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 a UK-based company that specializes in the production and distribution of a diverse range of ethnic food products. The company was founded in 1972 and has since grown into a leading supplier of South Asian, African, Caribbean, and Middle Eastern food products in the UK and Europe.
The company's sustainability program is centered around responsible sourcing, reducing carbon footprint, and promoting eco-friendly practices. They work closely with their suppliers to ensure fair trade and ethical practices, and have implemented energy-efficient measures in their operations to reduce their environmental impact.
EAST END FOODS HOLDINGS LIMITED offers a wide range of products including spices, lentils, rice, sauces, chutneys, and ready-to-eat meals. They have a strong commitment to quality and source their products from reputable suppliers to ensure the authenticity and freshness of their products.
The key people behind EAST END FOODS HOLDINGS LIMITED are the founders, the Wouhra family, who are still actively involved in the company's operations and decision-making. Their experience and expertise in the food industry have been instrumental in the company's success.
The company's registered office address is 46 Birmingham New Rd, Wolverhampton WV4 6BL, UK. They can be contacted via phone at +44 1902 308070 or through their website at www.eastendfoods.co.uk.
In summary, EAST END FOODS HOLDINGS LIMITED is a well-established and reputable company in the UK food industry. With a strong focus on sustainability, a diverse range of high-quality products, and a team of experienced leaders, the company continues to grow and provide customers with authentic and ethically-sourced ethnic food products.