CREATE FOOD LIMITED

PaymentCheck Score 2020
9Very Poor
New Entry
#5120 in UK
#291 in Lifestyle And Entertainment
#874 in South East

Company Information

Company Number
02857354
Registered Address
550 Thames Valley Park Drive, Reading, England, RG6 1PT
Status
Active
Employee Count
0
Turnover
£0
EBITDA
£151,725

Additional Details

Company Type
Private limited Company
Incorporated On
28 September 1993
Nature of Business
56210 - Event catering activities
Industries
Lifestyle And Entertainment
Region
South East

Time to Pay

Average Time to Pay
59 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
19%
31-60 Days
46%
After 60 Days
35%
Not Paid Within Terms95%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Jul 202026 May 202113913%11%76%91%

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 are 60 days end of month

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

60

Dispute Resolution Process

Accounts payable operate a shared mailbox that is used by suppliers for comments and queries. Also this can be escalated via the procurement team

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.

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.

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

CREATE FOOD LIMITED is a British food manufacturing company that specializes in producing high-quality, sustainable food products. The company was established in 1996 and is headquartered in London, UK.

The company's sustainability program is a key aspect of their operations, with a focus on reducing their environmental impact and promoting ethical and responsible practices. They have implemented various initiatives such as reducing food waste, using renewable energy sources, and sourcing ingredients from local and sustainable suppliers.

CREATE FOOD LIMITED offers a wide range of products and services, including ready-made meals, fresh produce, and bespoke catering services for events and functions. They also have a strong commitment to using natural and organic ingredients in their products, ensuring the highest quality and taste.

The key people behind CREATE FOOD LIMITED are its founders, Rupert and Jo Farley, who have a passion for sustainable and ethically-sourced food. They are supported by a team of experienced chefs, food technologists, and sustainability experts.

The company can be contacted through their website, where customers can browse their products and services, as well as place orders for catering services. Their registered office address is located at 1-2 The Crescent, Surbiton, Surrey KT6 4BN, UK.

In summary, CREATE FOOD LIMITED is a leading British food manufacturing company that prioritizes sustainability in all aspects of its operations. With a focus on high-quality, ethically-sourced products and services, the company has established itself as a trusted brand in the food industry.

Financial Metrics

Cash
£9,997
Net Worth
-£54,761
Total Current Assets
£12,781
Total Current Liabilities
£515,458

Company Location