NOMAD FOODS EUROPE LIMITED

PaymentCheck Score 2024
46Poor
4.6vs last year
#4562 in UK
#209 in Distribution And Delivery
#764 in South East

Company Information

Company Number
05879466
Registered Address
1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, England, TW14 8HA
Status
Active
Employee Count
595
Turnover
£194,114,000
EBITDA
-£3,462,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 July 2006
Nature of Business
10890 - Manufacture of other food products not elsewhere classified
Industries
Distribution And Delivery, Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
South East

Time to Pay

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

Payment Timeline

Within 30 Days
32%
31-60 Days
34%
After 60 Days
34%
Not Paid Within Terms46%

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 2024 - 31 Dec 202413 Feb 20255130%42%28%40%
01 Jan 2024 - 30 Jun 202430 Jul 20245332%34%34%46%
01 Jan 2023 - 30 Jun 202327 Jul 20235427%30%43%48%
01 Jul 2022 - 31 Dec 202201 Feb 20236925%29%46%51%
01 Jan 2022 - 30 Jun 202229 Jul 20226019%37%44%54%
01 Jul 2021 - 31 Dec 202131 Jan 20225224%42%34%67%
01 Jan 2021 - 30 Jun 202105 Aug 20215421%43%36%67%
01 Jul 2020 - 31 Dec 202001 Jul 20215123%41%36%68%
01 Jan 2020 - 30 Jun 202028 Jul 20205420%45%35%65%
01 Jan 2019 - 30 Jun 201929 Jul 20195420%43%37%65%
01 Jul 2018 - 31 Dec 201818 Jun 20195720%39%41%94%
01 Jan 2018 - 30 Jun 201827 Jul 20185721%38%41%98%

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

Payment due within 90 days of invoice date

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

If we dispute an invoice, we aim to promptly inform and work with the supplier to reach a mutually acceptable outcome. Suppliers should contact our Accounts Payable team with any questions relating to the payment of invoices.

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

NOMAD FOODS EUROPE LIMITED is a leading European frozen food company, operating in 17 countries and offering a wide range of products under various brands such as Birds Eye, Findus, and Iglo. The company was founded in 2015 and is headquartered in Feltham, United Kingdom.

The company's sustainability program is focused on reducing their environmental impact and promoting sustainable practices throughout their supply chain. They have committed to sourcing 100% of their raw materials from sustainable sources by 2025 and have implemented various initiatives to reduce waste and emissions.

NOMAD FOODS EUROPE LIMITED offers a variety of frozen food products, including vegetables, fish, poultry, and ready meals. They are dedicated to providing high-quality, convenient, and nutritious options for their customers.

The key people at NOMAD FOODS EUROPE LIMITED include the Chief Executive Officer, Stéfan Descheemaeker, and the Chief Financial Officer, Samy Zekhout. They have a team of experienced professionals who are committed to driving the company's growth and sustainability efforts.

To contact NOMAD FOODS EUROPE LIMITED, customers can visit their website at www.nomadfoods.com or reach out to their registered office at No. 1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, TW14 8HA, United Kingdom. Overall, NOMAD FOODS EUROPE LIMITED is a leading European frozen food company with a strong focus on sustainability and providing high-quality products to their customers.

Financial Metrics

Cash
£255,309,389
Net Worth
£1,686,757,248
Total Current Assets
£1,517,895,283
Total Current Liabilities
£930,993,509

Company Location