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 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.
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.
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.
| 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 Aug 2025 - 31 Jan 2026 | 09 Mar 2026 | 62 | 22% | 28% | 50% | 37% |
| 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 Feb 2024 - 31 Jul 2024 | 02 Sept 2024 | 60 | 24% | 26% | 51% | 77% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
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.
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
Convenience Foods Limited is a food manufacturing company registered in the UK, based in Wakefield, West Yorkshire. According to Companies House records, its registered activities cover production of meat and poultry meat products, manufacture of bread, fresh pastry goods and cakes, and manufacture of other food products not elsewhere classified. The company was incorporated in 1988, having previously traded as Neatsingle Limited and then Northern Convenience Foods Limited before adopting its current name. It remains an active private limited company. No further detail on specific product lines, brands or trading operations is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk