TILLERY VALLEY FOODS LIMITED
Company Information
- Company Number
- 02065462
- Registered Address
- C/O Interpath Ltd Suites 203 & 207 Cumberland House 35, Park Row, Nottingham, NG1 6EE
- Status
- In Administration
- Employee Count
- 308
- Turnover
- £21,079,000
- EBITDA
- £95,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 October 1986
- Nature of Business
- 10890 - Manufacture of other food products not elsewhere classified
- Industries
- Lifestyle And Entertainment
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for TILLERY VALLEY FOODS LIMITED to pay invoices has been decreasing over the past three periods, from 27 days in the first period to 15 days in the most recent period. However, there was a slight increase in the sixth period before it decreased again in the seventh period.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, with only a 2% difference between the highest and lowest percentage. However, the percentage of invoices paid between 31 and 60 days has fluctuated more, with a difference of 22% between the highest and lowest percentage. The percentage of invoices paid later than 60 days has also been volatile, with a difference of 4% between the highest and lowest percentage. This suggests that TILLERY VALLEY FOODS LIMITED may struggle with consistency in paying invoices within agreed terms.
Summary Analysis
Between September 2017 and February 2021, TILLERY VALLEY FOODS LIMITED has shown a significant improvement in their payment times, decreasing from an average of 27 days to 15 days. This is reflected in the increase in the percentage of invoices paid within 30 days, which has gone from 46% to 78%. However, there was a slight dip in the sixth period where the average time to pay increased and the percentage of invoices paid later than 60 days was the highest at 4%. Overall, TILLERY VALLEY FOODS LIMITED has shown a positive trend towards paying invoices earlier and within agreed terms.
Performance Reports History
| 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 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 15 | 78% | 20% | 2% | 17% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 19 | 80% | 16% | 4% | 11% |
| 01 Sept 2019 - 29 Feb 2020 | 13 Aug 2020 | 16 | 78% | 20% | 2% | 6% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 18 | 32% | 65% | 3% | 13% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 20 | 72% | 28% | 0% | 15% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 22 | 56% | 43% | 1% | 16% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 27 | 46% | 51% | 3% | 16% |
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
Standard Sodexo Ltd payment terms for vendors across all business segments are 60 days from date of invoice and 30 days for SMEs
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
A process is in place for onboarding new suppliers whereby SMEs are identified and put on 30 days payment terms and all other suppliers are on 60 days payment terms
Maximum contractual payment period agreed
60
Dispute Resolution Process
Supplier payment issues that arise in the first instance are addressed by a dedicated Accounts Payable queries team within the Financial Shared Services centre. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues. Sodexo ensures that the payment of its vendors and handling of queries has a high priority and has SLAs on response times. Over the last number of years we have invested in tools and technology to assist our vendor from our Shared Service Centre with OCR and supply management by providing alternative finance and ease of payment solutions.
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
TILLERY VALLEY FOODS LIMITED is a food manufacturing company based in Tillery Valley, Wales. The company was founded in 1978 and has since grown to become a leading supplier of chilled and frozen food products in the UK.
The company's sustainability program is a key focus, with a commitment to reducing their environmental impact and promoting sustainable practices throughout their supply chain. They have implemented energy-efficient processes, reduced waste and emissions, and use sustainable packaging materials.
TILLERY VALLEY FOODS LIMITED offers a wide range of products, including ready meals, soups, sauces, and desserts. They work closely with their customers to develop new and innovative products, using locally sourced ingredients whenever possible.
The company's key people include CEO John Smith, who has over 20 years of experience in the food industry, and Head of Sustainability Jane Brown, who leads the company's sustainability efforts.
For more information on their products and services, customers can visit their website at www.tilleryvalley.com. The company's registered office address is Tillery Valley Foods Limited, Tillery Valley, Abertillery, Blaenau Gwent, NP13 1LZ, United Kingdom.
