Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time for ORCHARD HOUSE FOODS LIMITED to pay invoices has slightly decreased over the past three periods, starting at 37 days in 2017 and decreasing to 32 days in 2020. However, there was a slight increase in 2021 and 2022 to 43 and 51 days respectively.
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with only a 3% change between the periods. However, there has been more volatility in the percentage of invoices paid between 31 and 60 days, with a 13% decrease in 2020 and a 16% increase in 2022. The percentage of invoices paid later than 60 days also saw some volatility, with a 12% decrease in 2018 and a 9% increase in 2022. Overall, there has been a slight decrease in volatility over the three periods.
From 2017 to 2020, ORCHARD HOUSE FOODS LIMITED has shown a consistent trend of paying invoices on time or earlier, with the percentage of invoices paid within 30 days increasing from 16% to 60%. The percentage of invoices paid later than 60 days has also decreased from 24% to 6%. However, there was a slight increase in the average time to pay invoices in 2021 and 2022, as well as a decrease in the percentage of invoices paid within 30 days. It is also worth noting that in 2019, there was a period where no data was provided, which may have impacted the overall trend.
| 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 Jan 2022 - 30 Jun 2022 | 01 Sept 2022 | 51 | 48% | 37% | 15% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 42 | 60% | 34% | 6% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 43 | 45% | 50% | 5% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 32 | 58% | 36% | 6% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 32 | 60% | 34% | 6% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 35 | 49% | 39% | 12% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 32 | 58% | 33% | 9% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 37 | 42% | 46% | 12% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 36 | 30% | 49% | 21% | 48% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 37 | 16% | 60% | 24% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
there are no standard payment terms. payment terms are agreed with each supplier individually
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
75
We strive to resolve any invoice/payment queries and disputes on a timely basis and, where possible, before payment is due. The Accounts Payable department, in conjunction with procurement and supply chain, are responsible for dispute resolution. The Accounts Payable Department for the Corby site can be contacted by e-mail on purchaseledger@ohf.co.uk. The Accounts Payable Department for the Gateshead site can be contacted by e-mail on purchaseledger@ohfgateshead.co.uk.
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
Orchard House Foods Limited was a company registered in the UK with the stated business activity of manufacturing fruit and vegetable juice, as recorded under its Companies House classification. It was incorporated in March 1985 and is registered in Manchester. The company's official status is now In Administration. No further verified detail about its operations, products or trading history is available from the supplied evidence beyond this classification and status.
Generated from the company's website and Companies House records.