PARK CAKES LIMITED
Company Information
- Company Number
- 05998327
- Registered Address
- Ashton Road, Oldham, Lancashire, OL8 2ND
- Status
- Active
- Employee Count
- 1,941
- Turnover
- £249,443,000
- EBITDA
- £11,834,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 November 2006
- Nature of Business
- 10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
- Industries
- Food And Drink, Supply Chain, Manufacturing And Commerce Models
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
PARK CAKES LIMITED exhibits a strong trend towards delayed payments, with an average payment time of 46 days significantly exceeding typical 30-day terms. A substantial majority of payments, 69%, fall into the 31-60 days or over 60 days categories, indicating a consistent pattern of extended payment cycles. This trajectory suggests that suppliers should anticipate payments taking well beyond standard immediate terms.
Volatility Analysis
The payment data reveals significant unreliability, as a high 88% of payments are classified as late. This high late payment percentage indicates low predictability regarding when a payment will actually be received relative to its due date. Suppliers face a considerable risk of cash flow disruption due to this consistent and high degree of payment inconsistency.
Summary Analysis
Given the consistent trend of delayed payments and high volatility (88% late), suppliers should approach transactions with PARK CAKES LIMITED cautiously. It is advisable to factor in longer payment cycles (at least 45-60 days) and consider negotiating stricter payment terms or upfront deposits to mitigate cash flow risks. Close monitoring of invoices and proactive communication will be crucial to manage potential payment delays.
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 |
|---|---|---|---|---|---|---|
| 31 Mar 2019 - 28 Sept 2019 | 07 Nov 2019 | 46 | 31% | 32% | 37% | 88% |
| 30 Sept 2018 - 30 Mar 2019 | 30 Apr 2019 | 55 | 18% | 32% | 50% | 89% |
| 01 Apr 2018 - 29 Sept 2018 | 30 Oct 2018 | 58 | 16% | 30% | 54% | 92% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard Contract Payment Terms are 60 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
75
Dispute Resolution Process
The process is to contact Park Cakes Account Payable for any disputed payments. The escalation process for suppliers is to contact the Procurement team if no resolution can be found with accounts payable.
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?
No information available
Company Summary
PARK CAKES LIMITED is a private limited company that specialises in the production and sale of cakes. The company's business activities are centred around the cake industry.
The company was incorporated on 14 November 2006 under company number 05998327 and is currently active. Its registered office is located at Ashton Road, Oldham, Lancashire, OL8 2ND, placing its operations within the North West region of the UK.
In the UK market, companies specialising in cakes typically offer a wide range of baked goods, including celebration cakes, individual portions, and confectionery items. These businesses often supply to both retail customers and wholesale clients, providing products for various events and daily consumption.
