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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
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
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Knighton Foods Limited is a private limited company incorporated in March 2014 and registered at Premier House, Centrium Business Park, St Albans, Hertfordshire. Companies House records its nature of business under SIC code 10890, manufacture of other food products not elsewhere classified, with an associated industry classification of confectionery and snacks. The company remains active, with its most recent accounts made up to 29 March 2025 and its most recent confirmation statement dated 4 February 2026. No further first-party description of its specific products, brands or operations was available in the supplied evidence, so this summary is limited to the official classification and status information held on the public register.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk