MARLOW FOODS LIMITED

PaymentCheck Score 2022
44Poor
#4427 in UK
#238 in Yorkshire and The Humber

Company Information

Company Number
01752242
Registered Address
Quorn Foods, Station Road, Stokesley, North Yorkshire, TS9 7AB
Status
Active
Employee Count
844
Turnover
£186,681,000
EBITDA
£98,359,000

Additional Details

Company Type
Private limited Company
Incorporated On
12 September 1983
Nature of Business
10890 - Manufacture of other food products not elsewhere classified
Industries
Food And Drink
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
51 days
Shortest Period:7 days
Longest Period:0 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
24%
31-60 Days
40%
After 60 Days
36%
Not Paid Within Terms22%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202203 May 20235817%38%45%10%
01 Jan 2022 - 30 Jun 202229 Jul 20225419%41%40%12%
01 Jul 2020 - 31 Dec 202003 Feb 20225820%43%37%11%
01 Jul 2019 - 31 Dec 201929 Jan 20205812%38%50%26%
01 Jan 2019 - 30 Jun 201930 Jul 20196212%37%51%14%
01 Jul 2018 - 31 Dec 201825 Jan 20196111%36%53%31%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

45 days

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

120

Dispute Resolution Process

We have a specific dispute resolution clause contained in each contract. The general principle of this clause is that we always try to resolve matters outside of the court, between the two parties informally

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

Company Summary

MARLOW FOODS LIMITED is a leading food company based in the UK that specializes in producing sustainable and plant-based food products. The company was founded in 1985 and has since become a pioneer in the plant-based food industry.

The company's main focus is on providing healthy and sustainable food options to its customers. Their sustainability program, called "Our Planet, Our Health," aims to reduce the environmental impact of their operations and promote sustainable farming practices. This includes sourcing ingredients from local and organic farmers, reducing food waste, and using renewable energy sources.

MARLOW FOODS LIMITED's flagship product is Quorn, a range of meat-free and soy-free products made from a sustainable protein source called mycoprotein. Quorn products are not only popular among vegetarians and vegans but also with health-conscious consumers looking for a healthier and more sustainable alternative to meat.

The key people behind MARLOW FOODS LIMITED include the CEO, Kevin Brennan, and the Director of Sustainable Development, Peter Harrison. They are committed to driving the company's sustainable agenda and ensuring the quality and innovation of their products.

For more information on MARLOW FOODS LIMITED and their products, you can visit their website at www.quorn.co.uk. Their registered office address is Station Road, Stokesley, North Yorkshire, TS9 7AB. Customers can also contact the company through their customer service hotline at 0345 602 9000 or via email at customerservices@quornfoods.com.

Financial Metrics

Cash
£20,288,000
Net Worth
£180,153,000
Total Current Assets
£126,514,000
Total Current Liabilities
£73,133,000

Company Location