Score of 84.4/100 qualifies for PaymentCheck Certification
The average time taken for G'S FRESH LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2018-2019, followed by an increase in 2019-2020, and a decrease again in 2020-2021.
The company's average time to pay has been relatively stable, with only a slight increase in volatility in 2019-2020 compared to the previous periods.
In the most recent period (2021-2022), G'S FRESH LIMITED has shown a significant improvement in paying invoices within 30 days, with a 80% payment rate. This is a 22% increase from the previous period (2020-2021).
| 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 |
|---|---|---|---|---|---|---|
| 07 Nov 2021 - 07 May 2022 | 26 Jul 2022 | 24 | 80% | 18% | 2% | 19% |
| 09 May 2021 - 06 Nov 2021 | 07 Dec 2021 | 30 | 58% | 38% | 4% | 22% |
| 01 Nov 2020 - 08 May 2021 | 24 May 2021 | 29 | 54% | 41% | 5% | 28% |
| 03 May 2020 - 31 Oct 2020 | 19 Nov 2020 | 32 | 42% | 54% | 5% | 36% |
| 03 Nov 2019 - 02 May 2020 | 29 May 2020 | 34 | 46% | 49% | 5% | 38% |
| 05 May 2019 - 02 Nov 2019 | 11 Dec 2019 | 31 | 50% | 47% | 3% | 34% |
| 04 Nov 2018 - 04 May 2019 | 07 Aug 2019 | 32 | 57% | 35% | 8% | 33% |
| 06 May 2018 - 03 Nov 2018 | 21 Dec 2018 | 27 | 56% | 40% | 4% | 26% |
| 05 Nov 2017 - 05 May 2018 | 19 Jul 2018 | 27 | 63% | 32% | 5% | 24% |
| 07 May 2017 - 04 Nov 2017 | 25 Jan 2018 | 28 | 67% | 30% | 3% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
28 Days
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
If there is a dispute on an invoice this is queried usually through Purchase Ledger which is then passed onto the relevant department to resolve.
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
G's Fresh Limited, trading as G's, is a vertically integrated fresh produce business based at Barway near Ely, Cambridgeshire, with origins dating to 1952. It manages growing, production and marketing of salads, vegetables and added value produce, sourced from farms in the UK, Poland, Czech Republic and Spain, plus Senegal during winter. Produce is supplied mainly under retailer own-label brands, as well as recognised brands, to major retailers across the UK, Europe and North America. The wider group includes an independent growers' organisation and chilled foods facilities in the Czech Republic and Spain producing prepared salads and snack products. The company describes itself as family-owned and part of a wider grower-to-marketing organisation.
Generated from the company's website and Companies House records. Sources: gs-fresh.com · gs-fresh.com