The trend for 2 SISTERS FISH LIMITED's average time to pay invoices has been fluctuating over the past three periods. In the first period, from Aug 2017 to Jan 2018, the average time to pay was 49 days. This decreased to 43 days in the second period, from Feb 2018 to Jul 2018. However, in the third period, from Aug 2018 to Jan 2019, the average time to pay increased to 46 days. The trend then shows a significant decrease in the fourth period, from Feb 2019 to Jul 2019, with an average time to pay of only 25 days. There is no data available for the remaining periods.
The volatility of 2 SISTERS FISH LIMITED's average time to pay invoices can be seen in the fluctuation of the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. In the first period, only 32% of invoices were paid within 30 days, while 37% were paid between 31 and 60 days, and a high 31% were paid later than 60 days. This improved in the second period, with 46% of invoices paid within 30 days, 27% between 31 and 60 days, and 27% later than 60 days. However, in the third period, there was a significant decrease in the percentage of invoices paid within 30 days, down to 45%, while the percentage paid between 31 and 60 days increased to 20%, and later than 60 days increased to 36%. The fourth period showed a significant improvement, with 69% of invoices paid within 30 days, 24% between 31 and 60 days, and only 7% paid later than 60 days.
| 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 Feb 2021 - 31 Jul 2021 | 31 Aug 2021 | |||||
| 01 Aug 2020 - 31 Jan 2021 | 01 Mar 2021 | |||||
| 01 Feb 2020 - 31 Jul 2020 | 24 Sept 2020 | |||||
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | |||||
| 01 Feb 2019 - 31 Jul 2019 | 22 Aug 2019 | 25 | 69% | 24% | 7% | 59% |
| 01 Aug 2018 - 31 Jan 2019 | 25 Feb 2019 | 46 | 45% | 20% | 36% | 49% |
| 01 Feb 2018 - 31 Jul 2018 | 29 Aug 2018 | 43 | 46% | 27% | 27% | 59% |
| 01 Aug 2017 - 31 Jan 2018 | 27 Feb 2018 | 49 | 32% | 37% | 31% | 77% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We shall pay the price of the goods and the services on our first working day following the end of the third month following receipt of a correctly constituted VAT invoice or, if later, upon our acceptance of the goods or services in question.
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
Invoices are matched on receipt and disputed invoices notified to the supplier. Disputes are managed directly between the supplier and site and resolved items are then reprocessed.
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
Five Star Fish Limited processes and preserves fish, crustaceans and molluscs at a purpose-built food factory on the Great Grimsby Business Park. The site includes a coldstore with capacity for 5,000 pallets, a production facility of around 2,000 square metres, dry store and amenity space, and offices, spread across a four acre site. The company was previously owned by British Seafood Processing Group Limited before being sold following that group's administration, and is now part of Boparan Holdings Ltd, forming part of a wider poultry and food group. Its core activity remains fish processing using modern production methods and technology, supplying processed fish products from its Grimsby-based facility.
Generated from the company's website and Companies House records. Sources: seafood.media