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Food And Drink Payment Practices Report 2022

•By PaymentCheck•Reports

UK Food and Drink Sector Lags Behind National Average on Payment Performance

The Numbers

  • Companies analysed: 129
  • Average PaymentCheck Score: 49.2/100
  • UK average: 50.0/100
  • Difference between Food and Drink sector average and UK average: -0.8 points
  • Highest PaymentCheck Score: 89.9/100 (ECOM AGROTRADE LIMITED)
  • Lowest PaymentCheck Score: 10.4/100 (ABSOLUTELY CATERING LIMITED)
  • Number of companies in "Unknown" region: 3
  • Average PaymentCheck score for companies in "Unknown" region: 69.5/100
  • Number of companies in London: 24
  • Average PaymentCheck score for companies in London: 58.1/100

What Stands Out

The UK Food and Drink sector's average PaymentCheck score of 49.2 puts it slightly below the national average, which suggests a minor but widespread issue with payment practices. The gulf between the best and worst payers, nearly 80 points, highlights a stark disparity in financial responsibility within the sector.

Best Payers

  1. ECOM AGROTRADE LIMITED - 89.9/100
  2. MEADOW FOODS LIMITED - 89.6/100
  3. FOYLE FOOD GROUP LIMITED - 88.2/100
  4. CORNEY AND BARROW LIMITED - 87.18/100
  5. JUSTERINI & BROOKS,LIMITED - 85.5/100

Worst Payers

  1. ABSOLUTELY CATERING LIMITED - 10.4/100
  2. PRINCIPAL CATERING CONSULTANTS LIMITED - 11.2/100
  3. VACHERIN LIMITED - 13.6/100
  4. CARNAUDMETALBOX ENGINEERING LIMITED - 19.1/100
  5. GREENCORE GROCERY LIMITED - 20.5/100

Regional Patterns

London, with its large sample size of 24 companies, exhibits a higher average PaymentCheck score (58.1) compared to the sector average, suggesting potentially better payment practices within the capital's Food and Drink businesses. The "Unknown" region shows the highest average score (69.5), but with only three companies represented, it may not be indicative of a broader trend, and more data would be needed to evaluate properly.

Before sending a late payment reminder, you might want to calculate the late payment interest with a late payment calculator.

One-line takeaway: The Food and Drink sector's 0.8-point deficit compared to the UK average, and the spread between ECOM AGROTRADE LIMITED (89.9) and ABSOLUTELY CATERING LIMITED (10.4), suggests significant variability in payment performance.