The average time taken for NORTHERN FOODS LIMITED to pay invoices has been fluctuating over the past three periods, with a slight increase in the most recent period.
The volatility of the average time taken to pay invoices has been relatively low, with only a 2 day difference between the shortest and longest periods.
| 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 2025 - 31 Jul 2025 | 05 Sept 2025 | 34 | 51% | 32% | 17% | 95% |
| 01 Aug 2024 - 31 Jan 2025 | 21 Feb 2025 | 28 | 61% | 24% | 15% | 76% |
| 01 Aug 2023 - 31 Jan 2024 | 27 Feb 2024 | 35 | 50% | 28% | 23% | 84% |
| 01 Feb 2023 - 31 Jul 2023 | 08 Sept 2023 | 32 | 59% | 22% | 19% | 79% |
| 01 Aug 2022 - 31 Jan 2023 | 08 Sept 2023 | 35 | 56% | 19% | 25% | 79% |
| 01 Feb 2022 - 31 Jul 2022 | 13 Sept 2022 | 34 | 57% | 21% | 22% | 76% |
| 01 Aug 2021 - 31 Jan 2022 | 03 Mar 2022 | 30 | 61% | 22% | 18% | 81% |
| 01 Feb 2021 - 31 Jul 2021 | 31 Aug 2021 | 32 | 53% | 30% | 17% | 83% |
| 01 Aug 2020 - 31 Jan 2021 | 01 Mar 2021 | 26 | 65% | 25% | 11% | 83% |
| 01 Feb 2020 - 31 Jul 2020 | 24 Sept 2020 | 26 | 69% | 15% | 16% | 79% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 28 | 68% | 19% | 13% | 79% |
| 01 Feb 2019 - 31 Jul 2019 | 22 Aug 2019 | 34 | 59% | 18% | 23% | 88% |
| 01 Aug 2018 - 31 Jan 2019 | 25 Feb 2019 | 34 | 50% | 33% | 16% | 84% |
| 01 Feb 2018 - 31 Jul 2018 | 29 Aug 2018 | 33 | 59% | 21% | 20% | 85% |
| 01 Aug 2017 - 31 Jan 2018 | 27 Feb 2018 | 33 | 58% | 21% | 21% | 86% |
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
Any other information about payment terms
N/A
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.
❌
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
Northern Foods Limited is a British food and beverage company that specializes in the production and distribution of a wide range of food products. The company was founded in 1939 and is headquartered in Leeds, United Kingdom.
The company's sustainability program focuses on reducing their environmental impact and promoting ethical and responsible practices. They have implemented initiatives such as reducing food waste, promoting sustainable sourcing of ingredients, and minimizing their carbon footprint.
Northern Foods Limited offers a variety of products, including ready meals, sandwiches, cakes, and snacks. They also have a range of vegetarian and vegan options, catering to a diverse range of dietary preferences. Their products are available in major supermarkets and retail stores across the UK.
The key people in Northern Foods Limited include the CEO, David Wild, and the Chairman, Sandy Ogg. They lead a team of over 10,000 employees who are committed to providing high-quality and sustainable food products.
For more information on Northern Foods Limited, their products, and sustainability program, you can visit their website at www.northernfoods.co.uk. Their registered office address is at Northern Foods Limited, 2 Wellington Place, Leeds, LS1 4AP, United Kingdom.