Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 84.4/100 qualifies for PaymentCheck Certification
The trend for ANGLO BEEF PROCESSORS UK shows a steady decrease in the average time taken to pay invoices, with a slight increase in the latest period. The percentage of invoices paid within 30 days has also increased consistently over the periods, while there has been a slight decrease in the percentage of invoices paid between 31 and 60 days. The percentage of invoices paid later than 60 days has remained relatively consistent.
The data for ANGLO BEEF PROCESSORS UK shows low volatility, with small changes in the average time to pay and the percentage of invoices paid within 30 days. There has been a slight increase in the percentage of invoices paid between 31 and 60 days and a slight decrease in the percentage of invoices paid later than 60 days.
From April 2018 to October 2021, ANGLO BEEF PROCESSORS UK has consistently decreased its average time to pay invoices, from 23 days to 18 days. The percentage of invoices paid within 30 days has also consistently increased from 67% to 78%. The worst period for late payments was in October 2018 to March 2019, where 22% of invoices were not paid within agreed terms. However, this has since improved, with only 17% of invoices not paid within agreed terms in April 2021 to October 2021.
| 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 |
|---|---|---|---|---|---|---|
| 05 Oct 2021 - 03 Apr 2022 | 19 Aug 2022 | 18 | 78% | 20% | 2% | 27% |
| 05 Apr 2021 - 04 Oct 2021 | 18 Nov 2021 | 20 | 74% | 24% | 2% | 17% |
| 30 Sept 2020 - 04 Apr 2021 | 18 May 2021 | 20 | 74% | 25% | 2% | 21% |
| 30 Mar 2020 - 29 Sept 2020 | 13 Nov 2020 | 19 | 75% | 23% | 2% | 19% |
| 01 Oct 2019 - 29 Mar 2020 | 20 May 2020 | 19 | 76% | 22% | 2% | 21% |
| 01 Apr 2019 - 30 Sept 2019 | 17 Dec 2019 | 19 | 75% | 24% | 1% | 17% |
| 01 Oct 2018 - 31 Mar 2019 | 17 Dec 2019 | 20 | 73% | 25% | 2% | 22% |
| 02 Apr 2018 - 01 Oct 2018 | 05 Nov 2018 | 23 | 67% | 31% | 2% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of purchases are from farmers and cheques can be made available on the day of process for payment. Other purchases are paid end of month after the date of invoice as standard.
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
Disputes are managed by the sites and disputed invoices are notified to the supplier, these are dealt with in a timely, controlled, professional and supportive manner. Any resolved items are then reprocessed.
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
Anglo Beef Processors UK is a private unlimited company registered in England, incorporated in 1994. It was originally registered as Panalot Limited before adopting the name Anglo Beef Processors, and later changed to its current name, Anglo Beef Processors UK. Its registered activity, per Companies House, is processing and preserving of meat, placing it within the meat and food supply sector. The company's registered office is in Shropshire. No further first-party description of its operations, products or trading activities was found in the available evidence beyond its official business classification and corporate history.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk