TESCO FOOD SOURCING LIMITED
Company Information
- Company Number
- 07502096
- Registered Address
- Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £7,000
Additional Details
- Website
- https://tesco.com
- Company Type
- Private limited Company
- Incorporated On
- 21 January 2011
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- East of England
Company Review
Trend Analysis
The data for TESCO FOOD SOURCING LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods. In 2018, the average time to pay was 31 days, which decreased to 30 days in 2019 and further decreased to 29 days in 2020. This trend suggests that the company has been improving in its payment efficiency over time.
Volatility Analysis
The volatility of the data for TESCO FOOD SOURCING LIMITED can be seen in the fluctuation of the percentage of invoices paid within 30 days. In 2018, this percentage was 34%, which increased to 43% in 2019 and then decreased to 60% in 2020. This shows that while the company has been improving in its payment efficiency, there have been some fluctuations in the percentage of invoices paid within 30 days.
Summary Analysis
Looking at the data for TESCO FOOD SOURCING LIMITED, there has been a steady improvement in the company's payment efficiency over the past three periods. The average time to pay has decreased from 31 days in 2018 to 29 days in 2020. Additionally, the percentage of invoices paid within 30 days has increased from 34% in 2018 to 60% in 2020. This suggests that the company has been making efforts to pay its invoices on time.
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 |
|---|---|---|---|---|---|---|
| 30 Aug 2020 - 28 Feb 2021 | 29 Mar 2021 | |||||
| 01 Mar 2020 - 29 Aug 2020 | 28 Sept 2020 | 11 | 100% | 0% | 0% | 0% |
| 26 Aug 2019 - 29 Feb 2020 | 30 Mar 2020 | 26 | 60% | 39% | 1% | 32% |
| 25 Feb 2019 - 25 Aug 2019 | 24 Sept 2019 | 29 | 70% | 29% | 1% | 28% |
| 27 Aug 2018 - 24 Feb 2019 | 26 Mar 2019 | 30 | 43% | 56% | 1% | 26% |
| 26 Feb 2018 - 26 Aug 2018 | 25 Sept 2018 | 31 | 34% | 65% | 1% | 19% |
Payment Time Trends
Payment Distribution Trends
Company Summary
TESCO FOOD SOURCING LIMITED is a British multinational retailer that specializes in groceries and general merchandise. It is headquartered in Welwyn Garden City, Hertfordshire, England. The company operates in 12 countries across Asia and Europe and has over 4,000 stores.
The main activity of TESCO FOOD SOURCING LIMITED is to source and supply high-quality food products to its retail stores. The company works with over 5,000 suppliers from all over the world to ensure a wide range of products for its customers.
TESCO FOOD SOURCING LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes reducing food waste, promoting sustainable packaging, and supporting local communities through various projects. The company also has a goal to become a zero-carbon business by 2050.
Some of the popular products offered by TESCO FOOD SOURCING LIMITED include fresh produce, dairy products, meat, bakery items, and household essentials. The company also offers online grocery shopping and delivery services, making it easier for customers to access their products.
The key people at TESCO FOOD SOURCING LIMITED include the CEO, Dave Lewis, and the Chairman, John Allan. The company has a team of experienced and dedicated professionals who work towards achieving its goals and providing quality products to its customers.
To contact TESCO FOOD SOURCING LIMITED, customers can visit their website at www.tescoplc.com or reach out to their registered office at Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, Hertfordshire, AL7 1GA, United Kingdom. Overall, TESCO FOOD SOURCING LIMITED is a leading retailer that prioritizes sustainability and offers a wide range of quality products to its customers.
