Industry ranking
Shire Foods Limited maintains an average payment time of 27 days, sitting comfortably within the 30-day threshold and suggesting a generally prompt payment culture. The majority of payments (60%) are settled within 30 days, though a significant portion (37%) extends into the 31–60 day bracket, indicating that a substantial minority of invoices experience notable delays beyond standard terms. The 3% of payments exceeding 60 days represents a small but present tail risk that suppliers should factor into cash flow planning.
The late payment rate of 15% introduces a meaningful degree of unpredictability, meaning roughly one in seven invoices does not meet agreed payment terms, which could create cash flow pressure for suppliers operating on tight margins. The wide spread across payment bands — from under 30 days to over 60 days — points to inconsistency in payment processing, which may reflect variable internal approval cycles or cash management practices. This variability makes payment timing difficult to forecast with confidence, increasing the administrative burden of credit monitoring for suppliers.
Shire Foods Limited presents a moderate payment risk profile; the 27-day average is reassuring, but the 15% late payment rate and significant 31–60 day bracket warrant careful consideration before extending generous credit terms. Suppliers are advised to implement clear payment terms in contracts, set credit limits proportionate to their risk exposure, and establish proactive invoice follow-up procedures at the 25-day mark. For higher-value transactions, requesting shorter payment terms or partial upfront payment would be a prudent risk mitigation measure.
| 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 27 | 60% | 37% | 3% | 15% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 28 | 59% | 37% | 4% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are between 5 and 75 days, with the most frequent being 30 days
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
75
Shire Foods advises a supplier that there is an issue with goods or services. Accounts would then act as the first point of contact for a supplier to raise a payment dispute. Where applicable, accounts would request proof of delivery note or any other document which would help to resolve the issue.
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
Shire Foods Limited is a British pie manufacturer based in Leamington Spa, Warwickshire, incorporated in 1970. It produces pies, pasties, sausage rolls and savoury pastries, alongside vegan and vegetarian options and party food, from its Midlands production site. The company develops its own seasonings and fillings in house and describes its factory as a BRC Grade AA+ production site. It has been making pies for over 50 years and states it hand crimps thousands of pasties per hour. The company positions itself as a pastry manufacturing partner for other businesses rather than a retail brand, supplying frozen savoury food products.
Generated from the company's website and Companies House records. Sources: shirefoods.com