Registration Number
05998346
Registered Address
Tottle Bakery Queens Drive Nottingham NG2 1LU
Company Status
Active
Employee Count
1635
Turnover
£249,888,000
EBITDA
£11,460,000
Website
toogoodtobe.co.uk/Company Type
Private limited Company
Incorporated on
14 November 2006
Nature of Business (SIC)
10890 - Manufacture of other food products not elsewhere classified
Industries
0
Region
East Midlands£1,606,000
£-11,197,000
Filed
23 Nov 2023
Period
26 Mar 2023 - 25 Sep 2023
Average Time to Pay
64 days
Payment Periods
Shortest
14 days
Longest
0 days
Max Contractual
90 days
Not Paid Within Terms
85%
| 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 |
|---|---|---|---|---|---|---|
| 26 Mar 2023 - 25 Sep 2023 | 23 Nov 2023 | 64 | 3% | 52% | 45% | 85% |
| 25 Sep 2022 - 25 Mar 2023 | 23 Nov 2023 | 58 | 3% | 55% | 42% | 85% |
| 27 Mar 2022 - 24 Sep 2022 | 23 Nov 2023 | 61 | 4% | 56% | 40% | 83% |
| 26 Sep 2021 - 26 Mar 2022 | 23 Nov 2023 | 62 | 4% | 54% | 42% | 95% |
| 28 Mar 2021 - 27 Sep 2021 | 27 Oct 2021 | 60 | 3% | 56% | 41% | 96% |
| 29 Sep 2020 - 27 Mar 2021 | 26 Apr 2021 | 57 | 5% | 57% | 38% | 90% |
| 29 Mar 2020 - 28 Sep 2020 | 21 Oct 2020 | 57 | 5% | 56% | 39% | 96% |
| 30 Sep 2019 - 28 Mar 2020 | 24 Apr 2020 | 56 | 5% | 57% | 38% | 94% |
| 31 Mar 2019 - 29 Sep 2019 | 21 Nov 2019 | 56 | 5% | 54% | 41% | 96% |
| 01 Oct 2018 - 30 Mar 2019 | 26 Apr 2019 | 55 | 6% | 57% | 37% | 96% |
| 01 Apr 2018 - 30 Sep 2018 | 30 Oct 2018 | 54 | 5% | 59% | 36% | 97% |
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
The average time taken for PORK FARMS LIMITED to pay invoices has increased from 54 days in Apr 2018 to 62 days in Mar 2022. This is a steady increase of 8 days over the past three years.
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 3-6% over the past three years. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 36% in Apr 2018 to 45% in Mar 2023.
In the last three periods, from Mar 2021 to Mar 2023, there has been a slight increase in the average time taken for PORK FARMS LIMITED to pay invoices, from 57 to 64 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in Mar 2023, reaching 45%. The best period for PORK FARMS LIMITED was in Mar 2021, with only 38% of invoices paid later than 60 days. The shortest (or only) standard payment period has remained consistent at 14 days throughout the past three years.
This information is as reported by the business, and responses are in their own words.
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
We work with suppliers to resolve any disputes. Disputes are dealt with by the Accounts Payable or Procurement teams and escalated as required.
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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