ADELIE FOODS LIMITED
Company Details
Registration Number
04272608
Registered Address
C/O Teneo Financial Advisory Limited 156 Great Charles Street Queensway Birmingham West Midlands B3 3HN
Company Status
Active
Employee Count
2358
Turnover
£248,529,000
EBITDA
£-5,660,000
Additional Information
Website
adeliefoods.co.ukCompany Type
Private limited Company
Incorporated on
17 August 2001
Nature of Business (SIC)
10890 - Manufacture of other food products not elsewhere classified
Industries
0
Region
West MidlandsCompany Location
Financial Overview
£815,000
£-16,755,000
Last Reporting Period
Filed
17 Jan 2020
Period
01 Apr 2019 - 28 Sep 2019
Payment Timing
Average Time to Pay
40 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
35%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Apr 2019 - 28 Sep 2019 | 17 Jan 2020 | 40 | 30% | 43% | 27% | 35% |
| 30 Sep 2018 - 30 Mar 2019 | 14 Jun 2019 | 46 | 27% | 36% | 38% | 36% |
| 01 Apr 2018 - 29 Sep 2018 | 14 Jun 2019 | 35 | 27% | 33% | 40% | 43% |
| 01 Oct 2017 - 31 Mar 2018 | 17 May 2018 | 46 | 12% | 47% | 41% | 30% |
Company Summary
ADELIE FOODS LIMITED is a UK-based food manufacturing and distribution company specializing in chilled and frozen food products
The company was founded in 2008 and is headquartered in Milton Keynes, England
The company's main focus is on providing high-quality, sustainable and innovative food products to its customers
They have a strong commitment to sustainability and have implemented various initiatives to reduce their environmental impact
This includes using renewable energy sources, reducing food waste, and incorporating sustainable packaging materials
ADELIE FOODS LIMITED offers a wide range of products including sandwiches, wraps, salads, snacks, and desserts
They also have a range of plant-based and vegan options
The company works closely with their suppliers to source the best quality ingredients, and their products are free from artificial colors, flavors, and preservatives
The key people at ADELIE FOODS LIMITED include the CEO, Martin Johnson, and the Managing Director, Andrew Fletcher
They lead a team of experienced professionals who are dedicated to delivering high-quality products and services to their customers
Customers can contact ADELIE FOODS LIMITED through their website, which also provides information about their products and sustainability efforts
Their registered office address is Unit C, Northfield Road, Milton Keynes, Buckinghamshire, MK15 0DQ
In conclusion, ADELIE FOODS LIMITED is a reputable food company that places a strong emphasis on sustainability and providing high-quality products to their customers
With a dedicated team and a wide range of delicious and sustainable food options, they are a leading force in the UK food industry
Company Review
Trend Analysis
The average time taken for ADELIE FOODS LIMITED to pay invoices has fluctuated between 35 and 46 days over the past three periods. However, there has been a slight decrease in the average time to pay from the second period to the third period.
Volatility Analysis
There is a high level of volatility in the percentage of invoices paid within 30 days, with a difference of 18% between the first and third periods. The percentage of invoices paid later than 60 days has also fluctuated significantly, with a difference of 14% between the first and third periods.
Summary Analysis
From Oct 2017 to Sep 2019, ADELIE FOODS LIMITED has shown improvement in their payment process, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there is still room for improvement as the percentage of invoices paid within the agreed terms is below 50% in all three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company’s standard payment terms are that an invoice is paid a month after the invoice is dated. Significant contracts including food and packaging are subject to specific payment terms as set out within agreed contracts. The maximum contractual payment period is end of month plus 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
n/a
Maximum contractual payment period agreed
90
Dispute Resolution Process
Any dispute about invoice payment that cannot be resolved with the company’s accounts payable team can be escalated to either the relevant sites or the procurement director. If further escalation is required, the Head of Finance and the Group CFO will resolve.
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.
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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?
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