CONVENIENCE FOODS LIMITED
Company Information
- Company Number
- 02226886
- Registered Address
- Trinity Park House, Fox Way, Wakefield, West Yorkshire, WF2 8EE
- Status
- Active
- Employee Count
- 1,042
- Turnover
- £118,234,000
- EBITDA
- £11,163,000
Additional Details
- Website
- https://2sfg.com
- Company Type
- Private limited Company
- Incorporated On
- 3 March 1988
- Nature of Business
- 10130 - Production of meat and poultry meat products10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes10890 - Manufacture of other food products not elsewhere classified
- Industries
- Food And Drink, Supply Chain, Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for CONVENIENCE FOODS LIMITED to pay invoices has decreased from 67 days in August 2017 to 60 days in July 2023, with a slight increase in February 2020 and a peak of 61 days in July 2020.
Volatility Analysis
The % of invoices paid within 30 days has fluctuated between 19% and 31% over the past three years, with a peak in February 2023 and a low in August 2021. The % of invoices paid between 31 and 60 days has remained fairly consistent at around 20-24%, with a low of 18% in July 2020 and a high of 26% in July 2023. The % of invoices paid later than 60 days has also fluctuated between 48% and 62%, with a high in August 2017 and a low in February 2023.
Summary Analysis
CONVENIENCE FOODS LIMITED has shown a consistent trend of decreasing the average time to pay invoices, with a slight increase in February 2020. The % of invoices paid within 30 days has also been consistently increasing, with a peak in February 2023. However, there has been some volatility in the % of invoices paid later than 60 days, with a high in August 2017 and a low in February 2023. Overall, CONVENIENCE FOODS LIMITED has shown improvement in paying invoices within agreed terms over the past three years.
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 Feb 2025 - 31 Jul 2025 | 05 Sept 2025 | 62 | 23% | 25% | 52% | 78% |
| 01 Aug 2024 - 31 Jan 2025 | 21 Feb 2025 | 60 | 24% | 26% | 50% | 75% |
| 01 Aug 2023 - 31 Jan 2024 | 27 Feb 2024 | 59 | 26% | 26% | 49% | 76% |
| 01 Feb 2023 - 31 Jul 2023 | 08 Sept 2023 | 60 | 24% | 26% | 50% | 76% |
| 01 Aug 2022 - 31 Jan 2023 | 08 Sept 2023 | 60 | 26% | 24% | 49% | 77% |
| 01 Feb 2022 - 31 Jul 2022 | 13 Sept 2022 | 59 | 27% | 22% | 51% | 75% |
| 01 Aug 2021 - 31 Jan 2022 | 03 Mar 2022 | 57 | 28% | 21% | 51% | 74% |
| 01 Feb 2021 - 31 Jul 2021 | 31 Aug 2021 | 55 | 30% | 21% | 48% | 75% |
| 01 Aug 2020 - 31 Jan 2021 | 01 Mar 2021 | 58 | 27% | 22% | 50% | 76% |
| 01 Feb 2020 - 31 Jul 2020 | 24 Sept 2020 | 61 | 27% | 18% | 55% | 70% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 56 | 31% | 20% | 49% | 74% |
| 01 Feb 2019 - 31 Jul 2019 | 22 Aug 2019 | 60 | 29% | 18% | 53% | 78% |
| 01 Aug 2018 - 31 Jan 2019 | 25 Feb 2019 | 58 | 29% | 20% | 51% | 83% |
| 01 Feb 2018 - 31 Jul 2018 | 29 Aug 2018 | 65 | 23% | 19% | 58% | 81% |
| 01 Aug 2017 - 31 Jan 2018 | 27 Feb 2018 | 67 | 19% | 19% | 62% | 78% |
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
We shall pay the price of the goods and the services on our first working day following the end of the third month following receipt of a correctly constituted VAT invoice or, if later, upon our acceptance of the goods or services in question.
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
120
Dispute Resolution Process
Invoices are matched on receipt and disputed invoices notified to the supplier. Disputes are managed directly between the supplier and site and resolved items are then reprocessed.
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
Convenience Foods Limited is a British food manufacturing company that specializes in producing a variety of frozen, chilled, and ambient food products. The company was founded in 1972 and has since become a leading player in the UK food industry.
Sustainability is at the core of Convenience Foods Limited's operations. The company is committed to reducing its environmental impact and promoting sustainable practices throughout its supply chain. This includes sourcing ingredients from sustainable and ethical sources, reducing food waste, and implementing energy-efficient processes in its production facilities.
Convenience Foods Limited offers a wide range of products, including ready meals, pizzas, desserts, and snacks. These products are available under various well-known brands such as Goodfella's, Aunt Bessie's, and Birds Eye. The company also collaborates with major supermarkets and retailers to produce private label products.
The key people at Convenience Foods Limited include the Chairman, Martin Glenn, and the CEO, Wayne Hudson. Under their leadership, the company has seen significant growth and success in recent years. The company's registered office address is listed as Deepdale Business Park, Nether Poppleton, York, YO26 6QW.
In addition to its commitment to sustainability, Convenience Foods Limited also places a strong emphasis on food safety and quality. The company has strict quality control measures in place to ensure that its products meet the highest standards.
For more information on Convenience Foods Limited and its products, you can visit their website at www.convfoods.com. The website also contains contact information for customer inquiries. The company can also be reached via phone at 01904 604604. With their focus on sustainability and quality, Convenience Foods Limited continues to be a trusted and reliable provider of convenient food options in the UK.
