The average time to pay for ZORBA DELICACIES LIMITED has decreased from 35 days in the first period to 24 days in the latest period, indicating a trend towards faster payment. The percentage of invoices paid within 30 days has increased from 42% to 64%, while the percentage of invoices paid later than 60 days has decreased from 4% to 0%. This shows a positive trend towards early payment and a decrease in late payments.
There is some volatility in ZORBA DELICACIES LIMITED's payment behavior, with changes in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a consistent trend towards faster payment and a decrease in late payments.
| 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 2018 - 31 Mar 2019 | 23 Sept 2019 | 24 | 64% | 36% | 0% | 83% |
| 01 Apr 2018 - 29 Sept 2018 | 14 Nov 2018 | 35 | 41% | 55% | 4% | 83% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 35 | 42% | 54% | 4% | 85% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
our standard terms are 45 days however most of the vendors are actually on 30 day terms (115 vendors (32%), with 65 vendors (18%) on 45 days terms)
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 should be raised with accounts payable in the first instance. If the matter can not be resolved it will be referred to the purchasing team for further investigation. The dispute will be escalated to the Head of finance where necessary, and company lawyers if it can still not be resolved.
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
Zorba Delicacies Limited, registered under this name at Companies House, traded as Zorba Foods and is now part of the Compleat Food Group. Its own site confirms the brand continues producing dips, sauces, soups and meal pots, and describes it as a leading UK supplier of pre-packed chilled olives and antipasti, alongside continental meats sourced from production partners across Europe for the retail and foodservice sectors. The company also supplies Mediterranean-style products such as Spanish omelette, dips and houmous. As part of the wider Compleat Food Group, the entity operates within a group that manufactures a broader range of chilled and ambient food products, though these wider group brands and operations are distinct from this specific registered company.
Generated from the company's website and Companies House records. Sources: zorbafoods.co.uk