COUNTRY STYLE FOODS LIMITED
Company Information
- Company Number
- 02554051
- Employee Count
- 2,625
- Turnover
- £316,678,000
- EBITDA
- £2,997,000
Additional Details
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for COUNTRY STYLE FOODS LIMITED to pay invoices has remained relatively consistent, with a slight decrease from 41 days in the first two periods to 39 days in the third period. The percentage of invoices paid within 30 days has also remained consistent at around 15-18%, while the percentage of invoices paid between 31 and 60 days has increased from 70% to 75%. However, there has been a decrease in the percentage of invoices paid later than 60 days, from 12% in the first period to 10% in the third period. This suggests that the company has improved in terms of timely payments, but there is still room for improvement.
Volatility Analysis
The volatility in the time taken for COUNTRY STYLE FOODS LIMITED to pay invoices is relatively low, with only a two-day decrease in the third period compared to the first two periods. However, there has been more volatility in the percentage of invoices paid within 30 days, with a 8% decrease in the second period and a 5% increase in the third period. The percentage of invoices paid between 31 and 60 days has also shown some volatility, with a 10% increase in the second period and a 5% decrease in the third period. Overall, there is some volatility in the company's payment patterns, but it is not significant.
Summary Analysis
In the first two periods, COUNTRY STYLE FOODS LIMITED took an average of 41 days to pay invoices, with only 10-18% paid within 30 days. However, in the third period, there was a slight improvement as the company reduced the average time taken to pay invoices to 39 days and increased the percentage of invoices paid within 30 days to 15%. There was also a decrease in the percentage of invoices paid later than 60 days, indicating further progress towards more timely payments. However, there is still room for improvement as 25% of invoices were paid between 31 and 60 days, and 10% were paid later than 60 days.
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 |
|---|---|---|---|---|---|---|
| 30 Oct 2017 - 30 Apr 2018 | 30 May 2018 | 41 | 10% | 80% | 10% | 5% |
| 30 Apr 2017 - 29 Oct 2017 | 29 Nov 2017 | 41 | 18% | 70% | 12% | 4% |
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 terms are agreed with each supplier and payments are made according to these terms
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
14
Dispute Resolution Process
We seek early resolution of any issues arising in accordance with recognised best practice
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.
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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?
❌
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
Country Style Foods Limited is a UK-based company that specializes in the production and distribution of baked goods. They have a strong focus on sustainability and have implemented various initiatives to reduce their environmental impact.
Their sustainability program includes using renewable energy sources, reducing waste and promoting recycling, and sourcing ingredients from sustainable and ethical suppliers. They also have a commitment to reducing their carbon footprint and have implemented energy-efficient practices in their production facilities.
Country Style Foods Limited offers a wide range of products including bread, cakes, pastries, and other baked goods, which are available in major supermarkets and independent retailers across the UK. They also offer private label products for various retailers.
The key people at Country Style Foods Limited include the CEO, Mark Dixon, and the Managing Director, Chris Peck. They have a team of experienced bakers and food technologists who ensure the quality and consistency of their products.
For more information on their products and sustainability initiatives, their website address is www.countrystylefoods.co.uk. Their registered office address is 50-60 Station Road, Redhill, Surrey, RH1 1PH, United Kingdom.
In summary, Country Style Foods Limited is a UK-based company that produces and distributes baked goods with a strong focus on sustainability. Their commitment to reducing their environmental impact and providing high-quality products makes them a leader in the food industry.
