AAK INTERNATIONAL
Company Information
- Company Number
- BR020440
- Registered Address
- King George Dock, Hull, HU9 5PX
- Status
- Open
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- UK Establishment - Manufacture Of Oils And Fats
- Industries
- Coming Soon
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 |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 11 Jul 2025 | 23 | 76% | 21% | 3% | 21% |
| 01 Jul 2024 - 31 Dec 2024 | 15 Jan 2025 | 20 | 79% | 19% | 2% | 32% |
| 01 Jan 2024 - 30 Jun 2024 | 11 Jul 2024 | 20 | 80% | 19% | 1% | 32% |
| 01 Jul 2023 - 31 Dec 2023 | 15 Jan 2024 | 19 | 82% | 17% | 1% | 30% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Jul 2023 | 21 | 77% | 21% | 2% | 31% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 26 | 67% | 32% | 1% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Jul 2022 | 25 | 70% | 29% | 1% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 23 | 74% | 25% | 1% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Jul 2021 | 21 | 80% | 19% | 1% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 26 | 66% | 32% | 1% | 17% |
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
AAK Group policy for standard supplier payment terms is 60 days unless specifically negotiated otherwise. Payment terms for oil contracts, which are a significant proportion of the company's expenditure, are typically much shorter than 60 days and can even be made in advance of delivery which significantly reduces our average number of days taken to make payment.
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
75
Dispute Resolution Process
AAK International will discuss any issues surrounding payment with the supplier directly to seek a mutually agreeable solution. Payment will not be unreasonably withheld.
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
AAK INTERNATIONAL is a global company that specializes in the production and supply of sustainable vegetable oils and fats. With over 140 years of experience, AAK is committed to providing high-quality, innovative and sustainable solutions to their customers.
Their sustainability program, "AAK AWARE", focuses on three key areas: responsible sourcing, efficient operations, and responsible products. This program aims to reduce the company's environmental impact, promote sustainable practices throughout their supply chain, and develop responsibly sourced and produced products. AAK also works closely with local communities to improve their livelihoods and support sustainable development.
AAK offers a wide range of products and services, including vegetable oils and fats, chocolate and confectionery fats, bakery fats, specialty fats, and custom-made solutions. These products are used in various industries such as food and beverage, personal care, and pharmaceuticals.
The key people at AAK INTERNATIONAL are their executive management team, led by CEO Johan Westman. They bring a wealth of knowledge and expertise in the industry, driving the company's success and commitment to sustainability.
For more information on AAK INTERNATIONAL and their sustainable practices, customers can visit their website at www.aak.com. Their registered office address is at AAK International, PO Box 577, SE-101 31 Stockholm, Sweden. AAK also has offices and facilities in numerous countries, allowing them to serve customers worldwide.
