FARMFOODS LIMITED
Company number: SC030186
Reporting period:
4 January 2026 to 4 July 2026
Report filed on:
21 July 2026
Approved by:
Susan Crombie
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 40 days
Total value paid:
- within 30 days: £243,137,679 (35%)
- in 31 to 60 days: £376,505,191 (54%)
- in 61 days or more: £82,042,735 (12%)
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 62%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £326,352,805
- payments due in the reporting period which have not been paid within the agreed period: 59%
- not made in the reporting period due to a dispute: 11%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Farmfoods Limited does not set standard payment terms as terms are generally agreed with each individual supplier. The most common terms are 30 days or less and the longest agreed terms are typically end of month plus 30 days.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Retention clauses are only included in new build construction contracts.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
Not applicable. As the end construction client, Farmfoods Limited does not have any retention clauses applied to it.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
After the agreed time period, and assuming there are no issues with the construction, the contractor will submit their final invoice for the retention value.
Is the money released in stages?
No
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
100%
Amount retained stated as a percentage of the total construction payments made by this business
3%
Dispute resolution process
Farmfoods Limited works with it's suppliers to ensure any dispute is resolved quickly, initially through the finance department but if required, by escalation to the relevant individuals.
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