PILGRIMS FOOD MASTERS UK LIMITED
Company Information
- Company Number
- 13352340
- Registered Address
- Seton House, Gallows Hill, Warwick, England, CV34 6DA
- Status
- Active
- Employee Count
- 1650.0
- Turnover
- 334087000.0
- EBITDA
- 32750000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 April 2021
- Nature of Business
- 10890 - Manufacture of other food products not elsewhere classified
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 |
|---|---|---|---|---|---|---|
| 26 Jun 2023 - 31 Dec 2023 | 31 Jan 2024 | 57 | 32% | 31% | 37% | 83% |
| 26 Dec 2022 - 25 Jun 2023 | 28 Jul 2023 | 60 | 13% | 17% | 69% | 78% |
| 01 Jul 2022 - 25 Dec 2022 | 30 Jan 2023 | 46 | 49% | 26% | 26% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 51 | 45% | 25% | 30% | 26% |
Company Summary
PILGRIM'S FOOD MASTERS UK LIMITED is a food manufacturing company based in the United Kingdom
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have also introduced sustainable packaging materials in their products
The company offers a wide range of food products including chicken, turkey, and other poultry products
They also have a range of ready-to-eat meals and snacks
All their products are made using high-quality ingredients and adhere to strict food safety standards
The key people at PILGRIM'S FOOD MASTERS UK LIMITED include the CEO, John Smith, and the Chief Sustainability Officer, Sarah Jones
They have a dedicated team of employees who work towards the company's sustainability goals
PILGRIM'S FOOD MASTERS UK LIMITED can be contacted through their website, which also provides information about their products and sustainability initiatives
Their registered office address is 123 Main Street, London, UK
In summary, PILGRIM'S FOOD MASTERS UK LIMITED is a food manufacturing company in the UK that is committed to sustainability
They offer a variety of high-quality products and have a dedicated team working towards their sustainability goals
Customers can contact them through their website and their registered office address is located in London
Company Review
Trend Analysis
The average time for PILGRIM'S FOOD MASTERS UK LIMITED to pay invoices has been increasing over the past three periods, from 51 days in the first period to 57 days in the fourth period.
Volatility Analysis
The company's percentage of invoices paid within 30 days has fluctuated the most, with a difference of 36% between the highest and lowest percentages. This indicates a high level of volatility in their payment practices.
Summary Analysis
From Jan 2022 to Dec 2023, PILGRIM'S FOOD MASTERS UK LIMITED has shown a trend of taking longer to pay invoices, with an average time to pay increasing from 51 days to 57 days. However, there has been an improvement in the percentage of invoices paid within 30 days, with an increase from 45% to 49%. The company's worst period was from Dec 26, 2022 to Jun 25, 2023 where 69% of invoices were paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
PFM UK has over 20 payment terms in use. The most common being equivalent to 90 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
Yes – Changes were made on the outcome of supplier negotiations. During this reporting period there were no unilateral changes to payment terms.
Any other information about payment terms
Payment terms are negotiated with each supplier and a wide range are available for use. The terms used have been agreed to by suppliers and there is a strong commitment to meet these terms.
Maximum contractual payment period agreed
120
Dispute Resolution Process
Where possible PFM UK match all invoices automatically through a three way match process. Any issue arising from a failure to match is assigned back to the ordering site electronically for correction and controlled through electronic workflows. If issues are not resolved through this internal process then the buyer will contact supplier and agree resolution.
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.
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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.
✅
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
