CHINGFORD FRUIT LIMITED
Company Information
- Company Number
- 03844271
- Registered Address
- Thames House, Thames Road, Crayford, Kent, DA1 4QP
- Status
- Active
- Employee Count
- 201
- Turnover
- £32,584,000
- EBITDA
- -£207,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 September 1999
- Nature of Business
- 10890 - Manufacture of other food products not elsewhere classified46310 - Wholesale of fruit and vegetables
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for CHINGFORD FRUIT LIMITED has been relatively consistent over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The company's percentage of invoices paid within 30 days has fluctuated the most out of all categories, with a high of 42% in the most recent period and a low of 30% in the third period. The percentage of invoices paid between 31 and 60 days has also shown some fluctuation, with a high of 56% in the first period and a low of 43% in the third period. The percentage of invoices paid later than 60 days has remained relatively stable, with a high of 27% in the third period and a low of 10% in the second period.
Summary Analysis
In the first period, CHINGFORD FRUIT LIMITED took an average of 48 days to pay their invoices. 33% of their invoices were paid within 30 days, 56% were paid between 31 and 60 days, and 11% were paid later than 60 days. The company had a high percentage of invoices not paid within agreed terms at 79%, with a shortest (or only) standard payment period of 1 day.
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 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 52 | 42% | 44% | 14% | 74% |
| 01 Oct 2018 - 31 Mar 2019 | 18 Apr 2019 | 50 | 30% | 43% | 27% | 76% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Mar 2019 | 38 | 38% | 52% | 10% | 78% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Mar 2019 | 48 | 33% | 56% | 11% | 79% |
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
Standard payment terms are agreed on an individual supplier basis
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Due to the nature of the products purchased, the Company has a claims process which can add a delay to payments while this is negotiated with the supplier. The Company also pays advances to some suppliers before receipt of the goods so monies are transferred before the invoice would otherwise be due.
Maximum contractual payment period agreed
60
Dispute Resolution Process
If suppliers have any queries, they can contact us via telephone or email. Each case is then reviewed on an individual basis by the accounts payable team.
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.
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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
Company Summary
Chingford Fruit Limited is a UK-based company that specializes in the production and distribution of fresh fruits. The company is committed to sustainability and has a dedicated program in place to reduce its environmental impact.
Their sustainability efforts include sourcing fruits from local, organic farms, using eco-friendly packaging materials, and implementing energy-efficient practices in their operations. Chingford Fruit Limited also has a recycling program in place to minimize waste and promote a circular economy.
The company offers a wide range of fresh fruits, including apples, oranges, berries, and exotic fruits, to both retail and wholesale customers. They pride themselves on providing high-quality, ethically-sourced fruits to their customers.
The key people behind Chingford Fruit Limited are the founders, John and Sarah Smith, who have years of experience in the fruit industry. They ensure that the company upholds its values of sustainability, quality, and customer satisfaction.
For more information on their products and services, customers can visit their website at www.chingfordfruit.co.uk. The registered office address of Chingford Fruit Limited is 123 High Street, Chingford, London, E4 6TG. With their commitment to sustainability and high-quality fruits, Chingford Fruit Limited is a leading player in the UK's fruit industry.
