HILTON FOODS UK LIMITED
Company Information
- Company Number
- NI026872
- Registered Address
- Carson Mcdowell Llp Murray House, Murray Street, Belfast, Northern Ireland, BT1 6DN
- Status
- Active
- Employee Count
- 1072.0
- Turnover
- 662213000.0
- EBITDA
- 30493000.0
Additional Details
- Website
- https://hiltonfoods.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 11 September 1992
- Nature of Business
- 10130 - Production of meat and poultry meat products
- Industries
- 0
- Region
- Northern Ireland
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 32 | 32% | 66% | 2% | 59% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Aug 2023 | 27 | 51% | 46% | 3% | 48% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 32 | 36% | 61% | 3% | 59% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 32 | 40% | 55% | 5% | 54% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 32 | 39% | 56% | 5% | 52% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 33 | 38% | 57% | 5% | 54% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 35 | 32% | 62% | 6% | 62% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 37 | 40% | 55% | 5% | 55% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 34 | 48% | 47% | 5% | 52% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 30 | 54% | 43% | 3% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 34 | 35% | 60% | 5% | 60% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 41 | 9% | 83% | 8% | 68% |
Company Summary
Hilton Foods UK Limited is a leading food packaging and processing company based in the United Kingdom
They specialize in providing high-quality, sustainably sourced meat, poultry, and seafood products to retailers and foodservice companies
Their sustainability program focuses on reducing the environmental impact of their operations, including reducing waste and energy consumption, promoting sustainable sourcing practices, and supporting local communities
Hilton Foods UK Limited offers a wide range of products and services, including custom packaging and processing solutions, as well as a variety of branded and private label products
They work closely with their customers to ensure that their products meet their specific needs and requirements
The key people at Hilton Foods UK Limited include Robert Watson OBE, the Chairman, and Philip Heffer, the Chief Executive Officer
They lead a team of experienced professionals who are committed to delivering high-quality products and services to their customers
For more information on Hilton Foods UK Limited and their products and services, visit their website at www.hiltonfoodgroupplc.com
Their registered office address is 2nd Floor, 2 St
James's Gate, Newcastle upon Tyne, NE1 4BE, United Kingdom
Company Review
Trend Analysis
There is a general downward trend in the average time taken for HILTON FOODS UK LIMITED to pay invoices to suppliers between 2018 and 2023. This trend is reflected in the decreasing percentages of invoices paid within 30 days and between 31 and 60 days. However, there is an increase in the percentage of invoices paid later than 60 days in 2023 compared to 2022.
Volatility Analysis
The volatility in the average time taken for HILTON FOODS UK LIMITED to pay invoices to suppliers is relatively low, with only minor fluctuations between periods. The company consistently pays the majority of their invoices within 60 days, with small changes in the percentages of invoices paid within 30 days and between 31 and 60 days.
Summary Analysis
For HILTON FOODS UK LIMITED, the average time taken to pay invoices to suppliers has decreased from 41 days in the period of January 2018 to June 2018 to 27 days in the period of July 2023 to December 2023. This is a decrease of 34.1% over a three-year period. Additionally, the percentage of invoices paid within 30 days has increased from 9% in 2018 to 51% in 2023, showing a significant improvement in their payment efficiency. However, in 2023, there is a slight increase in the percentage of invoices paid later than 60 days compared to the previous period, which may indicate potential delays in payment.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The shortest standard contractual length of time for payment of invoices is 7 days, longest is 37 days.
Were there any changes to the standard payment terms in the reporting period?
Yes – Payment terms have been increased by 2 days.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
All payment disputes are directed to the on site Accounts Payable team, whom can be contacted via email or phone. All disputes will be investigated in a timely and efficient manner.
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.
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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
