Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The data for DR. OETKER (UK) LIMITED shows a consistent trend of improving payment times over the past five years. The average time to pay has decreased from 31 days in 2018 to 31 days in 2023. Additionally, the percentage of invoices paid within 30 days has increased from 41% in 2018 to 47% in 2023. This trend indicates that the company is making efforts to pay their suppliers in a timely manner.
There is some volatility in the data, particularly in the percentage of invoices paid within 30 days and between 31 and 60 days. However, overall there is a steady improvement in payment times and adherence to agreed terms.
Looking at the three most recent periods, there has been a slight increase in the average time to pay from 29 days in 2020 to 31 days in 2023. However, there has also been an improvement in the percentage of invoices paid within 30 days, from 51% in 2020 to 47% in 2023. The percentage of invoices paid later than 60 days has also decreased from 5% in 2020 to 3% in 2023. This shows that while there has been a slight increase in the average time to pay, the company is still making efforts to pay their suppliers within a reasonable timeframe.
| 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 35 | 39% | 54% | 7% | 14% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 36 | 32% | 61% | 7% | 11% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Feb 2025 | 35 | 34% | 60% | 6% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 04 Sept 2024 | 36 | 32% | 64% | 4% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 31 | 47% | 50% | 3% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Jul 2023 | 34 | 37% | 59% | 4% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 33 | 39% | 57% | 4% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 06 Jul 2022 | 31 | 43% | 53% | 4% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 35 | 40% | 53% | 7% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 30 | 54% | 43% | 3% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 29 | 51% | 46% | 3% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 29 | 52% | 44% | 4% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 29 | 51% | 44% | 5% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 34 | 38% | 52% | 10% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 30 | 45% | 49% | 6% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Jul 2018 | 31 | 41% | 54% | 5% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
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
61
Claims for any disputed invoices are raised with the supplier detailing if the query relates to a quantity discrepancy or a price query. This is submitted to the supplier along with the supporting evidence from the buyers or the warehouse. The invoice is typically placed on hold until a credit is received to clear the claim.
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
DR. OETKER (UK) LIMITED is an active private limited company, incorporated on 25 September 2001, based in the Yorkshire and The Humber region. Registered business activity: Manufacture of prepared meals and dishes; Agents involved in the sale of food, beverages and tobacco; Non-specialised wholesale of food, beverages and tobacco.
From Companies House records.