BENECOL LIMITED

PaymentCheck Score 2020
62Fair
New Entry
#2896 in UK
#1131 in London

Company Information

Company Number
09062361
Registered Address
The Mille, 1000 Great West Road, Brentford, United Kingdom, TW8 9DW
Status
Active
Employee Count
18
Turnover
£41,702,000
EBITDA
£8,433,000

Additional Details

Company Type
Private limited Company
Incorporated On
29 May 2014
Nature of Business
10890 - Manufacture of other food products not elsewhere classified
Industries
Food And Drink
Region
London

Time to Pay

Average Time to Pay
63 days
Shortest Period:30 days
Longest Period:68 days
Max Contractual:68 days

Payment Timeline

Within 30 Days
63%
31-60 Days
21%
After 60 Days
16%
Not Paid Within Terms13%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-08-10
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202010 Aug 20206363%21%16%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

30 Days Net

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

68

Dispute Resolution Process

Any disputes will sit with the author of the invoice and they will deal directly with the vendor to resolve.

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

BENECOL LIMITED is a British company that specializes in producing and distributing healthy and sustainable products. The company was founded in 1995 and is headquartered in London, with offices and production facilities in various countries around the world.

The main focus of BENECOL LIMITED is to provide consumers with products that promote a healthy lifestyle, while also being environmentally friendly. One of their key sustainability programs is the use of plant stanol ester, a natural ingredient that has been proven to lower cholesterol levels. This allows BENECOL products to not only benefit the consumer's health, but also reduce the company's carbon footprint.

BENECOL LIMITED offers a range of products, including spreads, yogurts, and drinks, all of which are made with the plant stanol ester. These products are available in various flavours and are suitable for people of all ages. They are also free from artificial colors, flavors, and preservatives, making them a healthier and more sustainable choice.

The company is led by a team of experienced and dedicated individuals, including the CEO, Jussi Loponen, and the Chief Sustainability Officer, Maria R. Masip. They are committed to promoting sustainability and ensuring that BENECOL LIMITED continues to be a leader in producing healthy and environmentally responsible products.

For more information on BENECOL LIMITED and their products, their website is www.benecol.com. The registered office address is 5 New Street Square, London, EC4A 3TW, United Kingdom. Customers can also contact the company through their customer service hotline, which is available on their website. With their focus on sustainability and commitment to providing healthy products, BENECOL LIMITED is a leading company in the British market.

Financial Metrics

Cash
£0
Net Worth
-£1,247,000
Total Current Assets
£10,657,000
Total Current Liabilities
£6,607,000

Company Location