The trend for FIELDROSE LIMITED shows an increase in the average time taken to pay invoices from October 2017 to March 2019. The percentage of invoices paid within 30 days also decreased over this period, while the percentage of invoices paid between 31 and 60 days and later than 60 days increased. The percentage of invoices not paid within agreed terms also increased.
The volatility for FIELDROSE LIMITED is relatively stable with minor fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, there is a notable increase in the percentage of invoices paid between 31 and 60 days and later than 60 days in the second and third periods.
FIELDROSE LIMITED has seen an increase in the average time taken to pay invoices over the past three periods, with the most recent period (October 2018 to March 2019) showing the highest average of 42.5 days. The percentage of invoices paid within 30 days has also decreased over this time, with the third period showing only 40% of invoices paid within this timeframe. The highest percentage of invoices paid between 31 and 60 days was seen in the third period, at 57%, while the highest percentage of invoices paid later than 60 days was seen in the second period at 4%. The percentage of invoices not paid within agreed terms has also increased over the three periods, with the third period showing 43% of invoices not paid within the agreed terms. The shortest (or only) standard payment period for FIELDROSE LIMITED has remained consistent at 30 days over the three periods.
| 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 |
|---|---|---|---|---|---|---|
| 02 Oct 2017 - 01 Apr 2018 | 30 Apr 2018 | 30 | 54% | 44% | 2% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days from receipt of invoice. However, some suppliers insist on immediate payment.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
A member of our team will get in touch with the relevant party as soon as the dispute arises. We then look to resolve the dispute as soon as possible in order to make payments on time and maintain the working relationship with the supplier.
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
Fieldrose Limited is registered at the Sheffield head office of QFM Group and is classified under unlicensed restaurants and cafes. QFM Group, described on its own website as a family founded business, operates quick service restaurants in the UK under franchise partnerships with KFC and Taco Bell, employing around 700 people across 26 restaurants. The group's central support teams in Sheffield manage standards, strategy and logistics for its restaurant network. Fieldrose Limited is one of the companies within this QFM Group structure, contributing to the wider group's restaurant operations rather than being described separately in the available evidence as running a distinct trading activity of its own.
Generated from the company's website and Companies House records. Sources: qfm-group.com · qfm-group.com · qfm-group.com