DEVENISH NUTRITION LIMITED
Company Information
- Company Number
- NI003138
- Employee Count
- 260
- Turnover
- £105,340,000
- EBITDA
- -£4,303,000
Additional Details
- Website
- https://www.devenish.com/
- Industries
- Environment,Agriculture And Waste
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for DEVENISH NUTRITION LIMITED has decreased over the past three periods, from 58 days in June 2017 to 44.5 days in November 2018. This indicates that the company has improved its payment efficiency over time.
Volatility Analysis
The company's payment trends show some volatility, with the largest change occurring between the first and second periods (from 58 days to 52.5 days). However, overall, there has been a consistent decrease in the average time to pay over the past three periods.
Summary Analysis
In June 2017, DEVENISH NUTRITION LIMITED had an average time to pay of 58 days, with 17% of invoices paid within 30 days, 47% paid between 31 and 60 days, and 36% paid later than 60 days. In the following period (December 2017 to May 2018), the company's average time to pay decreased to 52.5 days, with 23% of invoices paid within 30 days, 47% paid between 31 and 60 days, and 30% paid later than 60 days. The most recent period (June 2018 to November 2018) saw the largest improvement, with DEVENISH NUTRITION LIMITED having an average time to pay of 44.5 days, 33% of invoices paid within 30 days, 50% paid between 31 and 60 days, and only 17% paid later than 60 days. Overall, the company has shown improvement in its payment efficiency over the past three periods.
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 Jun 2017 - 30 Nov 2017 | 08 Jan 2018 | 58 | 17% | 47% | 36% | 56% |
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
http://www.devenishnutrition.com/assets/file/Devenish-Nutrtion-T-Cs.pdf
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
http://www.devenishnutrition.com/assets/file/Devenish-Nutrtion-T-Cs.pdf
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
DEVENISH NUTRITION LIMITED is a sustainable animal nutrition company based in Belfast, Northern Ireland. It was founded in 1952 and is currently led by CEO Richard Kennedy.
The company focuses on providing high-quality, sustainable animal nutrition solutions for the agricultural industry. They offer a wide range of products and services, including feed supplements, premixes, and speciality feeds for a variety of animals, such as pigs, poultry, and ruminants.
DEVENISH NUTRITION LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a sustainability program in place, which includes responsible sourcing of ingredients, reducing carbon emissions, and promoting animal welfare.
Their sustainability efforts have been recognized by various organizations, and they have received numerous awards, including the Queen's Award for Enterprise in Sustainable Development.
The company has a team of experienced and knowledgeable professionals who work closely with farmers and producers to provide tailored nutrition solutions for their specific needs. They also offer technical support and on-farm services to ensure the best results for their customers.
DEVENISH NUTRITION LIMITED has a strong global presence, with operations in over 40 countries. They have a dedicated team of experts who work closely with their international partners to deliver their products and services worldwide.
The company's website (www.devenish.com) provides detailed information about their products and services, as well as their sustainability initiatives. Its registered office address is 26 Riverdale, Heron Road, Belfast, BT3 9LE, United Kingdom.
In conclusion, DEVENISH NUTRITION LIMITED is a leading sustainable animal nutrition company with a commitment to providing high-quality products and services to the agricultural industry. With its focus on sustainability and experienced team, it continues to make a positive impact on the industry and the environment.
