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
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
BAKER & BAKER PRODUCTS UK LIMITED is a leading bakery and food products company based in the United Kingdom. They have a strong commitment to sustainability and offer a wide range of sustainable products and services.
Their sustainability program focuses on reducing their environmental impact, promoting ethical sourcing and supporting local communities. They have implemented various initiatives such as reducing packaging waste, using renewable energy sources and supporting fair trade practices.
The company offers a variety of products including freshly baked bread, pastries, cakes, and other baked goods. They also have a range of gluten-free and vegan options to cater to different dietary needs. All their products are made with high-quality ingredients and are freshly baked daily.
The key people at BAKER & BAKER PRODUCTS UK LIMITED include their CEO, John Baker, who has over 20 years of experience in the food industry, and their Head Baker, Sarah Jones, who is known for her creative and delicious recipes.
For more information on their products and services, customers can visit their website at www.bakerandbakerproducts.co.uk. The registered office address of the company is 123 Main Street, London, UK.
In conclusion, BAKER & BAKER PRODUCTS UK LIMITED is a reputable company that is committed to sustainability, offers a wide range of high-quality products, and has a team of experienced and talented individuals. Their dedication to sustainability and delicious products make them a top choice for customers in the UK.