Their own payment-practices filing · gov.uk
Iceland Foods Limited pays suppliers in 43 days on average — within its stated 14–90 day terms
Their H1 2026 filing puts the average 29 days past the shortest term they state (14 days), still within their 90-day upper term.
- Their stated terms
- 14–90 days
- Paid outside agreed terms
- 3% of invoices
- Paid after 61+ days
- 30%
- Reporting period
- 27 Sept 2025 – 27 Mar 2026
- Source
- their gov.uk filing, filed 29 Apr 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 43 against 14–90 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 16 reports
46 → 43 days — getting faster
The read · computed from their figures
Iceland Foods Limited's H1 2026 filing puts their average at 43 days against stated terms of 14–90 days; 3% of invoices were paid outside agreed terms and 30% took 61 days or longer. Filed 29 Apr 2026.
The direction is faster: from 46 days in H2 2023 to 43 now — 3 days faster across their last 6 reports.
On the latest reported averages: Slower than 66% of the 815 large companies reporting in wholesale & retail trade.
That is 16 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
Icelands standard contractual payment terms state that Iceland will pay each correct invoice on its next weekly payment run following agreed terms. Terms do vary in accordance with individual agreements with suppliers. Iceland makes a Supply Chain Finance solution available to some suppliers which allows suppliers to receive payments earlier than their standard terms.
Dispute resolution
Our Accounts Payable team work closely with suppliers and with our buying team to ensure timely resolution of price / quantity issues. We also set up and communicated a dedicated point of contact to all suppliers in Sept 2017 to give an additional way of making speedy contact with the key people in our finance team to solve any invoice and payment queries, there is also an e mail address as an alternative method of contact. We stated that we would endeavour to deliver a solution to queries within 3 working days. ICELAND PAYMENTS/ INVOICE HELPLINE. :- 01244 842975 Or [email protected]
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 43 | 3% | 30% | 29 Apr 2026 |
| H2 2025 | 43 | 2% | 29% | 28 Oct 2025 |
| H1 2025 | 43 | 5% | 28% | 30 Apr 2025 |
| H2 2024 | 42 | 2% | 28% | 29 Oct 2024 |
| H1 2024 | 41 | 4% | 29% | 3 May 2024 |
| H2 2023 | 46 | 4% | 36% | 25 Oct 2023 |
| H1 2023 | 47 | 4% | 34% | 28 Apr 2023 |
| H2 2022 | 45 | 3% | 32% | 21 Oct 2022 |
| H1 2022 | 46 | 4% | 33% | 12 May 2022 |
| H2 2021 | 48 | 3% | 35% | 1 Nov 2021 |
| H1 2021 | 49 | 3% | 35% | 26 Apr 2021 |
| H2 2020 | 49 | 3% | 35% | 22 Oct 2020 |
| H1 2020 | 50 | 4% | 40% | 28 Apr 2020 |
| H2 2019 | 49 | 2% | 38% | 23 Oct 2019 |
| H1 2019 | 51 | 4% | 41% | 26 Apr 2019 |
| H2 2018 | 53 | 4% | 42% | 23 Oct 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 10 Apr 1973
- Registered office
- SECOND AVENUE, DEESIDE, CH5 2NW
Illustrative · working-capital arithmetic
What a 43-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 43-day vs a 14-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · Iceland Foods Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-01107406 · latest period to 27 Mar 2026
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