MCCAIN FOODS GB LIMITED
Company Information
- Company Number
- 00733218
- Registered Address
- Havers Hill, Eastfield, Scarborough, N. Yorks., YO11 3BS
- Status
- Active
- Employee Count
- 1376.0
- Turnover
- 712568000.0
- EBITDA
- 102057000.0
Additional Details
- Website
- https://mccain.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 22 August 1962
- Nature of Business
- 01640 - Seed processing for propagation$10310 - Processing and preserving of potatoes$10390 - Other processing and preserving of fruit and vegetables$10890 - Manufacture of other food products not elsewhere classified
- Industries
- Environment,Agriculture And Waste
- Region
- Yorkshire and The Humber
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 07 Feb 2024 | 54 | 19% | 59% | 23% | 36% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 56 | 16% | 58% | 26% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 54 | 18% | 57% | 25% | 42% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 54 | 17% | 57% | 26% | 47% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 53 | 20% | 54% | 26% | 42% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 56 | 17% | 51% | 32% | 47% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 54 | 19% | 51% | 30% | 46% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 55 | 18% | 52% | 30% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 15 Jan 2020 | 52 | 19% | 58% | 23% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 54 | 19% | 58% | 23% | 42% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 52 | 20% | 57% | 23% | 42% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 51 | 23% | 50% | 27% | 47% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 54 | 16% | 51% | 33% | 52% |
Company Summary
MCCAIN FOODS (G.B.) LIMITED is a leading food company based in the United Kingdom that specializes in frozen potato products
The company was founded in 1957 by the McCain brothers and has since grown to become a global brand with operations in over 160 countries
The company's main focus is on producing high-quality and convenient frozen potato products, such as fries, wedges, and hash browns
They also offer a range of other frozen products, including vegetables, snacks, and desserts
Their products are available in retail stores, foodservice establishments, and online
MCCAIN FOODS (G.B.) LIMITED is committed to sustainability and has implemented several initiatives to reduce their environmental impact
They have a sustainability program in place that focuses on responsible sourcing of ingredients, reducing food waste, and promoting sustainable farming practices
The company also uses renewable energy sources in their production facilities and has set targets to reduce their carbon footprint
The key people at MCCAIN FOODS (G.B.) LIMITED include Peter McCain, the Chairman, and Nick Vermont, the Managing Director
The company has over 2,000 employees in the UK and Ireland, and their head office is located in Scarborough, North Yorkshire
For more information on MCCAIN FOODS (G.B.) LIMITED, their products, and sustainability efforts, you can visit their website at https://www.mccain.co.uk/
Their registered office address is Havers Hill, Eastfield, Scarborough, North Yorkshire, YO11 3BS, United Kingdom
Company Review
Trend Analysis
The data shows that on average, it takes MCCAIN FOODS (G.B.) LIMITED 54 days to pay invoices to suppliers. The percentage of invoices paid within 30 days has remained relatively consistent, ranging from 16% to 23% over the past three periods. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 50% in the first period to 59% in the most recent period. The percentage of invoices paid later than 60 days has also increased from 33% to 36% over the same period.
Volatility Analysis
The data for MCCAIN FOODS (G.B.) LIMITED shows a fluctuation in the average time taken to pay invoices, ranging from 51 days to 56 days over the past three periods. This indicates some volatility in the company's payment practices. However, the percentage of invoices paid within 30 days has remained relatively consistent, with a difference of only 4% between the lowest and highest values. The percentage of invoices paid between 31 and 60 days has shown a slight increase over time, while the percentage of invoices paid later than 60 days has remained relatively stable.
Summary Analysis
Looking at the data for MCCAIN FOODS (G.B.) LIMITED over the past three periods, there has been a slight increase in the average time taken to pay invoices, from 51 days to 56 days. However, the percentage of invoices paid within 30 days has remained consistent at around 20%, while the percentage of invoices paid between 31 and 60 days has increased from 50% to 57%. The percentage of invoices paid later than 60 days has also increased from 23% to 26% over the same period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We have various payment terms ranging from immediate upto 120 days. However our standard payment terms are 60 days net from date of invoice, and the majority of our suppliers are on 60 day terms.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
"The first contact for disputes is the McCain payment centre, contactable by phone during weekday working hours or by email. The McCain payment centre directs queries to either the identified buyer or the GB finance team if buyer details are not clear. Escalation channels are available through both the Procurement and Finance organisation."
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
✅
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.
✅
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
