ICELAND FOODS LIMITED
Company Information
- Company Number
- 01107406
- Registered Address
- Second Avenue, Deeside Industrial Park, Deeside, Flintshire, CH5 2NW
- Status
- Active
- Employee Count
- 27,447
- Turnover
- £3,864,900,000
- EBITDA
- £75,300,000
Additional Details
- Website
- https://pbcrp.com/
- Company Type
- Private limited Company
- Incorporated On
- 10 April 1973
- Nature of Business
- 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- Wales
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 |
|---|---|---|---|---|---|---|
| 29 Mar 2025 - 26 Sept 2025 | 28 Oct 2025 | 43 | 34% | 37% | 29% | 2% |
| 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% |
| 30 Mar 2019 - 30 Sept 2019 | 23 Oct 2019 | 49 | 26% | 36% | 38% | 2% |
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
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
Dispute Resolution Process
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
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
ICELAND FOODS LIMITED is a British supermarket chain that specializes in frozen foods. The company was founded in 1970 and is headquartered in Deeside, Wales.
The company's sustainability program, called "Power of Frozen," focuses on reducing food waste, promoting responsible sourcing, and minimizing environmental impact. As part of this program, Iceland has committed to eliminating plastic packaging from their own brand products by 2023. They also have a partnership with the Marine Stewardship Council to ensure sustainable fishing practices.
ICELAND FOODS LIMITED offers a wide range of frozen products, including ready meals, vegetables, meats, and desserts. They also have a range of plant-based and vegetarian options. Their products are known for their high quality and affordability.
The company is led by Richard Walker, who serves as the Managing Director. He is the son of the company's founder, Sir Malcolm Walker. Iceland also has a team of experienced directors and executives who oversee the day-to-day operations of the business.
Customers can contact Iceland through their website, which also offers online shopping and home delivery services. Their registered office address is Second Avenue, Deeside Industrial Park, Deeside, Flintshire, CH5 2NW, United Kingdom.
In summary, ICELAND FOODS LIMITED is a well-established British supermarket chain with a strong focus on sustainability and frozen foods. Their commitment to reducing environmental impact and providing high-quality products has made them a popular choice among consumers. With a dedicated management team and convenient online services, Iceland continues to be a leading player in the frozen food market.
