THE FIRST MILK CHEESE COMPANY LIMITED

PaymentCheck Score 2025
50Fair
2.3vs last year
#3599 in UK
#160 in Lifestyle And Entertainment
#281 in North West

Company Information

Company Number
05893846
Registered Address
The Lake District Creamery Station Road, Aspatria, Wigton, Cumbria, CA7 2AR
Status
Active
Employee Count
169
Turnover
£337,451,000
EBITDA
£3,918,000

Additional Details

Company Type
Private limited Company
Incorporated On
2 August 2006
Nature of Business
10512 - Butter and cheese production
Industries
Lifestyle And Entertainment
Region
North West

Time to Pay

Average Time to Pay
54 days
Shortest Period:14 days
Longest Period:75 days
Max Contractual:75 days

Payment Timeline

Within 30 Days
27%
31-60 Days
54%
After 60 Days
19%
Not Paid Within Terms8%

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: 2025-04-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202531 Oct 20254714%66%20%7%
01 Oct 2024 - 31 Mar 202525 Apr 20255427%54%19%8%
01 Oct 2023 - 31 Mar 202424 Apr 20244620%60%20%2%
01 Apr 2023 - 30 Sept 202324 Oct 20234621%58%21%1%
01 Apr 2022 - 30 Sept 202226 Oct 20224519%64%17%2%
01 Apr 2021 - 30 Sept 202129 Oct 20215113%67%20%91%
01 Oct 2020 - 31 Mar 202130 Apr 2021625%67%27%97%
01 Apr 2019 - 30 Sept 201931 Oct 20194223%64%13%92%

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

The purchaser shall pay each invoice submitted by the supplier within 45 days of the date of invoice unless the parties otherwise agree in writing.

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

75

Dispute Resolution Process

If any dispute arises out of the Contract the parties will attempt to settle it by negotiation within 90 days of the dispute arising, which failing the parties shall attempt to settle it by mediation in accordance with the Centre for Dispute Resolution Model Mediation procedure. No party may commence any court proceedings in relation to any dispute arising from a Contract until they have attempted to settle it by mediation and that mediation has terminated.

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

The First Milk Cheese Company Limited is a British dairy company that specializes in the production of high-quality cheeses. Established in 1996, the company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.

Their sustainability program includes using renewable energy sources, reducing waste and emissions, and supporting local farmers. They also have a dedicated team that works towards enhancing biodiversity and protecting the environment.

The company offers a wide range of award-winning cheeses, including cheddar, blue, and soft cheeses, made from locally sourced milk. They also have a range of organic cheeses, catering to the growing demand for sustainable and ethical products.

The key people at The First Milk Cheese Company Limited include the Chairman, Martin Kennedy, and the Chief Executive Officer, Shelagh Hancock, who lead the company's operations and strategic direction.

For more information about their products and sustainability efforts, interested parties can visit their website at www.firstmilk.co.uk. The company's registered office address is located at First Milk Cheese Company Limited, Pineapple Park, Roadhead, Carlisle, Cumbria, CA6 6HH, United Kingdom.

Financial Metrics

Cash
£5,139,000
Net Worth
£23,675,000
Total Current Assets
£108,759,000
Total Current Liabilities
£62,036,000

Company Location