JDM FOOD GROUP LIMITED

PaymentCheck Score 2021
58Fair
1.0vs last year
#3731 in UK
#44 in Food And Drink
#158 in East Midlands

Company Information

Company Number
03826975
Registered Address
Monument Road Monument Road, Bicker, Boston, England, PE20 3DJ
Status
Active
Employee Count
407
Turnover
£72,892,000
EBITDA
£5,777,000

Additional Details

Company Type
Private limited Company
Incorporated On
17 August 1999
Nature of Business
10890 - Manufacture of other food products not elsewhere classified
Industries
Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
East Midlands

Time to Pay

Average Time to Pay
41 days
Shortest Period:1 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
25%
31-60 Days
63%
After 60 Days
12%
Not Paid Within Terms1%

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: 2021-07-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202127 Jul 20214125%63%12%1%
01 Jul 2020 - 31 Dec 202019 Jan 20214325%62%14%1%
01 Jan 2019 - 30 Jun 201915 Jul 20194129%60%11%9%
01 Jul 2018 - 31 Dec 201828 Jan 20194328%56%16%9%
01 Jan 2018 - 30 Jun 201819 Jul 20183837%54%9%9%

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

It is the company policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. There are no standard payment terms. Payment terms are agreed with each supplier individually

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

The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. The Accounts payable team in conjunction with the Procurement department are responsible for dispute resolution. We seek to resolve queries as quickly as possible, prior to payment being made. In the event that a dispute cannot be resolved, our accounts payable team would escalate to head of department to seek a resolution.

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

JDM FOOD GROUP LIMITED is a UK-based company that specializes in the production, marketing, and distribution of high-quality food products. The company was founded in 1985 and has since grown to become one of the leading food suppliers in the UK.

The company's sustainability program is a key focus for JDM FOOD GROUP LIMITED. They are committed to reducing their environmental impact and promoting sustainable practices throughout their supply chain. This includes sourcing ingredients from sustainable and ethical sources, reducing waste and energy consumption, and promoting animal welfare.

JDM FOOD GROUP LIMITED offers a wide range of products including frozen and chilled foods, bakery products, and dry goods. They work closely with their suppliers to ensure the highest quality standards are met, and they also have their own state-of-the-art production facilities to ensure consistent quality in their products.

The key people at JDM FOOD GROUP LIMITED include CEO Mark Stevenson and Chairman John Mortimer. They have a dedicated team of experienced professionals who are passionate about providing high-quality food products to their customers.

To contact JDM FOOD GROUP LIMITED, you can visit their website at www.jdmfoodgroup.co.uk or reach out to their registered office at JDM House, Spur Road, Cosham, Portsmouth, Hampshire, PO6 3EB, UK. The company also has a strong presence on social media platforms such as LinkedIn and Twitter, where they regularly share updates and news about their products and sustainability efforts.

Financial Metrics

Cash
£2,061,736
Net Worth
£8,732,236
Total Current Assets
£19,401,790
Total Current Liabilities
£17,396,739

Company Location