The average time taken for EAST END FOODS HOLDINGS LIMITED to pay invoices has increased over the three periods, with an average of 42.3 days in the most recent period compared to 40 days in the first period. The percentage of invoices paid within 30 days has decreased from 25% to 22.3%, while the percentage of invoices paid later than 60 days has increased from 1% to 7.5%.
There is some volatility in the data for EAST END FOODS HOLDINGS LIMITED, particularly in the percentage of invoices paid later than 60 days. This percentage increased significantly in the third period, jumping from 4.1% in the second period to 7.5% in the third period. This indicates that the company may be experiencing some issues with paying invoices on time.
In the last three periods, EAST END FOODS HOLDINGS LIMITED has shown a trend of taking longer to pay invoices, with an average time of 45 days in the most recent period. The percentage of invoices paid within 30 days has also decreased, while the percentage of invoices paid later than 60 days has increased significantly. This could indicate potential issues with cash flow or payment processes within the company.
| 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 May 2017 - 31 Oct 2017 | 05 Mar 2018 | 40 | 25% | 74% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
upfront payments for most imports and 60 days credit for local
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
60
confirm with purchase orders
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
East End Foods Holdings Limited is registered in West Bromwich and its SIC classification covers wholesale of food, including fish, crustaceans and molluscs. It functions as a holding entity within the East End Foods group, which trades under the East End Foods brand supplying Asian food products such as rice, pulses, spices and cooking oils. The group's own materials describe a range of around 1,250 products, developed over four decades, sold to households cooking Asian dishes, with an emphasis on sourcing, processing and packaging of ingredients. The registered company itself does not describe direct trading activity beyond its role within this wider group structure.
Generated from the company's website and Companies House records. Sources: eastendfoods.co.uk