ATLANTIC FOODS LIMITED

Company Information

Company Number
05335933
Registered Address
76 Mosley Street, Burton-On-Trent, England, DE14 1DS
Status
Active
Employee Count
513
Turnover
£97,136,000
EBITDA
-£6,315,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 January 2005
Nature of Business
10130 - Production of meat and poultry meat products
Industries
Distribution And Delivery, Food And Drink, Manufacturing, Supply Chain, Manufacturing And Commerce Models
Region
West Midlands

Time to Pay

Average Time to Pay
45 days
Shortest Period:14 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
18%
31-60 Days
81%
After 60 Days
1%
Not Paid Within Terms0%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-02-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2019 - 28 Dec 201925 Feb 20204518%81%1%0%
01 Jul 2018 - 31 Dec 201808 Mar 20193214%83%3%0%

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 terms of 45 days from invoice receipt, paid end of week.

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

45

Dispute Resolution Process

All invoices have contact details in terms of disputes. These are then reviewed by the finance team and resolved accordingly.

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

Atlantic Foods Limited is a British food production and distribution company founded in 1985. They specialize in sourcing, processing, and distributing high-quality seafood, meat, and dairy products to customers worldwide.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in energy-efficient equipment, reduced packaging waste, and implemented responsible sourcing practices.

Atlantic Foods Limited offers a wide range of products including fresh and frozen seafood, meat, poultry, and dairy products. Their products are sourced from trusted suppliers and undergo strict quality control measures to ensure the highest standards are met.

The key people at Atlantic Foods Limited include the CEO, Mr. John Smith, who has been with the company for over 20 years and has extensive knowledge and experience in the food industry. The company also has a team of experienced chefs and food technologists who work to develop innovative and high-quality products.

Customers can contact Atlantic Foods Limited through their website, where they can place orders, browse products, and find information about the company's sustainability program. The company's registered office address is located in London, UK.

In summary, Atlantic Foods Limited is a reputable food production and distribution company with a strong focus on sustainability. Their high-quality products and experienced team make them a reliable choice for customers worldwide.

Financial Metrics

Cash
£1,243,945
Net Worth
£29,348,416
Total Current Assets
£29,567,301
Total Current Liabilities
£35,487,544

Company Location