OCADO INNOVATION LIMITED
Company Information
- Company Number
- 08813912
- Registered Address
- Buildings One & Two Trident Place, Mosquito Way, Hatfield, Hertfordshire, United Kingdom, AL10 9UL
- Status
- Active
- Employee Count
- 0
- Turnover
- £47,400,000
- EBITDA
- -£170,400,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 December 2013
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 |
|---|---|---|---|---|---|---|
| 02 Dec 2024 - 01 Jun 2025 | 18 Jun 2025 | 22 | 75% | 22% | 3% | 6% |
| 04 Jun 2024 - 01 Dec 2024 | 13 Dec 2024 | 27 | 66% | 30% | 4% | 9% |
| 04 Dec 2023 - 03 Jun 2024 | 21 Jun 2024 | 24 | 74% | 23% | 3% | 5% |
| 28 May 2023 - 03 Dec 2023 | 21 Dec 2023 | 29 | 57% | 36% | 7% | 7% |
| 28 Nov 2022 - 27 May 2023 | 23 Jun 2023 | 32 | 52% | 43% | 5% | 13% |
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 after the end of the month from the invoice date
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
60
Dispute Resolution Process
If at any time any question, dispute or difference arises between OCADO INNOVATION LIMITED and its suppliers, Finance will take the correct measures to ensure that these are investigated and resolved in the quickest time possible to avoid disruption in supply. All escalations are directed to the Accounts Payable Manager and after this to the Head of Finance Operations where these are investigated and resolved.
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
OCADO INNOVATION LIMITED is a UK-based company that specializes in providing innovative solutions for online grocery shopping and delivery. The company was founded in 2000 and is headquartered in Hatfield, Hertfordshire.
The main focus of OCADO INNOVATION LIMITED is to revolutionize the way people shop for groceries by utilizing advanced technology and sustainable practices. They offer a wide range of products and services, including online grocery shopping and delivery, recipe and meal planning, and kitchen essentials.
One of the key sustainability initiatives of OCADO INNOVATION LIMITED is their commitment to reducing their carbon footprint. They have implemented various measures such as using electric vehicles for delivery, investing in renewable energy sources, and optimizing their supply chain to reduce waste and emissions.
The company also has a dedicated team of experts who work on developing innovative solutions to improve the online shopping experience for their customers. They constantly strive to incorporate cutting-edge technology and data analytics to enhance their services and make them more efficient and convenient.
The key people behind OCADO INNOVATION LIMITED include Tim Steiner, the CEO, and Duncan Tatton-Brown, the Chief Financial Officer. They are supported by a team of experienced professionals who are passionate about driving the company's growth and sustainability.
For more information on OCADO INNOVATION LIMITED, their website address is www.ocado.com. Their registered office address is Apollo Court, 2 Bishop Square, Hatfield Business Park, Hatfield, Hertfordshire, AL10 9EX. Customers can also contact them via email at customerservice@ocado.com or by phone at 0345 656 1234.
