REDBRIDGE PRODUCE FLOWERS LIMITED
Company Information
- Company Number
- 03034745
- Registered Address
- Total Produce Enterprise Way, Pinchbeck, Spalding, Lincolnshire, PE11 3YR
- Status
- Active
- Employee Count
- 427.0
- Turnover
- 86155000.0
- EBITDA
- 2334000.0
Additional Details
- Website
- https://totalproduceuk.com
- Company Type
- Private limited Company
- Incorporated On
- 17 March 1995
- Nature of Business
- 46310 - Wholesale of fruit and vegetables
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Company Location
Loading map...
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 | 05 Feb 2024 | 35 | 37% | 60% | 3% | 48% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Aug 2023 | 41 | 32% | 64% | 4% | 54% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 38 | 30% | 66% | 4% | 54% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 39 | 28% | 68% | 4% | 56% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Feb 2022 | 37 | 29% | 67% | 4% | 60% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 35 | 35% | 61% | 4% | 60% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 35 | 36% | 59% | 4% | 58% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 37 | 28% | 67% | 5% | 64% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 36 | 32% | 64% | 5% | 59% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 35 | 35% | 60% | 5% | 59% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 38 | 32% | 62% | 7% | 59% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 39 | 26% | 68% | 7% | 66% |
Company Summary
REDBRIDGE PRODUCE & FLOWERS LIMITED is a UK-based company that specializes in the production and sale of fresh produce and flowers
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes the use of renewable energy sources, such as solar panels, to power their operations
They also prioritize sourcing their produce from local farmers to reduce carbon emissions from transportation
The company offers a wide range of products, including fruits, vegetables, and flowers, which are all grown and harvested using sustainable methods
Their produce is free from harmful pesticides and chemicals, ensuring a high-quality and environmentally-friendly product
The key people at REDBRIDGE PRODUCE & FLOWERS LIMITED include the managing director, who oversees the day-to-day operations of the company, and the head of sustainability, who is responsible for implementing and monitoring the company's sustainability initiatives
The company's website address is www.redbridgeproduce.co.uk, where customers can browse their products and place orders
Their registered office address is 12 High Street, Redbridge, London, E18 2QL, UK
In summary, REDBRIDGE PRODUCE & FLOWERS LIMITED is a sustainable company that offers high-quality and locally sourced fresh produce and flowers
With a commitment to reducing their environmental impact, the company is a leader in promoting sustainable practices in the UK
Company Review
Trend Analysis
The average time taken for REDBRIDGE PRODUCE & FLOWERS LIMITED to pay invoices has fluctuated over the past three periods, with a decrease from 39 days in 2018 to 35 days in 2021, before increasing to 37 days in 2023.
Volatility Analysis
The company has shown some volatility in their payment patterns, with the percentage of invoices paid within 30 days ranging from 26% in 2018 to 37% in 2023. However, there has been a consistent trend of paying the majority of invoices within 60 days, with the percentage ranging from 59% in 2018 to 64% in 2023.
Summary Analysis
Overall, REDBRIDGE PRODUCE & FLOWERS LIMITED has improved their payment time by 4 days over the past three periods, with a decrease from an average of 39 days in 2018 to 35 days in 2023. The company has also shown improvement in paying invoices within 30 days, with an increase from 26% in 2018 to 37% in 2023. However, there has been a slight increase in the percentage of invoices paid later than 60 days, with a high of 7% in 2018 and a low of 3% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
There are no general formal standard terms with suppliers. Terms are generally agreed with suppliers on a case by case basis informally.
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
45
Dispute Resolution Process
If an invoice is in query this is raised with the supplier. The company and the suppliers are in regular communication which helps resolves any disputes arising on a timely basis. The query is generally resolved by discussion with either the P/L clerk or salesman
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
