registered Address
Unit 12 Humphrys Road, Woodside Estate, Dunstable, United Kingdom, LU5 4TP
Status
Active
Employee Count
122
Turnover
£49,697,000
EBITDA
£8,255,000

Additional Details

Company Type
Private limited Company
Incorporated On
16 January 1995
Nature of Business
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
Industries
Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
East of England

Time to Pay

Average Time to Pay
50 days
Shortest Period:1 days
Longest Period:60 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
29%
31-60 Days
38%
After 60 Days
33%
Not Paid Within Terms38%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-12-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Feb 2020 - 31 Jul 202011 Dec 20205330%30%40%51%
01 Aug 2019 - 31 Jan 202011 Dec 20205029%38%33%38%

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

Business standard payment terms are 60 days end of month (EOM) from the date of invoice. However, variations to these terms do exist based on agreements with certain suppliers.

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

90

Dispute Resolution Process

The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. Suppliers are required to quote purchase order numbers on all invoices. Invoices are matched to the Purchase Order and Goods Received Note (GRN) prior to posting by accounts payable. Quantities and prices are checked, and all differences relating to quantities, prices and discounts should be fully investigated prior to approving the invoice for payment. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. Any complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers have contact details. The Accounts Payable team will escalate where applicable to the Head of Transactional Services and relevant Head of Department to seek a speedy resolution.

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

ARYZTA BAKERIES UK LTD is a leading bakery company in the United Kingdom that specializes in the production and distribution of high-quality baked goods. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.

Their sustainability program includes measures such as reducing energy and water consumption, utilizing renewable energy sources, and implementing a waste management system to minimize their carbon footprint. They also prioritize sourcing ingredients from sustainable and ethical suppliers.

The company offers a wide range of products, including bread, pastries, cakes, and desserts, under well-known brands such as Delice de France, Otis Spunkmeyer, and Cuisine de France. They cater to both retail and foodservice customers, providing fresh and delicious baked goods to supermarkets, restaurants, and cafes across the UK.

The key people at ARYZTA BAKERIES UK LTD include the CEO, Chief Financial Officer, and other senior executives who are dedicated to driving the company's success and upholding its values of quality, innovation, and sustainability.

For more information about ARYZTA BAKERIES UK LTD and their products and services, you can visit their website at www.aryzta.com/uk. Their registered office address is at Unit 1, Premier Park, 33 Road One, Winsford Industrial Estate, Winsford, Cheshire, CW7 3RT.

Financial Metrics

Cash
£4,126,000
Net Worth
-£6,506,000
Total Current Assets
£9,901,000
Total Current Liabilities
£6,058,000

Company Location