| 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 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 70 | 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% |
| 02 Jul 2017 - 01 Jan 2018 | 15 Feb 2018 | 72 | 4% | 16% | 80% | 69% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Memory Lane Cakes Limited is a bakery manufacturing site based in Cardiff, operating as part of Finsbury Food Group. The wider group acquired Memory Lane Cakes in 2002 and subsequently took its name, becoming Finsbury Food Group. Group evidence describes Memory Lane Cakes as one of its manufacturing hubs, alongside sites such as Fletchers and Nicholas & Harris, producing celebration cakes and licensed cake brands including Disney and Thorntons for supermarkets and hospitality customers across the UK. The registered entity itself functions as a bakery production site within this larger group structure, rather than as an independent standalone business, with its output supplied into the group's national wholesale and retail distribution network.
Generated from the company's website and Companies House records. Sources: finsburyfoods.co.uk · finsburyfoods.co.uk