UPFIELD FOODS UK LIMITED

Company Information

Company Number
09521994
Registered Address
14-21 Rushworth Street, London, England, SE1 0RB
Status
Active
Employee Count
74
Turnover
£222,704,000
EBITDA
£8,048,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 April 2015
Nature of Business
10420 - Manufacture of margarine and similar edible fats
Industries
Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
London

Time to Pay

Average Time to Pay
57 days
Shortest Period:120 days
Longest Period:0 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
36%
31-60 Days
24%
After 60 Days
40%
Not Paid Within Terms26%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2018 - 31 Dec 201801 Feb 20195640%22%38%3%

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

Upfield Foods UK payment terms are 120 days from receipt of a valid invoice. Exceptions do exist and would cover organisations such as charities, business associations and SME suppliers who attract payment terms of 30 days from receipt of invoice.

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

120

Dispute Resolution Process

Under TSA with Unilever (following sale of business), suppliers can get in touch with Unilever's Accounts Payable Helpdesk for any invoice or payment queries by logging a request on our website or using the self- service Vendor Query Portal : https://www.unilever.com/about/suppliers-centre/how-to-invoice-us/north-america-europe/. The website also provides information on what to include on invoices, how to read a purchase order or escalate an existing query.

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

UPFIELD FOODS UK LIMITED is a leading food company in the United Kingdom that focuses on creating sustainable and nutritious food products. They are committed to making positive changes in the food industry and promoting a healthier and more sustainable lifestyle.

Their sustainability program includes initiatives such as reducing plastic packaging, using renewable energy sources, and promoting sustainable farming practices. They also work closely with local communities to support sustainable agriculture and reduce food waste.

The company offers a wide range of products, including plant-based spreads, vegan cheese alternatives, and dairy-free ice cream. These products are made from natural and sustainable ingredients, making them a healthier and more environmentally friendly option for consumers.

The key people at UPFIELD FOODS UK LIMITED include the CEO, David Salkeld, who is a strong advocate for sustainability and has implemented several initiatives to reduce the company's environmental impact. The company also has a team of experts in nutrition and sustainability who work together to develop innovative and sustainable products.

For more information on UPFIELD FOODS UK LIMITED and their products, customers can visit their website at www.upfield.com/uk. The company's registered office address is at The Heights, Brooklands, Weybridge, Surrey, KT13 0XP, United Kingdom. Overall, UPFIELD FOODS UK LIMITED is dedicated to creating a positive impact on the environment and promoting a sustainable food system for a healthier future.

Financial Metrics

Cash
£20,000
Net Worth
£96,517,000
Total Current Assets
£149,617,000
Total Current Liabilities
£56,123,000

Company Location