Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Feb 2020 - 31 Jul 2020 | 11 Dec 2020 | 53 | 30% | 30% | 40% | 51% |
| 01 Aug 2019 - 31 Jan 2020 | 11 Dec 2020 | 50 | 29% | 38% | 33% | 38% |
| 01 Feb 2019 - 31 Jul 2019 | 18 Dec 2019 | 44 | 31% | 45% | 25% | 37% |
| 01 Aug 2018 - 31 Jan 2019 | 18 Dec 2019 | 45 | 28% | 50% | 22% | 46% |
| 01 Feb 2018 - 31 Jul 2018 | 01 Sept 2018 | 42 | 35% | 47% | 18% | 41% |
| 01 Aug 2017 - 31 Jan 2018 | 01 Mar 2018 | 55 | 18% | 41% | 41% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Business standard payment terms are 60 days end of month (EOM) from the date of invoice. However, variations to these terms do exist based on agreements with certain suppliers.
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
90
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. Suppliers are required to quote purchase order numbers on all invoices. Invoices are matched to the Purchase Order and Goods Received Note (GRN) prior to posting by accounts payable. Quantities and prices are checked, and all differences relating to quantities, prices and discounts should be fully investigated prior to approving the invoice for payment. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. Any complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers have contact details. The Accounts Payable team will escalate where applicable to the Head of Transactional Services and relevant Head of Department to seek a speedy resolution.
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
Aryzta Bakeries UK Ltd is a Dunstable-based bakery manufacturer, registered under SIC code 10710 for the manufacture of bread and fresh pastry goods and cakes. The company was previously registered as Honeytop Foods Limited and later Honeytop Speciality Foods Limited before adopting its current name. It operates as part of the wider Aryzta bakery group, with its registered office at an industrial unit in Dunstable. Companies House records show it as an active private limited company, incorporated in 1995, with recent changes to its directors and company secretary. No further detail on specific product lines or customers is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk