Fox's Biscuits Limited demonstrates a highly concentrated payment pattern, with 97% of invoices settled within 30 days, suggesting a well-structured and efficient accounts payable process. However, the reported average payment time of 70 days creates a significant anomaly, as this figure is statistically inconsistent with the volume-weighted distribution data provided. This discrepancy warrants direct clarification from the buyer before establishing payment terms, as it may indicate a small number of high-value invoices skewing the average considerably.
The payment distribution appears highly predictable for the vast majority of transactions, with only 2% of invoices falling beyond 30 days across the 31-60 day and over-60-day brackets combined. The 7% late payment rate, however, introduces a measurable reliability concern, indicating that a subset of invoices are not being honoured within agreed contractual terms regardless of volume. This creates a low-frequency but consistent risk factor that suppliers should account for when structuring credit terms and cash flow forecasting.
Fox's Biscuits Limited presents a largely low-risk payment profile for standard transactional volumes, making it a viable customer for suppliers comfortable with net-30 terms on routine invoices. The 7% late payment rate and the unexplained 70-day average should be resolved through direct dialogue before extending significant credit lines or fulfilling large orders on deferred payment terms. As a risk mitigation measure, suppliers should consider including late payment clauses in contracts and monitoring the average payment time metric closely across the first three invoice cycles.
| 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 Sept 2023 - 29 Feb 2024 | 18 Mar 2024 | 58 | 92% | 3% | 5% | 19% |
| 28 Feb 2023 - 31 Aug 2023 | 18 Mar 2024 | 68 | 98% | 1% | 1% | 12% |
| 28 Aug 2022 - 27 Feb 2023 | 18 Mar 2024 | 70 | 97% | 1% | 1% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
No standard payment terms exist, with terms negotiated on an individual supplier basis
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
Complaints or concerns should be passed to the accounts payable team, quoting the purchase order number and invoice details. The accounts payable team will then escalate to the relevant department to resolve any outstanding issues around price, quantity or delivery.
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
Fox's Biscuits Limited is a private limited company operating within the biscuit manufacturing and food production sector in the United Kingdom. The company operates under the well-established Fox's Biscuits brand, which is recognised across the UK for producing a wide range of biscuit products.
The company is registered in England and Wales under company number 12900055 and was incorporated on 23 September 2020. Its registered office is located at Fieldfisher LLP, Riverbank House, 2 Swan Lane, London, EC4R 3TT, placing it within the City of London.
As a biscuit manufacturer operating in the UK market, the company is involved in the production and distribution of sweet and savoury biscuit products sold through retail and wholesale channels. This sector encompasses a broad product range, from everyday biscuits to premium and seasonal varieties, serving both consumers and commercial customers across the country.
Fox's Biscuits Limited holds an active status with Companies House, confirming that it remains a fully operational and compliant business entity within the United Kingdom's food manufacturing industry.