Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for Northern Foods Grocery Group Limited to pay invoices to suppliers has fluctuated between 62 and 71 days over the past three years.
The average time taken to pay invoices has fluctuated by 9 days over the past three years, showing moderate volatility.
From Aug 2019 to Jan 2021, Northern Foods Grocery Group Limited experienced an overall decrease in the average time taken to pay invoices, from 69 days to 63 days.
| 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 Feb 2022 - 31 Jul 2022 | 13 Sept 2022 | 62 | 18% | 16% | 65% | 86% |
| 01 Aug 2021 - 31 Jan 2022 | 03 Mar 2022 | 63 | 18% | 21% | 61% | 72% |
| 01 Feb 2021 - 31 Jul 2021 | 31 Aug 2021 | 63 | 20% | 20% | 60% | 72% |
| 01 Aug 2020 - 31 Jan 2021 | 01 Mar 2021 | 67 | 16% | 18% | 66% | 72% |
| 01 Feb 2020 - 31 Jul 2020 | 24 Sept 2020 | 67 | 20% | 15% | 65% | 72% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 62 | 23% | 18% | 60% | 74% |
| 01 Feb 2019 - 31 Jul 2019 | 22 Aug 2019 | 66 | 22% | 15% | 64% | 77% |
| 01 Aug 2018 - 31 Jan 2019 | 25 Feb 2019 | 64 | 25% | 15% | 60% | 77% |
| 01 Feb 2018 - 31 Jul 2018 | 29 Aug 2018 | 71 | 23% | 11% | 66% | 81% |
| 01 Aug 2017 - 31 Jan 2018 | 27 Feb 2018 | 69 | 22% | 12% | 66% | 69% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We shall pay the price of the goods and the services on our first working day following the end of the third month following receipt of a correctly constituted VAT invoice or, if later, upon our acceptance of the goods or services in question.
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
120
Invoices are matched on receipt and disputed invoices notified to the supplier. Disputes are managed directly between the supplier and site and resolved items are then reprocessed.
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
Northern Foods Grocery Group Limited is a UK registered company whose listed activities cover the manufacture of biscuits, rusks and preserved pastry goods, alongside cocoa and chocolate confectionery. It is linked to Fox's Burton's Companies UK (FBC UK), which brings together the Fox's and Burton's biscuit brands, with a combined heritage dating back to 1853. FBC UK produces well known British biscuit products, including Jammie Dodgers and Maryland Cookies, under these two legacy names. The company's registered office is in Wakefield, West Yorkshire, and it was incorporated in 1936. Its role sits within the wider biscuit manufacturing business operating under the FBC UK identity rather than as a standalone consumer-facing brand.
Generated from the company's website and Companies House records. Sources: foxs-biscuits.co.uk