Industry ranking
| 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 |
|---|---|---|---|---|---|---|
| 01 Oct 2022 - 31 Mar 2023 | 20 Jun 2023 | 35 | 38% | 56% | 6% | 57% |
| 27 Sept 2021 - 26 Mar 2022 | 07 Jun 2022 | 31 | 48% | 50% | 2% | 61% |
| 27 Mar 2021 - 26 Sept 2021 | 28 Oct 2021 | 30 | 52% | 46% | 2% | 59% |
| 30 Sept 2020 - 26 Mar 2021 | 08 Apr 2021 | 27 | 60% | 39% | 1% | 60% |
| 31 Mar 2020 - 29 Sept 2020 | 15 Oct 2020 | 32 | 47% | 50% | 3% | 60% |
| 30 Sept 2019 - 29 Mar 2020 | 24 Apr 2020 | 35 | 32% | 67% | 1% | 54% |
| 31 Mar 2019 - 29 Sept 2019 | 21 Oct 2019 | 38 | 25% | 75% | 0% | 52% |
| 30 Sept 2018 - 30 Mar 2019 | 24 Apr 2019 | 40 | 23% | 76% | 1% | 52% |
| 31 Mar 2018 - 29 Sept 2018 | 26 Oct 2018 | 39 | 23% | 76% | 1% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our company policy is 60 days payment terms however these are agreed on a case-by-case basis with the supplier .
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
We contact the supplier, either in writing or verbally, updating them on any differences between the invoice and purchase order which prevents us from processing their invoice in a timely manner. Once all parties are happy with the resolution, the invoice is processed onto our accounting software for payment
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
Natures Way Foods Limited is a UK registered company based in Selsey, West Sussex, incorporated in February 1994. Companies House records its nature of business under the SIC code for other processing and preserving of fruit and vegetables, indicating the company operates in fruit and vegetable processing. The company's own website domain is currently parked and provides no further detail on its operations, products or trading activity. The company remains listed as active on the register. No additional first-party or independent evidence was available to describe specific products, customers or operational scale beyond this classification.
Generated from the company's website and Companies House records.