GENERAL MILLS UK LIMITED

PaymentCheck Score 2025
48Poor
1.7vs last year
#3742 in UK
#1345 in London

Company Information

Company Number
04633664
Employee Count
295
Turnover
£289,007,000
EBITDA
£15,360,000

Additional Details

Industries
Coming Soon
Region
London

Time to Pay

Average Time to Pay
53 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
28%
31-60 Days
36%
After 60 Days
36%
Not Paid Within Terms16%

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: 2025-01-02
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
25 Nov 2024 - 25 May 202511 Jun 20255636%33%31%33%
27 May 2024 - 24 Nov 202402 Jan 20255328%36%36%16%
27 Nov 2023 - 26 May 202413 Jun 20244932%38%30%24%
29 May 2023 - 26 Nov 202304 Jan 20246020%40%39%29%
30 Nov 2022 - 28 May 202316 Jun 20236221%33%45%35%
29 Nov 2021 - 30 May 202223 Jun 20226221%42%37%33%
01 Jun 2021 - 28 Nov 202116 Dec 20215017%49%33%23%
01 Jun 2020 - 30 Nov 202019 Feb 20214735%38%27%61%
26 May 2019 - 25 Nov 201910 Mar 20204934%35%31%51%
26 Nov 2018 - 25 May 201927 Jun 20194559%36%5%48%
29 May 2017 - 28 Nov 201727 Dec 20174472%28%0%30%

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 90 days from the invoice date to pay the full amount per the invoice with prior agreement from the vendor.

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

120

Dispute Resolution Process

For any disputes or queries, suppliers can call 0800 227 43600 or email Apcustomerservices.english@genmills.com. The team will investigate any delays or issues in payment in order to resolve any queries as soon as possible.

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

GENERAL MILLS UK LIMITED is a multinational food company headquartered in Minneapolis, USA. The company has a strong presence in the UK and offers a variety of food products including cereals, snacks, baking products, and pet food.

The company has a strong sustainability program in place, with a focus on reducing greenhouse gas emissions, improving water and energy efficiency, and promoting sustainable sourcing of ingredients. They have also set targets to reduce food waste and increase the use of recyclable packaging.

Some of their popular products in the UK include Cheerios, Nature Valley granola bars, and Häagen-Dazs ice cream. They also offer a range of gluten-free and organic options to cater to different dietary needs.

Key people in GENERAL MILLS UK LIMITED include President and CEO Jeff Harmening, Chief Sustainability Officer Mary Jane Melendez, and Managing Director of General Mills UK, Ireland, and Nordic countries, Mike Taylor.

Contact information for GENERAL MILLS UK LIMITED can be found on their website, along with their registered office address in Uxbridge, Middlesex. The company also has a strong online presence and engages with consumers through social media platforms.

Financial Metrics

Cash
£0
Net Worth
£24,350,000
Total Current Assets
£111,894,000
Total Current Liabilities
£99,308,000