| 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 |
|---|---|---|---|---|---|---|
| 28 Aug 2017 - 27 Feb 2018 | 29 Mar 2018 | 70 | 13% | 28% | 59% | 91% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Of the 91% not paid to term, 22% are paid within 3 days of being due and 47% of payments are made within a week of being due. This is due to the timing of our payment runs versus falling due dates, as we do not make payments every day. 69% of payments are made within 2 weeks.
Maximum contractual payment period agreed
90
Initial disputes are dealt with by our Ledger Manager and relevant Account Manager, with process in place to escalate firstly to the Financial Controller and then to the Chief Financial Officer.
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
Symington's Limited is a UK food producer based in Leeds, incorporated in 1990. Its own website states it creates food from ingredients under brands including Mug Shot, Naked Noodle, Ragu, Chicken Tonight, Twistd and The Hungry Elephant. The site also confirms the company is now part of Princes Group plc, indicating it operates as part of that wider corporate group rather than as an independent manufacturer. Companies House records list its nature of business as processing and preserving fruit and vegetables, consistent with its role as a food manufacturer producing packaged meal and sauce products for UK consumers under a portfolio of established brand names.
Generated from the company's website and Companies House records. Sources: symingtons.com