HOVIS LIMITED
Company Information
- Company Number
- 08846838
- Registered Address
- The Lord Rank Centre, Lincoln Road, High Wycombe, Buckinghamshire, England, HP12 3QS
- Status
- Active
- Employee Count
- 2,908
- Turnover
- £477,644,000
- EBITDA
- £8,594,000
Additional Details
- Website
- https://www.hovis.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 15 January 2014
- Nature of Business
- 10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
- Industries
- Lifestyle And Entertainment
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for HOVIS LIMITED is generally showing an improvement in the average time to pay invoices, with a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period.
Volatility Analysis
The volatility for HOVIS LIMITED is relatively low, with small fluctuations in the average time to pay and percentages of invoices paid within different time frames. However, the most significant change was seen in the percentage of invoices paid later than 60 days, which decreased by 9 percentage points in the most recent period.
Summary Analysis
From the data provided, it can be seen that HOVIS LIMITED has improved their average time to pay invoices since 2018, with a decrease of 3 days. The percentage of invoices paid within 30 days has also increased by 2 percentage points, while the percentage of invoices paid later than 60 days has decreased by 9 percentage points. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period.
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 Jan 2023 - 30 Jun 2023 | 15 Sept 2023 | 70 | 14% | 23% | 63% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 64 | 18% | 20% | 62% | 42% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2022 | 65 | 19% | 40% | 41% | 35% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 73 | 7% | 18% | 75% | 55% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 64 | 18% | 20% | 62% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 64 | 21% | 41% | 38% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 66 | 15% | 22% | 63% | 34% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 65 | 12% | 17% | 71% | 60% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 67 | 15% | 20% | 65% | 84% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 69 | 14% | 19% | 67% | 83% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 67 | 16% | 22% | 62% | 80% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Hovis Limited shall pay or procure the payment of all invoices within seventy five (75) days of the end of the month of receipt provided that: 1. If in the opinion of Hovis Limited any invoice is incorrect it shall notify the Supplier and payment shall not be due to the Supplier for the price set out in such invoice unless and until a correct invoice has been submitted to the Company and then payment shall be due within seventy five (75) days of the end of the month of receipt of such corrected invoice. 2. If the payment due date of an invoice does not fall on a Business Day, payment shall become due on the Business Day following the due date. Hovis Limited raises payment instructions in line with agreed payment terms, with no allowance for fund transmission times. The funds are available to suppliers between 1 and 5 days after the payment terms date depending upon the method of transmission.
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
110
Dispute Resolution Process
Suppliers with invoice queries can contact the AP team either via the email address apqueries@hovis.co.uk or via direct contact with a member of the Accounts Payable team. The Accounts Payable team will investigate the query and will respond to the Supplier with a resolution. The Accounts Payable team will also get in contact with the Supplier if they find an issue with the invoice.
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.
❌
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.
❌
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.
❌
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
Company Summary
HOVIS LIMITED is a British company that specializes in the production and distribution of bakery products. The company was founded in 1886 and is currently headquartered in High Wycombe, Buckinghamshire.
The company's sustainability program focuses on reducing their environmental impact by implementing sustainable practices in their operations. This includes using renewable energy sources, reducing waste and emissions, and promoting sustainable sourcing of ingredients.
HOVIS LIMITED offers a wide range of products, including bread, rolls, crumpets, and wraps. Their products are made with high-quality ingredients and are known for their taste and freshness.
The key people at HOVIS LIMITED include CEO Nish Kankiwala and Chairman Jon Goldstone. The company prides itself on its highly skilled and dedicated workforce, who are committed to delivering the best products to their customers.
For further information on their products and services, customers can visit the company's website at www.hovis.co.uk. The registered office address of HOVIS LIMITED is at Premier Foods plc, Premier House, Centrium Business Park, Griffiths Way, St. Albans, Hertfordshire, AL1 2RE.
In conclusion, HOVIS LIMITED is a well-established company in the bakery industry, known for its commitment to sustainability and high-quality products. With a strong leadership team and a dedicated workforce, the company continues to grow and provide customers with delicious and sustainable bakery products.
