| 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 Jan 2019 - 30 Jun 2019 | 03 Sept 2019 | 57 | 12% | 59% | 29% | 77% |
| 01 Jul 2018 - 31 Dec 2018 | 11 Feb 2019 | 53 | 14% | 60% | 26% | 77% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 51 | 15% | 58% | 27% | 75% |
This information is as reported by the business, and responses are in their own words.
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
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.
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.
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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.
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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.
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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
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.