CRANSWICK CONVENIENCE FOODS LIMITED
Company Information
- Company Number
- 02239912
- Registered Address
- Crane Court Hesslewood Office Park, Ferriby Road, Hessle, England, HU13 0PA
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 April 1988
- Nature of Business
- 99999 - Dormant Company
- Industries
- Coming Soon
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
CRANSWICK CONVENIENCE FOODS LIMITED exhibits a clear trend of extended payment cycles, with an average payment time of 36 days. A significant majority of payments (81%) are classified as late, and only 38% are settled within 30 days. This indicates a consistent operational pattern where payments routinely extend beyond standard net-30 terms.
Volatility Analysis
Payment reliability for prompt settlement is low, reflecting the high percentage of late payments and only a third paid within 30 days. While 56% of payments predictably fall within the 31-60 day window, the 6% paid over 60 days introduces a notable risk of significantly delayed payments. This distribution suggests moderate volatility, making precise cash flow forecasting challenging for suppliers.
Summary Analysis
Suppliers should anticipate an average payment period of 36 days and a high probability of payments extending beyond standard 30-day terms. Key decision factors include the supplier's capacity to manage extended payment cycles and the impact on their own cash flow. To mitigate risk, consider negotiating shorter payment terms, requesting upfront deposits for significant orders, or implementing clear late payment clauses.
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 |
|---|---|---|---|---|---|---|
| 26 Sept 2021 - 26 Mar 2022 | 02 May 2022 | 36 | 38% | 56% | 6% | 81% |
| 28 Mar 2021 - 25 Sept 2021 | 02 Dec 2021 | 35 | 20% | 74% | 6% | 78% |
| 27 Sept 2020 - 27 Mar 2021 | 27 Apr 2021 | 41 | 19% | 73% | 8% | 80% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 44 | 18% | 75% | 7% | 79% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 44 | 16% | 74% | 10% | 81% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 40 | 18% | 74% | 8% | 81% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 41 | 15% | 76% | 9% | 81% |
| 01 Apr 2018 - 30 Sept 2018 | 23 Oct 2018 | 40 | 17% | 76% | 7% | 82% |
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
Unless otherwise agreed in writing with the supplier, Cranswick Convenience Foods Limited shall pay the invoiced amounts within 30 days of the date of a correctly rendered invoice.
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
60
Dispute Resolution Process
Any disputes in the first instance will be referred to the representative who has normal day-to-day contact in relation to the goods or services supplied. If a dispute is not able to be resolved at this level, then the dispute may be escalated to Director level. Redress from the Courts for disputes that cannot be resolved is viewed as a last resort and the company would therefore seek to resolve any ongoing dispute through mediation wherever possible.
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.
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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?
❌
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
CRANSWICK CONVENIENCE FOODS LIMITED is an active private limited company specialising in convenience foods.
The company was incorporated on 6 April 1988 and operates from its registered office in Hessle, England, within the Yorkshire region. Its company number is 02239912, and it maintains an active status.
As a specialist in convenience foods, CRANSWICK CONVENIENCE FOODS LIMITED typically provides food products that are partially or fully prepared and designed for quick consumption. These items are distributed within the UK market, catering to consumer demands for readily available food options.
