MM GLOBAL CITRUS LIMITED
Company Information
- Company Number
- 06005257
- Registered Address
- The Fresh Produce Centre, Transfesa Road, Paddock Wood, Kent, England, TN12 6UT
- Status
- Dissolved
- Employee Count
- 28
- Turnover
- £71,977,000
- EBITDA
- £526,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 November 2006
- Nature of Business
- 46341 - Wholesale of fruit and vegetable juices, mineral water and soft drinks
- Industries
- Food And Drink
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
MM GLOBAL CITRUS LIMITED exhibits a consistent trend of delayed payments, with an average payment time of 48 days, significantly exceeding standard 30-day terms. A substantial 67% of all payments are late, indicating a normalized payment cycle for the company that is considerably slower than industry expectations. The trajectory shows only 33% of payments are within 30 days, while the majority fall into the 31-60 days (35%) or over 60 days (32%) categories.
Volatility Analysis
The payment distribution reveals a low level of predictability and reliability for suppliers, as nearly two-thirds of payments are delayed. With 32% of payments exceeding 60 days, suppliers face a significant risk of prolonged receivable periods and uncertain cash flow. This spread indicates potential working capital strain and necessitates careful management of credit terms due to the company's inconsistent adherence to prompt payment.
Summary Analysis
Suppliers should anticipate significantly extended payment terms and a high probability of late payments when engaging with MM GLOBAL CITRUS LIMITED. Key decision factors include the ability to tolerate an average 48-day payment cycle and the substantial risk of payments extending beyond 60 days for nearly one-third of transactions. Risk mitigation strategies could involve adjusting pricing to account for extended credit, negotiating stricter payment milestones, or requiring partial upfront payments.
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 |
|---|---|---|---|---|---|---|
| 28 Oct 2018 - 26 Apr 2019 | 24 May 2019 | 48 | 33% | 35% | 32% | 67% |
| 28 Apr 2018 - 26 Oct 2018 | 03 Dec 2018 | 43 | 48% | 26% | 26% | 53% |
| 29 Oct 2017 - 27 Apr 2018 | 12 Oct 2018 | 30 | 71% | 12% | 17% | 28% |
| 29 Apr 2017 - 28 Oct 2017 | 01 May 2018 | 47 | 26% | 47% | 27% | 72% |
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 30 days, but we will negotiate longer terms if appropriate.
Were there any changes to the standard payment terms in the reporting period?
Changed from 30 days to 30 days net (from end of month following invoice date)
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
Disputes should be referred to the relevant accounts payable department. Contact details can be found at www.frescagroup.co.uk.
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
MM GLOBAL CITRUS LIMITED was a private limited company established to specialise in the global trade and distribution of citrus products. This would have involved activities related to the international supply chain for various citrus fruits.
Registered under company number 06005257, the company was incorporated on 21 November 2006. Its registered office was located at The Fresh Produce Centre, Transfesa Road, Paddock Wood, Kent, England, TN12 6UT, within the South East region of the UK. MM GLOBAL CITRUS LIMITED is currently dissolved.
Companies operating within the citrus sector typically engage in the sourcing, importing, exporting, and wholesale distribution of citrus fruits such as oranges, lemons, limes, and grapefruits. Their services often include logistics, quality control, and supply chain management to deliver fresh produce to retailers and other businesses across the market.
