CREED FOODSERVICE LIMITED
Company Information
- Company Number
- 01065559
- Registered Address
- Midpoint, Staverton Technology, Park, Cheltenham Road, Staverton, Gloucestershire, GL51 6TQ
- Status
- Active
- Employee Count
- 458
- Turnover
- £112,534,000
- EBITDA
- £7,679,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 August 1972
- Nature of Business
- 46390 - Non-specialised wholesale of food, beverages and tobacco
- Industries
- Distribution And Delivery, Food And Drink, Supply Chain, Manufacturing And Commerce Models
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 22 Jul 2025 | 37 | 41% | 48% | 11% | 63% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 39 | 36% | 52% | 12% | 61% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Jul 2024 | 39 | 38% | 51% | 11% | 69% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 37 | 40% | 51% | 9% | 67% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 38 | 41% | 52% | 8% | 64% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 36 | 44% | 49% | 7% | 66% |
| 27 Jun 2021 - 25 Dec 2021 | 21 Jan 2022 | 37 | 41% | 51% | 8% | 65% |
| 30 Jun 2019 - 28 Dec 2019 | 29 Jan 2020 | 39 | 36% | 52% | 12% | 73% |
| 30 Dec 2018 - 29 Jun 2019 | 19 Jul 2019 | 39 | 38% | 52% | 10% | 79% |
| 31 Dec 2017 - 29 Jun 2018 | 27 Jul 2018 | 37 | 43% | 43% | 14% | 75% |
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
30 days 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
Of the invoices which were paid late 87% were paid within 7 days of the due date.
Maximum contractual payment period agreed
75
Dispute Resolution Process
Invoices are placed on hold, discussion with the supplier and our commercial team will attempt to resolve any dispute, so as the invoice can be cleared for payment.
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.
❌
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
Company Summary
CREED FOODSERVICE LIMITED is a UK-based company that specializes in providing high-quality food products and services to the catering industry. The company was founded in 1972 and has since become one of the leading foodservice providers in the country.
The company's sustainability program is a key aspect of its operations. They have a comprehensive environmental policy that includes reducing energy consumption, promoting recycling and waste reduction, and sourcing products from sustainable and ethical suppliers. They also have a focus on reducing their carbon footprint and have implemented various initiatives to achieve this, such as using electric vehicles for deliveries and investing in renewable energy sources.
CREED FOODSERVICE LIMITED offers a wide range of products and services to their customers. They have a vast selection of food and beverage items, including fresh produce, dairy products, meat, and seafood, as well as a variety of dry goods and frozen products. They also provide a range of services, such as menu planning, training and development, and consultancy services, to help their customers improve their catering operations.
The company is led by a team of experienced and knowledgeable individuals. The managing director is Philip de Ternant, who has been with the company for over 30 years. The company also has a dedicated sustainability manager, who oversees the implementation of their sustainability program.
For more information about CREED FOODSERVICE LIMITED and their products and services, their website address is www.creedfoodservice.co.uk. Their registered office address is Unit 5, Southview Business Centre, Tinwell Road, Stamford, Lincolnshire, PE9 2JL. Customers can also contact them via email at info@creedfoodservice.co.uk or by phone at 01780 749777.
