PREMIER FOODS GROUP LIMITED
Company number: 00281728
Reporting period:
30 March 2025 to 27 September 2025
Report filed on:
29 October 2025
Approved by:
Duncan Leggett
Payment statistics
Average time taken to pay invoices: 74 days
Total value paid:
- within 30 days: £55,461,751 (14%)
- in 31 to 60 days: £129,454,715 (32%)
- in 61 days or more: £219,752,539 (54%)
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 17%
- in 61 days or more: 78%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £26,038,647
- payments due in the reporting period which have not been paid within the agreed period: 4%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
90 days
Standard payment terms
Payment Due date is calculated from the date of receipt of a valid invoice, plus 60 days due at end of the month. If the payment due date of an invoice does not fall on a Business Day, payment shall become due on the Business Day following the due date, so has payment terms between 60 & 90 days of invoice receipt
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
150 days
Some suppliers have agreed payment terms that are calculated from the date of receipt of a valid invoice, plus 120 days due at end of the month. If the payment due date of an invoice does not fall on a Business Day, payment shall become due on the Business Day following the due date, so the payment term for such agreements can range between 120 & 150 days of invoice receipt.
Any other information about payment terms
Suppliers with invoice queries can contact the AP team either via Web based Portal, or via direct contact with a member of the Accounts Payable team. The Accounts Payable team will investigate the query and will respond to the Supplier with a resolution. The Accounts Payable team will also get in contact with the Supplier if they find an issue with the invoice. Supplier statements are also reconciled when they are sent in by the supplier and and are reconciled and returned with updated status' of invoices.
Dispute resolution process
Suppliers with invoice queries can contact the AP team either via Web based Portal, or via direct contact with a member of the Accounts Payable team. The Accounts Payable team will investigate the query and will respond to the Supplier with a resolution. The Accounts Payable team will also get in contact with the Supplier if they find an issue with the invoice. Supplier statements are also reconciled when they are sent in by the supplier and and are reconciled and returned with updated status' of invoices.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No