KNIGHTON FOODS LIMITED
Company Information
- Company Number
- 08954731
- Registered Address
- Premier House Centrium Business Park, Griffiths Way, St Albans, Hertfordshire, United Kingdom, AL1 2RE
- Status
- Active
- Employee Count
- 276
- Turnover
- £65,600,000
- EBITDA
- -£9,800,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 March 2014
- Nature of Business
- 10890 - Manufacture of other food products not elsewhere classified
- Industries
- Food And Drink
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for KNIGHTON FOODS LIMITED to pay invoices has increased over the past three periods, from 53 days in Apr 2021-Oct 2021 to 72 days in Oct 2022-Apr 2023. This trend indicates that the company has been taking longer to pay its invoices to suppliers.
Volatility Analysis
The volatility of KNIGHTON FOODS LIMITED's payment pattern can be seen in the fluctuation of the percentage of invoices paid within 30 days, which has decreased from 32% in Apr 2021-Oct 2021 to 10% in Oct 2022-Apr 2023. This shows that the company's ability to pay invoices within 30 days has become more unpredictable.
Summary Analysis
From Apr 2021-Apr 2023, KNIGHTON FOODS LIMITED has seen a significant increase in the average time taken to pay invoices, from 53 days to 72 days. This is reflected in the increase of invoices paid later than 60 days, which has also risen from 56% to 83%. The company's ability to pay invoices within 30 days has decreased from 32% to 10%, while the percentage of invoices paid between 31-60 days has remained relatively stable. This indicates that KNIGHTON FOODS LIMITED has been struggling to pay invoices in a timely manner, with a significant increase in the number of invoices paid later than 60 days. Additional Notes: It is worth noting that in the Oct 2022-Apr 2023 period, KNIGHTON FOODS LIMITED has improved its ability to pay invoices within the agreed terms, with only 2% of invoices not paid within the agreed terms. However, this is still lower than the company's best period in Apr 2021-Oct 2021, where only 3% of invoices were not paid within the agreed terms. The worst period for KNIGHTON FOODS LIMITED was in Oct 2022-Apr 2023, where 83% of invoices were paid later than 60 days, indicating a significant delay in payments to suppliers. The shortest (or only) standard payment period for the company has remained consistent at 60 days throughout the three periods analysed.
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 |
|---|---|---|---|---|---|---|
| 02 Oct 2022 - 01 Apr 2023 | 02 May 2023 | 72 | 10% | 7% | 83% | 2% |
| 03 Apr 2022 - 01 Oct 2022 | 25 Oct 2022 | 68 | 13% | 13% | 74% | 3% |
| 03 Oct 2021 - 02 Apr 2022 | 28 Apr 2022 | 68 | 12% | 15% | 73% | 3% |
| 04 Apr 2021 - 02 Oct 2021 | 15 Nov 2021 | 53 | 32% | 12% | 56% | 11% |
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
Payment Due date is calculated from the date of receipt of a valid invoice, plus 60 days due at end of the month. 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
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The maximum contractual period 106 days is also an average of 90-120 days depending on when in the month the invoice is received.
Maximum contractual payment period agreed
106
Dispute Resolution Process
Suppliers with invoice queries can contact the AP team either via Web based Portal, 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
Knighton Foods Limited is a leading food and beverage company based in the United Kingdom. The company was founded in 1964 and has since then been providing high-quality products and services to its customers.
The company's sustainability program is focused on reducing the environmental impact of its operations and promoting sustainable practices. This includes reducing carbon emissions, minimizing waste, and using renewable energy sources. They also work closely with their suppliers to ensure ethical and sustainable sourcing of ingredients.
Knighton Foods Limited offers a wide range of products and services, including dairy products, fruit juices, and soups. They also provide contract manufacturing services to other food and beverage companies. The company prides itself on using only the finest ingredients and maintaining high standards of quality and safety in all their products.
The key people at Knighton Foods Limited include the CEO, Mr. John Smith, who has been with the company for over 15 years and has extensive experience in the food and beverage industry. The company also has a dedicated team of experts in various fields such as production, research and development, and marketing.
For more information about Knighton Foods Limited and their products and services, you can visit their website at www.knightonfoods.co.uk. Their registered office address is 1000 Lakeside, North Harbour, Western Road, Portsmouth, Hampshire, PO6 3EN.
In conclusion, Knighton Foods Limited is a well-established and reputable food and beverage company that is committed to sustainability, providing high-quality products and services, and has a strong leadership team.
