Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for OSCAR MAYER LIMITED to pay invoices has been increasing over the past three periods. In the most recent period (2020-10-11 to 2021-03-27), the average time to pay was 57 days, which is a 15% increase from the previous period (2020-03-29 to 2020-10-10) where the average time to pay was 50 days. In the period before that (2019-10-13 to 2020-03-28), the average time to pay was 46 days. This shows a trend of increasing average time to pay for OSCAR MAYER LIMITED.
The volatility in OSCAR MAYER LIMITED's payment patterns can be seen in the change in the percentage of invoices paid within 30 days. In the most recent period (2020-10-11 to 2021-03-27), only 15% of invoices were paid within 30 days, a significant decrease from the previous period (2020-03-29 to 2020-10-10) where 12% of invoices were paid within 30 days. In the period before that (2019-10-13 to 2020-03-28), 17% of invoices were paid within 30 days. This shows a volatile pattern of on-time payments for OSCAR MAYER LIMITED.
In the most recent period (2020-10-11 to 2021-03-27), OSCAR MAYER LIMITED took an average of 57 days to pay invoices, which is a 15% increase from the previous period (2020-03-29 to 2020-10-10) where the average time to pay was 50 days. The percentage of invoices paid within 30 days also decreased from 12% to 15%. The percentage of invoices paid later than 60 days increased significantly from 43% to 46%. This shows a trend of delayed payments for OSCAR MAYER LIMITED in the most recent period.
| 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 |
|---|---|---|---|---|---|---|
| 11 Oct 2020 - 27 Mar 2021 | 08 Jun 2021 | 57 | 15% | 39% | 46% | 82% |
| 29 Mar 2020 - 10 Oct 2020 | 08 Jun 2021 | 60 | 12% | 45% | 43% | 85% |
| 13 Oct 2019 - 28 Mar 2020 | 08 Jun 2021 | 50 | 17% | 56% | 27% | 83% |
| 31 Mar 2019 - 12 Oct 2019 | 08 Jun 2021 | 46 | 23% | 57% | 20% | 82% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 42 | 27% | 66% | 7% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms with suppliers are 90 days from invoice date.
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
In the event of a supplier dispute over payments, the dispute is notified to the supplier and if this cannot be resolved it would be escalated to appropriate individuals.
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
Oscar Mayer Limited is a food manufacturer producing chilled ready meals, operating from sites in Erith, Wrexham and Flint. Companies House records the business under SIC code 10850, manufacture of prepared meals and dishes, consistent with its own description of chilled meal production and food innovation. The company's website refers to 'building a better food future from farm to fork' and to advancing environmental, social and governance practices across its operations. It presents itself as focused on chilled meal production, workforce standards and supply chain quality rather than wholesale distribution. The company has been registered since 1976 and remains active.
Generated from the company's website and Companies House records. Sources: oscarmayer.co.uk · oscarmayer.co.uk · oscarmayer.co.uk