FLETCHERS BAKERIES LIMITED

PaymentCheck Score 2024
41Poor
2.8vs last year
#4895 in UK
#232 in Lifestyle And Entertainment
#74 in Wales

Company Information

Company Number
00249790
Registered Address
Maes Y Coed Road, Cardiff, CF14 4XR
Status
Active
Employee Count
563
Turnover
£102,301,000
EBITDA
£8,490,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 July 1930
Nature of Business
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
Industries
Lifestyle And Entertainment
Region
Wales

Time to Pay

Average Time to Pay
59 days
Shortest Period:0 days
Longest Period:120 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
10%
31-60 Days
37%
After 60 Days
53%
Not Paid Within Terms9%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-04-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202423 May 2025599%37%54%0%
01 Jul 2023 - 31 Dec 202316 Apr 20245910%37%53%9%
01 Jan 2023 - 30 Jun 202316 Apr 2024608%38%54%17%
01 Jul 2022 - 31 Dec 202216 Apr 20246110%36%54%13%
01 Jan 2022 - 30 Jun 202219 Jul 20225811%35%54%11%
01 Jul 2021 - 31 Dec 202119 Jul 20225713%35%52%12%
01 Jan 2021 - 30 Jun 202119 Jul 20225810%37%53%12%
01 Jul 2020 - 31 Dec 202003 Mar 2021599%36%55%14%
01 Jan 2020 - 30 Jun 202008 Sept 20205910%32%58%25%
01 Jul 2019 - 31 Dec 201904 Feb 20204828%41%31%55%
01 Jan 2019 - 30 Jun 201926 Jul 20194728%37%35%65%
01 Jul 2018 - 31 Dec 201828 Jan 20195025%34%41%62%
02 Jan 2018 - 30 Jun 201823 Jul 20185221%34%45%65%

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

Majority of accounts are set up on 30 – 60 days, although have agreed extended credit terms with some major suppliers in the period.

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

90

Dispute Resolution Process

Disputes in the first instance are raised with the Accounts Payable team who have regular contact with suppliers. This is escalated to the Procurement team and Group legal team if it cannot be resolved.

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

FLETCHERS BAKERIES LIMITED is a British company that specializes in the production and distribution of bakery products. Founded in 1910, the company has a long history of providing high-quality baked goods to its customers.

The company's sustainability program is an important aspect of its operations. FLETCHERS BAKERIES LIMITED is committed to reducing its environmental impact and promoting sustainable practices. This includes using renewable energy sources, reducing waste, and sourcing ingredients from sustainable suppliers.

The company offers a wide range of products, including bread, cakes, pastries, and savoury snacks. These products are made using traditional recipes and high-quality ingredients, ensuring delicious and fresh products for their customers.

At the helm of FLETCHERS BAKERIES LIMITED is its Managing Director, John Fletcher, who has over 20 years of experience in the bakery industry. He is supported by a team of experienced and dedicated professionals who are committed to providing the best products and services to their customers.

For any inquiries or orders, customers can contact FLETCHERS BAKERIES LIMITED through their website at www.fletchersbakeries.co.uk or by visiting their registered office at 1 Station Road, Sheffield, S35 9YR, United Kingdom. The company also has a strong online presence, with active social media accounts on Facebook, Twitter, and Instagram. FLETCHERS BAKERIES LIMITED is a trusted and reliable bakery company, known for its sustainability efforts and high-quality products.

Financial Metrics

Cash
£0
Net Worth
£42,000
Total Current Assets
£34,675,000
Total Current Liabilities
£53,579,000

Company Location