NATURES WAY FOODS LIMITED
Company Information
- Company Number
- 02896421
- Registered Address
- Park Farm, Chichester Road, Selsey, West Sussex, PO20 9HP
- Status
- Active
- Employee Count
- 1,254
- Turnover
- £247,811,000
- EBITDA
- £18,010,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 February 1994
- Nature of Business
- 10390 - Other processing and preserving of fruit and vegetables
- Industries
- Food And Drink
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 |
|---|---|---|---|---|---|---|
| 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% |
| 31 Mar 2019 - 29 Sept 2019 | 21 Oct 2019 | 38 | 25% | 75% | 0% | 52% |
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
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
Dispute Resolution Process
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
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
Natures Way Foods Limited is a British food manufacturing company that specializes in producing fresh, natural and sustainably sourced products. The company was founded in 1994 and has its headquarters in Chichester, West Sussex.
Sustainability is at the core of Natures Way Foods' operations, and the company has implemented various initiatives to reduce its environmental impact. These include using renewable energy sources, reducing waste and promoting sustainable farming practices among its suppliers.
The company's main product line includes prepared salads, fresh fruit, and vegetable products. These are made using locally sourced produce, and the company has a strict policy of only working with suppliers who adhere to sustainable and ethical practices.
Natures Way Foods Limited is led by an experienced management team, including CEO Susan Barratt and CFO Ruth Simpson. The company's website provides contact information for its corporate office and customer service department, as well as a list of key team members.
In addition to its focus on sustainability, Natures Way Foods is committed to providing high-quality, healthy products to its customers. The company's website features a range of recipes and meal ideas using their products, promoting a balanced and nutritious diet.
The registered office address for Natures Way Foods Limited is Selsey Road, Donnington, Chichester, West Sussex, PO20 7DU. Their website, www.natureswayfoods.com, provides more information about their products, sustainability efforts, and contact details.
