SAYERS THE BAKERS LIMITED

Company Information

Company Number
06582290
Registered Address
11th Floor Landmark St Peter's Square, 1 Oxford St, Manchester, M1 4PB
Status
Dissolved
Employee Count
1,553
Turnover
£48,034,000
EBITDA
£226,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 May 2008
Nature of Business
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
47240 - Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores
47290 - Other retail sale of food in specialised stores
Industries
Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
North West

Time to Pay

Average Time to Pay
23 days
Shortest Period:14 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
87%
31-60 Days
11%
After 60 Days
2%
Not Paid Within Terms7%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-10-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2019 - 30 Sept 201924 Oct 20192387%11%2%7%

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

Sayers The Bakers does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. Overdue invoices are mostly ones which had been under query.

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

45

Dispute Resolution Process

Disputes are resolved by contacting in the first case informally and then formally the relevant parties including accounts payable/credit control teams, procurement and sales teams to allow them the opportunity to resolve within an acceptable time period. If they are not resolved the supplier must then write to the Finance Director setting out details of their unresolved despute asking for a resolution. These will be formally investigated within a 28 day period.

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

Sayers The Bakers Limited is a British bakery company that was founded in 1912. The company specializes in producing and selling a variety of baked goods, including bread, pastries, cakes, and sandwiches. They have a strong commitment to sustainability and have implemented various initiatives to reduce their environmental impact.

One of the key sustainability programs at Sayers The Bakers Limited is their waste reduction effort. The company has implemented a comprehensive recycling and waste management system, which has significantly reduced the amount of waste sent to landfills. They also work closely with their suppliers to source sustainable and ethically produced ingredients.

In terms of products and services, Sayers The Bakers Limited offers a wide range of freshly baked goods. Their bread is made using traditional methods and is free from additives and preservatives. They also offer a variety of vegan and vegetarian options, catering to the growing demand for plant-based products.

The company is led by a team of experienced and dedicated individuals, including Managing Director, Mike Hollis. They are committed to maintaining the company's high standards and upholding their reputation for quality products.

For customers interested in learning more about Sayers The Bakers Limited, they can visit their website at www.sayersfood.com. The company's registered office address is located at 24a Liverpool Road, Birkdale, Southport PR8 4AY. Overall, Sayers The Bakers Limited is a well-established and sustainable bakery company that is dedicated to providing delicious, high-quality products to their customers.

Financial Metrics

Cash
£1,097,000
Net Worth
-£424,000
Total Current Assets
£3,594,000
Total Current Liabilities
£6,329,000

Company Location