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 |
|---|---|---|---|---|---|---|
| 27 Mar 2021 - 24 Sept 2021 | 18 Oct 2021 | 76 | 8% | 27% | 65% | 12% |
| 26 Sept 2020 - 26 Mar 2021 | 26 Apr 2021 | 68 | 10% | 36% | 54% | 9% |
| 27 Mar 2020 - 25 Sept 2020 | 23 Oct 2020 | 68 | 12% | 39% | 49% | 11% |
| 28 Sept 2019 - 27 Mar 2020 | 27 Apr 2020 | 58 | 15% | 52% | 33% | 7% |
| 01 Jul 2019 - 30 Sept 2019 | 28 Oct 2019 | 43 | 24% | 62% | 14% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 07 Oct 2019 | 41 | 25% | 62% | 13% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Jul 2019 | 46 | 17% | 67% | 16% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Jul 2019 | 46 | 15% | 70% | 15% | 2% |
| 01 Jul 2017 - 30 Dec 2017 | 07 Mar 2018 | 46 | 14% | 70% | 16% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are the next electronic transfer payment run following the 90th day of the date of receipt of a valid invoice. https://www.greencore.com/sustainability/our-responsibilities/
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
120
If Freshtime UK Ltd Limited disputes any invoice or part of any invoice issued by the supplier to Freshtime UK Ltd or receives an invoice in respect of any goods which Freshtime UK Ltd believes (acting reasonably) have not been properly provided then: - Freshtime UK Ltd will pay that part of the invoice which is not the Disputed Sum in accordance with the payment terms; - Freshtime UK Ltd will be entitled to withhold payment of the disputed sum; - The parties will negotiate in good faith to resolve the dispute, but if a resolution cannot be reached within ninety (90) days of the start of such negotiations, the matter will be referred to the Courts; - The supplier will provide all such information and evidence as may be reasonably necessary to verify the disputed sum; and - following resolution of the dispute, Freshtime UK Ltd will pay to the Supplier that part of the Disputed Sum (if any) as it is resolved is payable by Freshtime UK Ltd.
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
Freshtime UK Limited is registered as a food product manufacturer, with its registered office at a Greencore site in Worksop. The company forms part of the Greencore Group, a large UK food manufacturing business with multiple manufacturing sites and distribution centres. Its public-facing website content is now dedicated to Greencore's early careers, graduate and apprenticeship programmes rather than describing Freshtime's own separate trading activity. The site confirms that Bakkavor has joined Greencore, creating a larger combined food manufacturing group. As a subsidiary within this group, Freshtime UK Limited's registered activity centres on the manufacture of food products not elsewhere classified, operating as part of Greencore's wider manufacturing and career development structure.
Generated from the company's website and Companies House records. Sources: freshtime.co.uk