| 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 |
|---|---|---|---|---|---|---|
| 27 Sept 2025 - 27 Mar 2026 | 29 Apr 2026 | 43 | 33% | 37% | 30% | 3% |
| 29 Mar 2025 - 26 Sept 2025 | 28 Oct 2025 | 43 | 34% | 37% | 29% | 2% |
| 28 Sept 2024 - 28 Mar 2025 | 30 Apr 2025 | 43 | 37% | 35% | 28% | 5% |
| 30 Mar 2024 - 27 Sept 2024 | 29 Oct 2024 | 42 | 36% | 36% | 28% | 2% |
| 23 Sept 2023 - 29 Mar 2024 | 03 May 2024 | 41 | 38% | 33% | 29% | 4% |
| 25 Mar 2023 - 22 Sept 2023 | 25 Oct 2023 | 46 | 31% | 33% | 36% | 4% |
| 24 Sept 2022 - 24 Mar 2023 | 28 Apr 2023 | 47 | 30% | 36% | 34% | 4% |
| 26 Mar 2022 - 23 Sept 2022 | 21 Oct 2022 | 45 | 31% | 37% | 32% | 3% |
| 25 Sept 2021 - 25 Mar 2022 | 12 May 2022 | 46 | 29% | 38% | 33% | 4% |
| 27 Mar 2021 - 24 Sept 2021 | 01 Nov 2021 | 48 | 26% | 39% | 35% | 3% |
| 26 Sept 2020 - 26 Mar 2021 | 26 Apr 2021 | 49 | 25% | 39% | 35% | 3% |
| 01 Oct 2019 - 27 Mar 2020 | 28 Apr 2020 | 50 | 29% | 31% | 40% | 4% |
| 30 Mar 2019 - 30 Sept 2019 | 23 Oct 2019 | 49 | 26% | 36% | 38% | 2% |
| 29 Sept 2018 - 29 Mar 2019 | 26 Apr 2019 | 51 | 24% | 35% | 41% | 4% |
| 01 Apr 2018 - 30 Sept 2018 | 23 Oct 2018 | 53 | 20% | 38% | 42% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Icelands standard contractual payment terms state that Iceland will pay each correct invoice on its next weekly payment run following agreed terms. Terms do vary in accordance with individual agreements with suppliers. Iceland makes a Supply Chain Finance solution available to some suppliers which allows suppliers to receive payments earlier than their standard terms.
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
Our Accounts Payable team work closely with suppliers and with our buying team to ensure timely resolution of price / quantity issues. We also set up and communicated a dedicated point of contact to all suppliers in Sept 2017 to give an additional way of making speedy contact with the key people in our finance team to solve any invoice and payment queries, there is also an e mail address as an alternative method of contact. We stated that we would endeavour to deliver a solution to queries within 3 working days. ICELAND PAYMENTS/ INVOICE HELPLINE. :- 01244 842975 Or payments.support@Iceland.co.uk
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Iceland Foods Limited is a UK registered company incorporated in 1973, originally named Iceland Frozen Foods PLC and later Iceland Foods PLC before adopting its current name. Companies House records its nature of business under SIC code 47110, described as retail sale in non-specialised stores with food, beverages or tobacco predominating, indicating it operates as a food and grocery retailer. The company is registered at an industrial park address in Deeside, Flintshire, and its filings show it has Iceland Midco Limited recorded as a person with significant control, indicating it forms part of a wider corporate group. Company status is listed as active, with regular confirmation statements and accounts filed at Companies House.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk