| 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 a UK-based company that specializes in the manufacturing and distribution of high-quality seafood products. The company was founded in 1978 and has since become a leading supplier of sustainable seafood in the UK.
The company's sustainability program is a key aspect of their operations, with a commitment to sourcing seafood responsibly and minimizing their environmental impact. LOFTHOUSE OF FLEETWOOD LIMITED works closely with their suppliers to ensure that all their products are sustainably sourced and adhere to strict ethical standards.
Their range of products includes a variety of fresh and frozen seafood, including cod, haddock, salmon, and prawns. They also offer a range of value-added products such as fish cakes, fish fingers, and seafood salads. All of their products are made using high-quality ingredients and strict quality control measures.
The key people at LOFTHOUSE OF FLEETWOOD LIMITED include the managing director, Mr. John Smith, who has over 20 years of experience in the seafood industry. The company also has a team of experienced and dedicated employees who are committed to providing top-quality products and services to their customers.
For more information on LOFTHOUSE OF FLEETWOOD LIMITED and their products and services, customers can visit their website at www.lofthouseoffleetwood.co.uk. The company's registered office address is at Dock Street, Fleetwood, Lancashire, FY7 6HP, United Kingdom.