| 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 Jan 2019 - 30 Jun 2019 | 11 Nov 2019 | 37 | 31% | 62% | 7% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 38% | 54% | 8% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End Of Month Following
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
Accounts raise any disputes and informs the relevant buyer for that department. The buyer then contacts the supplier with the problem and possible solutions. We aim to get disputes resolved as soon as possible to minimize disruption.
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
Lofthouse Of Fleetwood Limited is the manufacturer behind Fisherman's Friend, the lozenge brand founded in Fleetwood in 1865. It trades under the Fisherman's Friend name, producing menthol and flavoured lozenges sold internationally in varieties including Original, Extra Strong, Aniseed, Blackcurrant, Honey & Lemon, Mint, Sugar Free, Cherry and Spearmint. Companies House records list its business as manufacture of sugar confectionery and basic pharmaceutical products, reflecting the lozenges' medicated character. The company remains registered and active at its historic Fleetwood site in Lancashire, where the product originated and continues to be made, with the brand marketed globally through its own dedicated website.
Generated from the company's website and Companies House records. Sources: fishermansfriend.com