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Food And Drink Payment Practices Report 2023

•By PaymentCheck•Reports

UK Food & Drink Sector Lags Behind on Payment Performance

The Numbers

  • Companies analysed: 126
  • Average PaymentCheck Score: 48.3/100
  • UK average: 50.0/100 (Food And Drink is 1.7 points below the average)
  • Top PaymentCheck Score: 91.4/100 (ECOM AGROTRADE LIMITED)
  • Bottom PaymentCheck Score: 7.5/100 (WILLIAM GRANT & SONS BRANDS LIMITED)

What Stands Out

The Food & Drink sector's average PaymentCheck Score of 48.3 puts it below the UK average, suggesting systemic payment issues are dragging down the sector's financial health. A massive chasm separates the best payers from the worst; ECOM AGROTRADE is getting invoices paid promptly, while William Grant & Sons Brands lags far behind.

Best Payers

  1. ECOM AGROTRADE LIMITED - 91.4/100
  2. HERTFORDSHIRE CATERING LIMITED - 91.2/100
  3. MEADOW FOODS LIMITED - 87.66/100
  4. JUSTERINI & BROOKS,LIMITED - 85.7/100
  5. G.R.WRIGHT & SONS LIMITED - 84.7/100

Worst Payers

  1. WILLIAM GRANT & SONS BRANDS LIMITED - 7.5/100
  2. CARNAUDMETALBOX ENGINEERING LIMITED - 16.8/100
  3. GREENCORE PREPARED MEALS LIMITED - 20.7/100
  4. KERRY INGREDIENTS (UK) LIMITED - 21.1/100
  5. COCA-COLA EUROPACIFIC PARTNERS GREAT BRITAIN LIMITED - 22/100

Regional Patterns

London-based firms have an average score of 56.4, which is noticeably higher than the sector average, but even London is only just above the national average of 50.0. It's worth noting that the 'Unknown' region has a high average of 69.9, but this is based on just three companies, meaning the data is not really significant. The South West recorded the lowest average score out of regions with a reasonable number of companies represented, at just 49.4.

For companies struggling with late payments, it's worth knowing that our late payment calculator is available to help you work out what you are owed.

With an average PaymentCheck Score of just 48.3 out of 100, many food and drink firms aren't meeting payment standards, indicating serious financial strain for suppliers across the UK.