BAKKAFROST SCOTLAND LIMITED
Company Information
- Company Number
- SC107275
- Registered Address
- 28 Drumsheugh Gardens, Edinburgh, Scotland, EH3 7RN
- Status
- Active
- Employee Count
- 630.0
- Turnover
- 156645000.0
- EBITDA
- -16469000.0
Additional Details
- Website
- https://scottishsalmon.com/
- Company Type
- Private limited Company
- Incorporated On
- 23 October 1987
- Nature of Business
- 03210 - Marine aquaculture
- Industries
- Environment,Agriculture And Waste
- Region
- East of Scotland
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 36 | 70% | 19% | 11% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 05 Jul 2023 | 38 | 66% | 24% | 9% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 35 | 59% | 31% | 10% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 43 | 31% | 57% | 11% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 15 Feb 2022 | 46 | 21% | 65% | 14% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Feb 2022 | 46 | 17% | 66% | 18% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 34 | 41% | 53% | 6% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 37 | 34% | 60% | 6% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 35 | 39% | 57% | 4% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 38 | 31% | 62% | 7% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 37 | 33% | 60% | 7% | 59% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 38 | 30% | 64% | 6% | 60% |
Company Summary
BAKKAFROST SCOTLAND LIMITED is a leading aquaculture company based in Scotland, with a strong focus on sustainability
The company's main activities include the production and sale of high-quality salmon, trout, and other seafood products
As part of their sustainability program, BAKKAFROST SCOTLAND LIMITED is committed to responsible and ethical practices in all aspects of their operations
This includes minimizing their environmental impact, promoting animal welfare, and supporting local communities
The company's products are known for their superior quality, with a strong emphasis on organic and natural farming methods
BAKKAFROST SCOTLAND LIMITED's salmon and trout are raised in the pristine waters of Scotland, resulting in a distinct, fresh taste that has earned them a loyal customer base
Some of the key people at BAKKAFROST SCOTLAND LIMITED include CEO Graham Clarke, who has over 25 years of experience in the aquaculture industry, and COO Pål K
Torgersen, who has a strong background in finance and operations
For more information on BAKKAFROST SCOTLAND LIMITED's products and sustainability efforts, their website address is www.bakkafrost.com and their registered office address is Bakkafrost House, 11 Albyn Terrace, Aberdeen, AB10 1YP, United Kingdom
With their commitment to sustainability and high-quality products, BAKKAFROST SCOTLAND LIMITED continues to be a leader in the aquaculture industry
Company Review
Trend Analysis
The average time for BAKKAFROST SCOTLAND LIMITED to pay invoices has fluctuated over the past three years, with a general downward trend from 2018 to 2022, followed by an increase in 2023.
Volatility Analysis
Bakkafrost Scotland Limited has experienced some volatility in their payment patterns, with significant changes in the percentage of invoices paid within 30 days and later than 60 days. This indicates potential challenges in maintaining consistent payment practices.
Summary Analysis
In the past three periods, BAKKAFROST SCOTLAND LIMITED has seen an improvement in their average time to pay invoices, with a decrease from 38 days in 2018 to 36 days in 2023. This trend is also reflected in the percentage of invoices paid within 30 days, which has increased from 30% in 2018 to 70% in 2023. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 6% in 2018 to 11% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Unless otherwise stated in the order, the company will pay the contract price within 45 days of the date we receive the invoice.
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
Disputes regarding the payment of invoices should be sent to the accounts payable department at invoicequeries@bakkafrost.com
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
