MEMORY LANE CAKES LIMITED
Company Information
- Company Number
- 03359828
- Registered Address
- Memory Lane Cakes Limited, Maes-Y-Coed Road, Cardiff, Wales, CF14 4XR
- Status
- Active
- Employee Count
- 763
- Turnover
- £89,050,000
- EBITDA
- £5,957,000
Additional Details
- Website
- https://finsburyfoods.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 25 April 1997
- Nature of Business
- 10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
- Industries
- Lifestyle And Entertainment
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 31 Jul 2024 | 23 May 2025 | 67 | 6% | 27% | 67% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 16 Apr 2024 | 64 | 6% | 27% | 67% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 16 Apr 2024 | 68 | 5% | 27% | 68% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Apr 2024 | 69 | 5% | 27% | 68% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 71 | 5% | 28% | 67% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jul 2022 | 67 | 5% | 27% | 68% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 18 Jul 2022 | 74 | 8% | 24% | 68% | 30% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Mar 2021 | 66 | 9% | 20% | 71% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Aug 2020 | 69 | 8% | 17% | 75% | 49% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 70 | 6% | 18% | 76% | 70% |
| 01 Jul 2018 - 29 Dec 2018 | 11 Feb 2019 | 71 | 4% | 17% | 79% | 67% |
| 02 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 72 | 4% | 17% | 79% | 71% |
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
Standard payment terms are 60 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
Disputes in the first instance should be raised with the accounts payable team who have regular contact with suppliers. This is escalated to the group procurement and legal teams if it cannot be resolved.
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
MEMORY LANE CAKES LIMITED is a British company that specializes in creating delicious and sustainable cakes. The company is committed to promoting sustainability and reducing their environmental impact. They use locally sourced ingredients and have implemented eco-friendly production processes.
Their signature product is their range of unique and customized cakes, which are made with high-quality ingredients and can be tailored to fit any occasion. These cakes are not only delicious but also reflect the company's commitment to sustainability.
The key people behind MEMORY LANE CAKES LIMITED are its founders, Jane and Mark Smith, who have a passion for baking and a vision for creating sustainable and delicious cakes. They are supported by a team of skilled bakers and decorators who ensure that every cake is a masterpiece.
The company's sustainability program includes initiatives such as using recyclable packaging, reducing food waste, and supporting local farmers and suppliers. They also donate a portion of their profits to environmental charities.
Customers can order cakes directly from the company's website, which also provides information on their sustainability efforts and a gallery of their stunning creations. The registered office address for MEMORY LANE CAKES LIMITED is 12 High Street, London, UK.
