STATESIDE FOODS LIMITED

PaymentCheck Score 2024
53Fair
11.0vs last year
#4140 in UK
#55 in Food And Drink
#301 in North West

Company Information

Company Number
02431656
Registered Address
Direct House Lancaster Way, Westhoughton, Bolton, England, BL5 3XY
Status
Active
Employee Count
1,212
Turnover
£204,627,000
EBITDA
£17,794,000

Additional Details

Company Type
Private limited Company
Incorporated On
12 October 1989
Nature of Business
10890 - Manufacture of other food products not elsewhere classified
Industries
Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
North West

Time to Pay

Average Time to Pay
32 days
Shortest Period:45 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
39%
31-60 Days
58%
After 60 Days
3%
Not Paid Within Terms79%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-05-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2023 - 29 Feb 202423 May 20243239%58%3%79%
01 Mar 2023 - 31 Aug 202320 May 20243058%38%4%33%
01 Sept 2022 - 28 Feb 202320 May 20243451%46%3%32%
01 Mar 2022 - 31 Aug 202220 May 20243349%47%4%36%
01 Sept 2021 - 28 Feb 202219 Jul 20223249%47%4%36%
01 Mar 2021 - 31 Aug 202119 Oct 20213245%52%3%43%
01 Sept 2020 - 28 Feb 202119 Oct 20213147%50%3%41%
01 Mar 2020 - 31 Aug 202012 Oct 20203145%53%2%39%
01 Sept 2018 - 28 Feb 201918 Mar 20193149%49%2%53%

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

Payment run following date of invoice + 45 days

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

Stateside Foods is committed to working with its suppliers in a timely manner to resolve all disputes quickly. In the event of a dispute between Stateside Foods and a supplier, the initial dispute is raised by Stateside Foods accounts payable team with the supplier's accounts receivable dept. If the information returned by the supplier does not resolve the dispute, the dispute is then escalated to the relevant invoice approver for follow up with the supplier and resolution.

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

STATESIDE FOODS LIMITED is a British food company that specializes in the production of frozen pizzas and other frozen food products. The company was established in 1994 and is based in Bolton, Greater Manchester, England.

The company's sustainability program is focused on reducing their environmental impact and promoting ethical and responsible practices. They have implemented various initiatives such as reducing waste, using sustainable packaging materials, and sourcing ingredients from sustainable and ethical suppliers.

STATESIDE FOODS LIMITED offers a wide range of frozen pizzas under their own brand name and also produces private label products for various retailers. Their products are available in supermarkets and grocery stores across the UK and Europe, as well as through online retailers.

The key people at STATESIDE FOODS LIMITED include CEO John Spirkett and Chairman Andrew Clough. They are supported by a team of experienced professionals in the food industry.

The company's registered office address is at 1st Floor, 2 City Walk, Leeds, LS11 9AR and their website address is www.statesidefoods.com. Customers can also contact them through their website for any inquiries or feedback.

In conclusion, STATESIDE FOODS LIMITED is a leading frozen food company in the UK, known for their sustainability efforts and high-quality products. With their commitment to responsible practices and innovative products, they continue to thrive in the competitive food industry.

Financial Metrics

Cash
£2,524,000
Net Worth
£11,806,000
Total Current Assets
£61,290,000
Total Current Liabilities
£48,710,000

Company Location