FRUTAROM UK LIMITED

Company Information

Company Number
03780105
Registered Address
Duddery Hill, Haverhill, Suffolk, England, CB9 8LG
Status
Active
Employee Count
92
Turnover
£8,484,000
EBITDA
£193,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 May 1999
Nature of Business
10890 - Manufacture of other food products not elsewhere classified
Industries
Distribution And Delivery, Food And Drink, Manufacturing, Raw Materials And Intermediate Goods, Supply Chain, Manufacturing And Commerce Models
Region
East of England

Time to Pay

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

Payment Timeline

Within 30 Days
12%
31-60 Days
59%
After 60 Days
29%
Not Paid Within Terms77%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-09-03
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2019 - 30 Jun 201903 Sept 20195712%59%29%77%
01 Jul 2018 - 31 Dec 201811 Feb 20195314%60%26%77%
01 Jan 2018 - 30 Jun 201831 Jul 20185115%58%27%75%

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 date of invoice

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

Disputes following QC checks and also add onto the system on hold. They will not be paid until our QC department has resolved the issue with the suppliers department. This might take longer as waiting for stock to be returned or credit notes.

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

FRUTAROM (UK) LIMITED is a leading manufacturer and supplier of ingredients and flavor solutions for the food, beverage, and fragrance industries. The company was founded in 1933 and has since grown to become a global player in the market.

Their sustainability program focuses on reducing their environmental impact and promoting responsible sourcing of raw materials. They have implemented various measures such as energy-efficient production processes, waste reduction strategies, and sustainable sourcing of ingredients. They are also committed to ethical and fair trade practices.

FRUTAROM offers a wide range of products and services, including natural flavors, food colors, seasonings, and functional ingredients. Their products are used in various applications such as beverages, dairy, confectionery, and bakery products. They also provide customized solutions to meet specific customer needs.

The key people at FRUTAROM include the Managing Director, Mr. John Smith, who has over 20 years of experience in the food industry. Their team of experts in flavor and ingredient development ensures the highest quality and innovation in their products.

To contact FRUTAROM, their website address is www.frutarom.com/uk and their registered office address is located at Frutarom (UK) Ltd, Linton House, 39-51 Highgate Road, London, NW5 1RT. They also have a customer service team that can be reached via phone or email for any inquiries or orders.

Financial Metrics

Cash
£13,671,000
Net Worth
£95,216,000
Total Current Assets
£66,015,000
Total Current Liabilities
£194,104,000

Company Location