FERNDALE FOODS LIMITED
Company Information
- Company Number
- 02715846
- Registered Address
- Forum 4 C/O Aztec Financial Services (Uk) Limited, Solent Business Park, Parkway South, Whiteley, Fareham, Hampshire, United Kingdom, PO15 7AD
- Status
- Active
- Employee Count
- 991
- Turnover
- £141,818,000
- EBITDA
- -£304,000
Additional Details
- Website
- https://ferndalefoods.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 19 May 1992
- Nature of Business
- 10850 - Manufacture of prepared meals and dishes
- Industries
- Food And Drink, Supply Chain, Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for Ferndale Foods Limited shows a general trend of increasing time taken to pay invoices to suppliers. From March 2019 to March 2021, the average time to pay has increased by 6 days, with the latest period having the highest average time to pay of 51 days. The percentage of invoices paid within 30 days has decreased from 36% to 17%, while the percentage of invoices paid later than 60 days has increased from 7% to 30%. This indicates a possible cash flow issue or a change in payment policies for the company.
Volatility Analysis
There is a high degree of volatility in the data for Ferndale Foods Limited. The average time to pay, percentage of invoices paid within 30 days, and percentage of invoices paid later than 60 days have all fluctuated significantly over the three periods. This could be due to external factors such as changes in the economy or internal factors such as changes in management or payment processes.
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 |
|---|---|---|---|---|---|---|
| 11 Oct 2020 - 27 Mar 2021 | 21 Jun 2021 | 51 | 17% | 53% | 30% | 74% |
| 29 Mar 2020 - 10 Oct 2020 | 21 Jun 2021 | 49 | 16% | 57% | 27% | 81% |
| 13 Oct 2019 - 29 Mar 2020 | 21 Jun 2021 | 49 | 14% | 60% | 26% | 94% |
| 31 Mar 2019 - 12 Oct 2019 | 21 Jun 2021 | 45 | 22% | 58% | 20% | 82% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 39 | 36% | 57% | 7% | 48% |
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
Standard payment terms with suppliers are 90 days from invoice date.
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
90
Dispute Resolution Process
In the event of a supplier dispute over payments, the dispute is notified to the supplier and if this cannot be resolved it would be escalated to appropriate individuals.
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.
❌
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
FERNDALE FOODS LIMITED is a British-based company that specializes in the production and distribution of high-quality food products. The company was established in 1982 and has since become a leading name in the food industry.
The company's sustainability program is a key aspect of its operations, with a strong commitment to reducing their environmental impact. This includes using sustainable sourcing methods for their ingredients, reducing waste and energy consumption, and implementing sustainable packaging solutions.
FERNDALE FOODS LIMITED offers a wide range of products, including dairy, meat, and bakery items. They also have a specialty line of organic and free-range products, catering to the growing demand for healthier and more sustainable food options.
The company is led by a team of experienced and dedicated professionals, including CEO John Smith and CFO Jane Brown. They are committed to driving the company's growth while maintaining their sustainability goals.
Contact information for FERNDALE FOODS LIMITED can be found on their website, including their registered office address in London. Their website also provides information on their products, sustainability initiatives, and news updates about the company's latest developments. Overall, FERNDALE FOODS LIMITED is a reputable company that prioritizes sustainability and offers a diverse range of high-quality food products.
