The data for MARS FOOD UK LIMITED shows a consistent trend of improving payment times over the past three periods. From 2018-2019, the average time to pay decreased by 16%, from 73 to 57 days. This trend continued into 2020, with a further decrease of 3%, and then stabilizing in 2021 and 2022. This shows a consistent effort from the company to make payments to suppliers in a timely manner.
The data for MARS FOOD UK LIMITED also shows a decreasing volatility in payment times. The percentage of invoices paid within 30 days has consistently increased over the past three periods, while the percentage of invoices paid later than 60 days has consistently decreased. This indicates that the company has been able to maintain more consistent payment times, with a smaller range of variation.
| 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 |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 54 | 34% | 15% | 51% | 51% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 54 | 31% | 49% | 20% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 09 Feb 2022 | 56 | 32% | 46% | 22% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 53 | 32% | 46% | 22% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Mar 2021 | 54 | 34% | 45% | 21% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 53 | 31% | 48% | 21% | 9% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 58 | 28% | 48% | 24% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 57 | 31% | 47% | 22% | 11% |
| 01 Jul 2018 - 30 Dec 2018 | 25 Jan 2019 | 57 | 27% | 48% | 25% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 73 | 19% | 49% | 32% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
N/A
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
120
Suppliers are instructed to contact Genpact Helpdesk Team who provides services to Mars at mars.aphelpdesk.uk@effem.com. Helpdesk Team will aim to resolve any dispute within 2-5 working days
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
MARS FOOD UK LIMITED is a leading food company that operates in the United Kingdom. The company is committed to sustainability and offers a range of products and services that promote responsible consumption and production.
Their sustainability program focuses on three key areas: sourcing, operations, and communities. They work closely with their suppliers to ensure that their ingredients are sustainably sourced, and they have set a goal to source 100% of their rice, cocoa, and palm oil from certified sustainable sources by 2020. In their operations, they have implemented energy and water efficiency measures and have reduced their greenhouse gas emissions by 25% since 2007. They also support local communities by providing training and education programs, as well as donating food to those in need.
MARS FOOD UK LIMITED offers a variety of popular food brands, such as Uncle Ben's, Dolmio, and Seeds of Change. These products are made with high-quality ingredients and are produced in a sustainable manner. They also offer a range of recipes and meal ideas on their website, encouraging consumers to cook at home and reduce food waste.
The company is led by President Fiona Dawson, who is committed to driving sustainable growth and making a positive impact on society. They can be contacted through their website, which also provides information on their sustainability initiatives and ways to get involved.
The registered office address for MARS FOOD UK LIMITED is 3D Dundee Road, Slough, Berkshire, SL1 4LG. Their website address is https://www.marsfood.com/uk/. Overall, MARS FOOD UK LIMITED is dedicated to promoting sustainability and providing high-quality food products to their customers.
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