PORK FARMS LIMITED

PaymentCheck Score 2023
21Very Poor
1.0vs last year
#5173 in UK
#268 in Distribution And Delivery
#250 in East Midlands

Company Information

Company Number
05998346
Registered Address
Tottle Bakery, Queens Drive, Nottingham, NG2 1LU
Status
Active
Employee Count
1,585
Turnover
£270,956,000
EBITDA
£24,556,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 November 2006
Nature of Business
10890 - Manufacture of other food products not elsewhere classified
Industries
Distribution And Delivery, Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
East Midlands

Time to Pay

Average Time to Pay
64 days
Shortest Period:14 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
3%
31-60 Days
52%
After 60 Days
45%
Not Paid Within Terms85%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-11-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
26 Mar 2023 - 25 Sept 202323 Nov 2023643%52%45%85%
25 Sept 2022 - 25 Mar 202323 Nov 2023583%55%42%85%
27 Mar 2022 - 24 Sept 202223 Nov 2023614%56%40%83%
26 Sept 2021 - 26 Mar 202223 Nov 2023624%54%42%95%
28 Mar 2021 - 27 Sept 202127 Oct 2021603%56%41%96%
29 Sept 2020 - 27 Mar 202126 Apr 2021575%57%38%90%
31 Mar 2019 - 29 Sept 201921 Nov 2019565%54%41%96%
01 Apr 2018 - 30 Sept 201830 Oct 2018545%59%36%97%

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 payment terms are 90 days from date of invoice. Certain suppliers are paid to shorter terms, e.g. contractors are paid 14 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

90

Dispute Resolution Process

We work with suppliers to resolve any disputes. Disputes are dealt with by the Accounts Payable or Procurement teams and escalated as required.

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.

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.

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.

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?

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

PORK FARMS LIMITED is a leading food manufacturing company in the UK, specializing in pork-based products. The company has been in operation since 1932 and is headquartered in Nottingham, England.

Sustainability is a key focus for PORK FARMS LIMITED, and the company has implemented various initiatives to reduce its environmental impact. This includes investing in energy-efficient technologies, reducing waste and packaging, and sourcing ingredients from sustainable suppliers.

PORK FARMS LIMITED offers a wide range of products, including pork pies, sausage rolls, and cooked meats. The company is committed to using high-quality, locally sourced ingredients in its products, and all of its pork is sourced from British farms.

The key people at PORK FARMS LIMITED include CEO Andy Smith and Managing Director Kim Burgess. They lead a team of over 2,000 employees who are dedicated to delivering high-quality products to customers.

For more information about PORK FARMS LIMITED and its products, customers can visit the company's website at www.porkfarms.co.uk. The registered office address for the company is Bedeck House, Clovelly Road, Nottingham, NG5 1BS, United Kingdom.

Overall, PORK FARMS LIMITED is a trusted and sustainable food company that continues to provide delicious pork-based products to its customers while also prioritizing environmental responsibility.

Financial Metrics

Cash
£1,606,000
Net Worth
-£11,197,000
Total Current Assets
£25,468,000
Total Current Liabilities
£45,125,000

Company Location