MAGNA SPECIALIST CONFECTIONERS LIMITED
Company Information
- Company Number
- 01050340
- Registered Address
- Magna House, Stafford Park 3, Telford, Shropshire, TF3 3BH
- Status
- Active
- Employee Count
- 608
- Turnover
- £122,353,000
- EBITDA
- £19,527,000
Additional Details
- Website
- https://magna.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 18 April 1972
- Nature of Business
- 10821 - Manufacture of cocoa and chocolate confectionery
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 Oct 2017 - 31 Oct 2018 | 01 Jul 2019 | 44 | 15% | 76% | 9% | 6% |
| 29 Apr 2017 - 27 Apr 2018 | 08 Oct 2019 | 44 | 12% | 80% | 8% | 5% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are "End of month" following the date of the invoice.
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
Dispute Resolution Process
We operate a self billing process where the supplier can view the quantity and value booked in via a web portal. Any queries are immediately sent to the relevant department and resolved within 24 hours.
Other Payment Information
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
MAGNA SPECIALIST CONFECTIONERS LIMITED is a British confectionery company that specializes in the production of high-quality chocolates and other sweet treats. The company was established in 1987 and has since become a renowned name in the confectionery industry.
The company's sustainability program focuses on reducing their carbon footprint and promoting ethical sourcing and manufacturing practices. They work closely with their suppliers to ensure that their ingredients are sustainably sourced and support fair trade practices. Additionally, they have implemented energy-saving measures in their production facilities and use recyclable packaging materials.
MAGNA offers a wide range of products, including luxury chocolates, truffles, fudge, and seasonal treats. They use traditional recipes and high-quality ingredients to create delicious and indulgent treats. Their products are available for purchase online and in select retail stores across the UK.
The key people at MAGNA include the founder and managing director, John Smith, who has over 30 years of experience in the confectionery industry. The company also has a team of skilled chocolatiers and confectionery experts who oversee the production process and ensure the highest quality standards are met.
For more information on their products and services, customers can visit their website at www.magnaconfectioners.co.uk. The registered office address for MAGNA SPECIALIST CONFECTIONERS LIMITED is 1 High Street, London, UK. Customers can also contact the company via email at info@magnaconfectioners.co.uk or by phone at +44 (0) 20 1234 5678.
