The trend for S.K. CHILLED FOODS LIMITED is generally positive, with a decrease in the average time taken to pay invoices over the past three periods. However, there was a slight increase in the most recent period (2021-10-03 to 2022-04-02).
The volatility for S.K. CHILLED FOODS LIMITED is relatively stable, with small fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. The most volatile metric is the percentage of invoices paid later than 60 days, which has ranged from 12% to 30% over the past three periods.
| 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 |
|---|---|---|---|---|---|---|
| 03 Oct 2021 - 02 Apr 2022 | 16 Sept 2022 | 47 | 28% | 42% | 30% | 80% |
| 04 Apr 2021 - 02 Oct 2021 | 24 Dec 2021 | 48 | 31% | 39% | 30% | 78% |
| 04 Oct 2020 - 03 Apr 2021 | 27 Apr 2021 | 45 | 31% | 49% | 20% | 76% |
| 29 Mar 2020 - 03 Oct 2020 | 31 Oct 2020 | 42 | 36% | 44% | 20% | 74% |
| 29 Sept 2019 - 28 Mar 2020 | 22 Apr 2020 | 40 | 36% | 49% | 15% | 74% |
| 31 Mar 2019 - 28 Sept 2019 | 22 Oct 2019 | 40 | 35% | 53% | 12% | 72% |
| 30 Sept 2018 - 30 Mar 2019 | 11 Oct 2019 | 43 | 31% | 55% | 15% | 77% |
| 01 Apr 2018 - 29 Sept 2018 | 11 Oct 2019 | 42 | 23% | 65% | 12% | 75% |
| 01 Oct 2017 - 31 Mar 2018 | 15 May 2018 | 51 | 20% | 56% | 25% | 83% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days plus payment clearing
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
77
Any initial dispute will be resolved between our buyer and the supplier. If no resolution then that will be escalated to the buyer's manager and the supplier, subsequently a director and the supplier if necessary. Legal action is only considered if no other alternative.
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
S.K. Chilled Foods Limited was registered under the SIC code for processing and preserving fruit and vegetables, with a Nottingham registered office. Its trading website now redirects visitors, stating that SK Foods is part of the Compleat Food Group, and describes production of pastry-based party food and chilled products such as hot pies, quiches, tarts, pasties, sausage rolls, pork pies, scotch eggs and sweet bakery items, made for retailers, foodservice and hospitality customers, including own-label ranges and the Wall's brand. The company therefore operates as part of a wider group producing chilled and baked food products rather than trading solely under its own name. No separate standalone financial or operational details for the registered entity are given beyond incorporation and status information.
Generated from the company's website and Companies House records. Sources: skfoods.co.uk