THORNTONS LIMITED
Company Information
- Company Number
- 00174706
- Registered Address
- 889 Greenford Road, Greenford, Middlesex, UB6 0HE
- Status
- Active
- Employee Count
- 478
- Turnover
- £65,976,000
- EBITDA
- £8,206,000
Additional Details
- Website
- https://www.thorntons.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 13 May 1921
- Nature of Business
- 10821 - Manufacture of cocoa and chocolate confectionery
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- London
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 Sept 2022 - 28 Feb 2023 | 20 Jun 2023 | 41 | 42% | 36% | 22% | 41% |
| 01 Mar 2022 - 31 Aug 2022 | 14 Feb 2023 | 38 | 43% | 33% | 24% | 58% |
| 01 Sept 2021 - 28 Feb 2022 | 01 Apr 2022 | 38 | 44% | 36% | 20% | 77% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 32 | 59% | 31% | 10% | 57% |
| 01 Sept 2020 - 28 Feb 2021 | 31 Mar 2021 | 32 | 57% | 33% | 10% | 41% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 23 | 72% | 20% | 8% | 48% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 27 | 68% | 22% | 10% | 51% |
| 01 Sept 2018 - 28 Feb 2019 | 01 Apr 2019 | 27 | 68% | 22% | 10% | 51% |
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
Payment by BACS transfer for the goods/service unless otherwise agreed and detailed in the PO shall be 60 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Suppliers are able to contact the business regarding complaint or concern on the following email address. alfretonfinanceaccountspayable@ferrero.com where a team of experts will direct the query to the relevant department. The complaint or concern will be considered by that department. The length of time taken to resolve the complaint or concern is dictated by its nature. If a resolution cannot be agreed upon the business will use an escalation process both within the business and with the supplier until a resolution by both parties can be found. Thorntons also offer the supplier access to their portal to enable them to have the ability to follow the progress of an invoice right through to payment.
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
THORNTONS LIMITED is a British chocolate and confectionery company that has been in operation since 1911. The company is known for its high-quality chocolates, toffee, and fudge, as well as its commitment to sustainability.
The company's sustainability program, called "Our Planet, Our Future," focuses on reducing their carbon footprint, sourcing sustainable ingredients, and promoting ethical practices throughout their supply chain. They have also implemented energy-saving initiatives in their factories and stores, such as using LED lighting and installing renewable energy sources.
THORNTONS LIMITED offers a wide range of products, including traditional boxed chocolates, luxury truffles, and seasonal treats. They also have a range of vegan and vegetarian options, as well as products with no artificial colors or flavors.
The key people behind THORNTONS LIMITED include CEO Paul Wilkinson, who has been with the company since 2014, and Chairman Mark Robson, who joined in 2017. The company's registered office address is at 889 Greenford Road, Greenford, Middlesex, UB6 0HE, United Kingdom.
Customers can purchase THORNTONS products at their retail stores, online, and through various retailers across the UK. The company also offers personalized gifts and corporate gifting services.
Overall, THORNTONS LIMITED is a well-established and reputable company known for its delicious chocolates and commitment to sustainability. Their efforts in this area make them a popular choice among consumers looking for ethical and environmentally-friendly options. To learn more about the company and their products, visit their website at www.thorntons.co.uk.
