FACCENDA FOODS LIMITED

PaymentCheck Score 2022
57Fair
1.4vs last year
#3602 in UK
#47 in Food And Drink
#147 in East Midlands

Company Information

Company Number
01611077
Employee Count
3,392
Turnover
£849,200,000
EBITDA
-£28,450,000

Additional Details

Industries
Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
East Midlands

Time to Pay

Average Time to Pay
43 days
Shortest Period:0 days
Longest Period:70 days
Max Contractual:70 days

Payment Timeline

Within 30 Days
32%
31-60 Days
58%
After 60 Days
10%
Not Paid Within Terms16%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-03-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Dec 2021 - 28 Feb 202231 Mar 20224332%58%10%16%
01 Jun 2021 - 30 Nov 202116 Dec 20214234%57%9%13%
01 Dec 2020 - 31 May 202130 Jun 20214334%56%10%15%
01 Jun 2020 - 30 Nov 202023 Dec 20204134%56%9%13%
01 Nov 2018 - 31 May 201927 Jun 20193934%58%8%11%
01 May 2017 - 31 Oct 201705 Jan 20183824%64%12%12%

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

45 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

70

Dispute Resolution Process

Invoices are received and are entered by the Purchase Ledger team on the Business Management System. Invoice variances (i.e. those not matching to a receipted purchase order) are sent to the buyer for approval on an internal intranet site. The buyer reviews the variance and if in agreement approves the variance and this goes to the necessary higher authority for further approval. On full approval the invoice is then paid within 7 days. If disputed the buyer requests proof of delivery and/or price confirmation. If no evidence is provided a credit note is requested by the buyer before the invoice is paid (net of the credit).

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

Faccenda Foods Limited is a British company that specializes in the production, processing, and distribution of poultry and other food products. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes using renewable energy sources, reducing waste and emissions, and promoting responsible sourcing of ingredients. They have also implemented a program to support local communities and have received various awards for their efforts in sustainability.

Faccenda Foods offers a wide range of products including fresh and frozen chicken, turkey, duck, and other poultry products. They also offer a variety of prepared meals and snacks, catering to different dietary needs and preferences.

The company is led by a team of experienced and dedicated individuals, including Andy Dawkins, the CEO, and Peter Judge, the CFO. They work closely with their employees and suppliers to ensure the highest quality and safety standards are met.

Faccenda Foods Limited can be contacted through their website at https://faccendafoods.co.uk/ or via email at info@faccendafoods.co.uk. Their registered office address is Faccenda Group Limited, Willow Road, Brackley, Northamptonshire, NN13 7EX, United Kingdom.

In conclusion, Faccenda Foods Limited is a leading food company in the UK, known for their commitment to sustainability and high-quality products. With a strong leadership team and a dedication to their customers and the environment, the company continues to be a trusted and reliable choice for consumers.

Financial Metrics

Cash
£966,923
Net Worth
£137,220,180
Total Current Assets
£213,882,416
Total Current Liabilities
£175,209,086