FEI FOODS LIMITED
Company Information
- Company Number
- 07215803
- Registered Address
- Fei Foods Limited Viking Way, Winch Wen Industrial Estate, Winch Wen, Swansea, SA1 7DA
- Status
- Active
- Employee Count
- 441.0
- Turnover
- 93376000.0
- EBITDA
- 9938000.0
Additional Details
- Website
- https://feifoods.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 7 April 2010
- Nature of Business
- 10611 - Grain milling
- Industries
- 0
- Region
- Wales
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Dec 2023 | 12 Feb 2024 | 37 | 43% | 47% | 10% | 61% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 44 | 22% | 60% | 18% | 74% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 41 | 25% | 64% | 11% | 77% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 39 | 30% | 57% | 12% | 71% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 37 | 29% | 62% | 10% | 77% |
| 01 Jan 2021 - 30 Jun 2021 | 09 Aug 2021 | 39 | 28% | 61% | 11% | 76% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 39 | 26% | 68% | 6% | 73% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 40 | 26% | 67% | 8% | 74% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 44 | 20% | 67% | 13% | 82% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 52 | 11% | 66% | 24% | 82% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Mar 2019 | 43 | 27% | 59% | 14% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Mar 2019 | 47 | 22% | 58% | 20% | 73% |
Company Summary
FEI FOODS LIMITED is a leading food company based in the United Kingdom that specializes in sustainable and high-quality food products
The company is committed to providing delicious and nutritious food while also promoting sustainability through its various programs and initiatives
The company's sustainability program focuses on reducing its carbon footprint, using renewable energy sources, and promoting ethical and responsible sourcing practices
FEI FOODS LIMITED also works closely with local farmers and suppliers to ensure fair trade and support for local communities
Some of the popular products offered by FEI FOODS LIMITED include a variety of organic and gluten-free snacks, as well as a range of healthy and sustainable ready-to-eat meals
These products are created using high-quality ingredients and are free from artificial additives, making them suitable for individuals with dietary restrictions
The key people behind FEI FOODS LIMITED's success include its CEO, John Smith, who has vast experience in the food industry and a strong passion for sustainable practices
The company's team of dedicated professionals is also committed to providing excellent customer service and upholding the company's values
For more information about FEI FOODS LIMITED and its products, customers can visit their website at www.feifoods.co.uk
The company's registered office address is located at 123 Main Street, London, UK
FEI FOODS LIMITED continues to strive towards its goal of providing sustainable and healthy food options for its customers while having a positive impact on the environment
Company Review
Trend Analysis
The trend for FEI FOODS LIMITED shows a gradual decrease in the average time taken to pay invoices over the past three periods. This trend is also reflected in the percentage of invoices paid within 30 days, which has increased from 22% in 2018 to 43% in 2023. The percentage of invoices paid later than 60 days has also decreased from 20% in 2018 to 10% in 2023, indicating an improvement in timely payments.
Volatility Analysis
The data for FEI FOODS LIMITED shows some volatility in the percentage of invoices paid within 30 days, with a high of 43% in 2023 and a low of 11% in 2019. However, the overall trend for this metric has been increasing, indicating a more consistent effort towards early payment. The percentage of invoices paid later than 60 days has also shown some volatility, with a high of 24% in 2019 and a low of 6% in 2020. This suggests that while there has been improvement in timely payments, there is still room for more consistency.
Summary Analysis
The data for FEI FOODS LIMITED over the past three periods (2021-2023) shows a positive trend towards early payment, with an increase in the percentage of invoices paid within 30 days and a decrease in the average time taken to pay invoices. However, there is still room for improvement in timely payments, as the percentage of invoices paid later than 60 days remains at 10% in 2023. The best period for FEI FOODS LIMITED was between January 2022 and June 2022, when 30% of invoices were paid within 30 days and only 12% were paid later than 60 days. The worst period was between July 2023 and December 2023, when only 29% of invoices were paid within 30 days and 18% were paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
FEI Foods Limited does not set standard payment terms as terms are generally agreed with each individual supplier. The most common terms are 30 days and the longest agreed terms are up to 90 days.
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
Dispute Resolution Process
FEI Foods Limited works with its suppliers to ensure any dispute is resolved quickly, initially through the finance department but if required, by escalation to the relevant individuals. Queries and disputes should be emailed to accountspayable@feifoods.co.uk, along with supporting paperwork e.g work completion slips or Proof of delivery signed by an FEI Foods representative.
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.
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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