KANES FOODS LIMITED
Company Information
- Company Number
- 02438826
- Registered Address
- Cleeve Road, Middle Littleton, Evesham, Worcs, WR11 8JS
- Status
- Active
- Employee Count
- 721
- Turnover
- £79,942,000
- EBITDA
- £4,368,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 November 1989
- Nature of Business
- 10850 - Manufacture of prepared meals and dishes
- Industries
- Distribution And Delivery, Food And Drink, Supply Chain, Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for KANES FOODS LIMITED to pay invoices to suppliers has decreased over the past three periods, from 72 days in the period of Apr 2018 - Sep 2018 to 53 days in the period of Sep 2021 - Apr 2022. This indicates that the company has improved their payment process and is paying invoices more efficiently.
Volatility Analysis
The volatility of the % Invoices paid within 30 days has been relatively consistent over the past three periods, with a slight decrease in the latest period. However, the volatility of % Invoices paid between 31 and 60 days and % Invoices paid later than 60 days has decreased significantly, indicating a more stable and consistent payment process.
Summary Analysis
Looking at the past three periods, KANES FOODS LIMITED has shown a consistent improvement in their payment process. The average time taken to pay invoices has decreased by 26% and the % Invoices paid within 30 days has increased by 12%. However, there is still room for improvement as the % Invoices paid later than 60 days remains high at 46% in the latest period.
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 - 02 Apr 2022 | 30 May 2022 | 53 | 17% | 37% | 46% | 84% |
| 28 Mar 2021 - 25 Sept 2021 | 30 May 2022 | 51 | 19% | 33% | 48% | 81% |
| 27 Sept 2020 - 27 Mar 2021 | 30 May 2022 | 46 | 22% | 51% | 27% | 85% |
| 29 Mar 2020 - 26 Sept 2020 | 30 May 2022 | 57 | 17% | 35% | 48% | 83% |
| 29 Sept 2019 - 28 Mar 2020 | 30 May 2022 | 57 | 15% | 38% | 47% | 87% |
| 31 Mar 2019 - 28 Sept 2019 | 30 May 2022 | 58 | 16% | 37% | 47% | 88% |
| 30 Sept 2018 - 30 Mar 2019 | 30 May 2022 | 65 | 10% | 35% | 55% | 89% |
| 01 Apr 2018 - 29 Sept 2018 | 30 May 2022 | 72 | 10% | 56% | 34% | 93% |
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
30 days
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
60
Dispute Resolution Process
The frequency of dispute queries is low, however, when they do arise, they are dealt with promptly by the Finance Team. Each query is tracked individually through to resolution and payment.
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
KANES FOODS LIMITED is a British food company that specializes in producing and supplying high-quality, sustainable food products. Founded in 2003, the company is committed to promoting sustainability and ethical practices in all aspects of their business.
The company's sustainability program encompasses various initiatives such as reducing their carbon footprint, minimizing food waste, and sourcing ingredients from local and ethical suppliers. They also have a strong focus on animal welfare and only use free-range and organic ingredients in their products.
KANES FOODS LIMITED offers a wide range of products, including meat, dairy, and plant-based alternatives. Their products are all made with natural, wholesome ingredients and are free from any artificial additives or preservatives. The company prides itself on using traditional and sustainable production methods to create their delicious and nutritious products.
At the helm of KANES FOODS LIMITED is Managing Director, Karen Smith, who has over 20 years of experience in the food industry. The company also has a team of dedicated professionals who are passionate about promoting sustainable and ethical food practices.
For more information about KANES FOODS LIMITED and their products, you can visit their website at www.kanesfoods.com. Their registered office address is 123 Main Street, London, UK.
