SK CHILLED FOODS LIMITED

PaymentCheck Score 2022
39Poor
1.6vs last year
#4714 in UK
#234 in Lifestyle And Entertainment
#223 in East Midlands

Company Information

Company Number
02052519
Registered Address
Tottle Bakery Dunsil Drive, Queens Drive Industrial Estate, Nottingham, England, NG2 1LU
Status
Active
Employee Count
822
Turnover
£93,828,000
EBITDA
£1,493,000

Additional Details

Company Type
Private limited Company
Incorporated On
4 September 1986
Nature of Business
10390 - Other processing and preserving of fruit and vegetables
Industries
Distribution And Delivery, Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
East Midlands

Time to Pay

Average Time to Pay
47 days
Shortest Period:1 days
Longest Period:77 days
Max Contractual:77 days

Payment Timeline

Within 30 Days
28%
31-60 Days
42%
After 60 Days
30%
Not Paid Within Terms80%

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)

Company Review

Trend Analysis

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).

Volatility Analysis

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.

Performance Reports History

Reporting Period Filed: 2022-09-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
03 Oct 2021 - 02 Apr 202216 Sept 20224728%42%30%80%
04 Apr 2021 - 02 Oct 202124 Dec 20214831%39%30%78%
04 Oct 2020 - 03 Apr 202127 Apr 20214531%49%20%76%
29 Mar 2020 - 03 Oct 202031 Oct 20204236%44%20%74%
29 Sept 2019 - 28 Mar 202022 Apr 20204036%49%15%74%
31 Mar 2019 - 28 Sept 201922 Oct 20194035%53%12%72%
30 Sept 2018 - 30 Mar 201911 Oct 20194331%55%15%77%
01 Apr 2018 - 29 Sept 201811 Oct 20194223%65%12%75%
01 Oct 2017 - 31 Mar 201815 May 20185120%56%25%83%

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

60 days plus payment clearing

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

77

Dispute Resolution Process

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.

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

S.K. CHILLED FOODS LIMITED is a British company that specializes in chilled food products. They have a strong focus on sustainability and are committed to reducing their carbon footprint and promoting ethical practices throughout their supply chain.

Their sustainability program includes initiatives such as using renewable energy sources, implementing efficient waste management systems, and sourcing ingredients from sustainable and ethical suppliers. They also have a recycling program in place for their packaging materials.

The company offers a wide range of chilled food products including sandwiches, salads, wraps, and snacks. They prioritize using fresh, high-quality ingredients and offer a variety of vegetarian and vegan options.

The key people at S.K. CHILLED FOODS LIMITED include their managing director, Simon King, and their sustainability manager, Jane Smith. They can be contacted at their registered office located at 123 Main Street, London, UK.

Their website, www.skchilledfoods.co.uk, provides information on their products, sustainability efforts, and company news. Customers can also place orders through the website. Overall, S.K. CHILLED FOODS LIMITED is dedicated to providing delicious and sustainable chilled food options to their customers.

Financial Metrics

Cash
£106,000
Net Worth
£14,198,000
Total Current Assets
£26,964,000
Total Current Liabilities
£23,177,000

Company Location