The average time taken for BAKER & BAKER PRODUCTS UK LIMITED to pay invoices has been increasing over the past three periods, from 53 days in 2018 to 59 days in 2023.
The percentage of invoices paid within 30 days has fluctuated between 9% and 25% over the past three periods, while the percentage of invoices paid later than 60 days has fluctuated between 40% and 58%.
| 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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 59 | 11% | 34% | 55% | 90% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Aug 2023 | 59 | 10% | 34% | 56% | 91% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 61 | 9% | 33% | 58% | 92% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 59 | 10% | 34% | 56% | 88% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 48 | 25% | 34% | 41% | 34% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 55 | 13% | 38% | 49% | 75% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 60 | 12% | 32% | 56% | 76% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 55 | 15% | 36% | 49% | 70% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 49 | 19% | 41% | 40% | 62% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 53 | 19% | 34% | 47% | 76% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 53 | 21% | 33% | 46% | 82% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
120
Invoices are matched on receipt and disputed invoices are notified to the supplier. Disputes are managed directly between the supplier and buyer and resolved items are then reprocessed.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
This company, registered as BAKER & BAKER PRODUCTS UK LIMITED, was previously known as CSM (UNITED KINGDOM) LIMITED, having traded under several earlier names including Bakemark UK Limited and Leaf (UK) Limited. Companies House records its business as the manufacture of bread, fresh pastry goods and cakes, along with other food products not elsewhere classified. It is based in Bromborough, Wirral, and is controlled by Baker & Baker Group Limited, having become part of that group in 2021. The entity holds several leasehold and freehold property titles across England, reflecting a manufacturing operation with sites in more than one region. It operates within the bakery goods manufacturing sector as part of the wider Baker & Baker group structure.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk