WALKERS SHORTBREAD LIMITED
Company Information
- Company Number
- SC063233
- Registered Address
- Aberlour House, Aberlour-On-Spey, Banffshire, AB38 9LD
- Status
- Active
- Employee Count
- 1,255
- Turnover
- £200,986,000
- EBITDA
- £18,148,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 October 1977
- Nature of Business
- 10720 - Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
- Industries
- Distribution And Delivery, Food And Drink, Supply Chain, Manufacturing And Commerce Models
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
Over the past three periods, WALKERS SHORTBREAD LIMITED has consistently improved their average time to pay invoices, with a decrease of 36% from 2018 to 2019. The percentage of invoices paid within 30 days has also increased by 23%, indicating a strong commitment to timely payments. The company has also reduced the percentage of invoices paid later than 60 days by 66% over the same period. These improvements show a positive trend towards prompt payment to suppliers.
Volatility Analysis
There is a consistent pattern of improvement in all metrics for WALKERS SHORTBREAD LIMITED, with very little volatility between periods. This indicates a stable and reliable approach to managing invoice payments.
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 2019 - 31 Dec 2019 | 12 Mar 2020 | 17 | 84% | 15% | 1% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 18 | 86% | 14% | 0% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 20 | 79% | 21% | 0% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 28 | 61% | 38% | 1% | 20% |
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
Standard payment terms are end of month following the invoice date. There are variations to these standard terms that are applied when negotiated and agreed by both parties.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
61
Dispute Resolution Process
If a dispute or query arises on an invoice, in general the issue is resolved either by phone or a dedicated email address. All disputes are dealt with as they arise and followed up regularly as required. If needs be the dispute can be escalated to more senior company representative, currently the Finance Manager and/or Head of Purchasing.
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?
❌
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
WALKERS SHORTBREAD LIMITED is a Scottish family-owned company that specializes in producing high-quality shortbread cookies. Founded in 1898, the company has a long-standing reputation for using traditional recipes and methods to create delicious and buttery shortbread.
As a company, WALKERS is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in renewable energy sources, reduced their carbon emissions, and implemented efficient packaging solutions to minimize waste.
Their products include a variety of shortbread cookies, including classic butter shortbread, chocolate chip shortbread, and gluten-free options. They also offer seasonal and limited edition products, such as Halloween and Christmas-themed shortbread.
The key people behind WALKERS SHORTBREAD LIMITED are the managing director, James Walker, and the chairman, Joseph Walker. The company prides itself on being a family business, with members of the Walker family still involved in the day-to-day operations.
For more information on their products and sustainability efforts, customers can visit the company's website at www.walkersshortbread.com. The registered office address for WALKERS SHORTBREAD LIMITED is Aberlour House, Aberlour, Scotland, AB38 9LD, United Kingdom.
