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.
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.
| 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% |
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?
Standard payment terms increased from 45 days to 60 days
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Disputes are resolved by escalating issues from the company's finance team to the Group's Head of Procurement. Concerns will be reviewed within 10 working days and discussed with the relevant supplier and resolution achieved.
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
Ferndale Foods Limited is a Welsh registered company classified under manufacture of prepared meals and dishes. It was originally incorporated as Adjusthappy Limited in 1992 before adopting its current name. Companies House records show it operating from a site described as a Gastro Hub in Wrexham, consistent with food manufacturing operations. The company is controlled by Oscar Mayer Limited, which holds 75% or more of its shares and voting rights and can appoint or remove directors, indicating Ferndale Foods forms part of a wider corporate group within the food processing sector rather than being an independent standalone business. No further detail on specific products is confirmed in the available evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk