Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for KENT FOODS LIMITED to pay invoices has been relatively consistent over the past three periods, with a slight increase in 2021 compared to the previous two periods. However, there has been a significant decrease in the percentage of invoices paid within 30 days, and an increase in the percentage of invoices paid later than 60 days. This suggests that the company may be experiencing some financial difficulties.
KENT FOODS LIMITED has shown some volatility in their payment practices over the past three periods. While there has been consistency in the average time taken to pay invoices, there have been significant changes in the percentages of invoices paid within 30 days and those paid later than 60 days. This could indicate that the company is struggling to maintain a stable payment schedule.
In the past three periods, KENT FOODS LIMITED has maintained an average time of 55-57 days to pay invoices. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in those paid later than 60 days. The company's best period was in 2018, where 67% of invoices were paid within 30 days. The worst period was in 2021, where 47% of invoices were paid later than 60 days.
| 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 Jan 2021 - 30 Jun 2021 | 11 Aug 2021 | 56 | 18% | 35% | 47% | 77% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Feb 2021 | 54 | 17% | 48% | 35% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 57 | 18% | 45% | 37% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 55 | 14% | 61% | 25% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Oct 2019 | 60 | 15% | 64% | 21% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 56 | 18% | 67% | 16% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 23% | 60% | 17% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with each supplier. Our main contracts with current suppliers are based on payment on 60 days.
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
90
Our Purchasing Department is responsible for resolving any disputes or complaints. Any unresolved disputes are escalated to Director level.
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
Kent Foods Limited is a Scotland-registered company incorporated in 1992. According to official business classification records, it operates in the wholesale of dairy products, eggs and edible oils and fats, as well as non-specialised wholesale of food, beverages and tobacco. This places the company within food distribution, supplying dairy, egg and fat-based products and a broader range of food and drink goods to other businesses. No verified website content was available to describe its operations in further detail, so this summary relies solely on official classification data. The company remains active on the Companies House register, based at premises in Paisley, Scotland.
Generated from the company's website and Companies House records.