Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jan 2025 - 30 Jun 2025 | 15 Aug 2025 | 31 | 43% | 53% | 4% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 15 Aug 2025 | 29 | 48% | 47% | 5% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 32 | 45% | 46% | 9% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 32 | 47% | 41% | 12% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | 31 | 50% | 42% | 8% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 27 | 55% | 43% | 2% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 25 | 57% | 41% | 2% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 26 | 61% | 36% | 3% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 28 | 56% | 39% | 5% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 31 | 54% | 38% | 7% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 31 | 46% | 50% | 4% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 32 | 48% | 46% | 6% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 42 | 33% | 48% | 20% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 40 | 33% | 55% | 12% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 37% | 59% | 4% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless we have entered into specific trading agreements with supplier our purchase is conducted in accordance with our Standard Terms and Conditions of Purchase which can be downloaded: http://www.lakesidefoods.co.uk/downloads/std-terms-and-conditions-of-purchase.pdf Most frequently used payment terms are 30 days of receipt of an accurate and valid VAT invoice. We also agree to different payment terms depending on types of contract, supplier or product: proforma for Far East purchase (LOC & Import Collection), Proforma ,7 days, fresh -14/21 days, 35 days, 30 days from month end Lakeside Foods arranges weekly payment runs: Bacs +International and ad-hoc daily proforma payments if required.
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
30
Purchase invoices should be e-mailed to purchaseledger@lakesidefoods.co.uk or delivered by post. Invoice is matched to purchase order by purchase ledger clerk and passed for payment with agreed payment terms. In case of any quantity or price discrepancy query will be passed to Lakeside Foods buyer responsible for purchasing of goods or service. Purchase ledger clerk will contact supplier to explain issue and request credit note or issue debit note if required.
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
Lakeside Food Group Limited, trading as Lakeside Foods Group, is a Norfolk-based food business established in 1989. It supplies chilled and frozen food products, both raw and cooked, to retail, manufacturing and food service customers, sourcing and manufacturing through partners across the UK, EU and Asia. The company covers a broad span of proteins and categories rather than a single product line, offering items from raw materials through to finished goods. It employs more than 70 people across its international operations and positions itself as a single-source supplier for customers seeking a full range of chilled and frozen product formats.
Generated from the company's website and Companies House records. Sources: lakesidefoods.co.uk · lakesidefoods.co.uk