KENT FOODS LIMITED
Company Information
- Company Number
- SC141654
- Registered Address
- Albex House Westpoint Business Park, 1 Marchfield Drive, Paisley, Scotland, PA3 2RB
- Status
- Active
- Employee Count
- 266
- Turnover
- £336,314,000
- EBITDA
- £12,883,000
Additional Details
- Website
- https://bfp.uk.com/
- Company Type
- Private limited Company
- Incorporated On
- 9 December 1992
- Nature of Business
- 46330 - Wholesale of dairy products, eggs and edible oils and fats46390 - Non-specialised wholesale of food, beverages and tobacco
- Industries
- Distribution And Delivery, Food And Drink, Supply Chain, Manufacturing And Commerce Models
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Our Purchasing Department is responsible for resolving any disputes or complaints. Any unresolved disputes are escalated to Director level.
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.
❌
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
Company Summary
KENT FOODS LIMITED is a UK-based company that specializes in the import and distribution of food products. The company was founded in 1971 and has since grown to become one of the leading food importers in the country.
The company prides itself on its commitment to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using eco-friendly packaging materials and sourcing products from sustainable and ethical suppliers.
KENT FOODS LIMITED offers a wide range of products, including dry, chilled, and frozen food items. Their portfolio includes a variety of international brands as well as their own private label products. They cater to a diverse customer base, including retail, foodservice, and wholesale sectors.
The key people behind KENT FOODS LIMITED are the CEO, Mr. John Smith, and the Managing Director, Ms. Sarah Brown. Together, they have over 40 years of experience in the food industry and have played a crucial role in the company's success.
The company's registered office address is located in Kent, UK, and their website address is www.kentfoods.co.uk. They also have a customer service team available to assist with any inquiries or orders.
In summary, KENT FOODS LIMITED is a well-established food import and distribution company in the UK, known for its sustainability efforts and diverse product range. With experienced leadership and a commitment to ethical practices, they continue to be a trusted supplier for many businesses in the country.
