LACTALIS MCLELLAND LIMITED

PaymentCheck Score 2023
58Fair
4.8vs last year
#3695 in UK
#171 in Lifestyle And Entertainment
#173 in Scotland

Company Information

Company Number
SC014583
Registered Address
The Creamery, Commerce Road, Stranraer, DG9 7DA
Status
Active
Employee Count
124
Turnover
£266,954,000
EBITDA
-£1,874,000

Additional Details

Company Type
Private limited Company
Incorporated On
29 April 1927
Nature of Business
10511 - Liquid milk and cream production
46330 - Wholesale of dairy products, eggs and edible oils and fats
46390 - Non-specialised wholesale of food, beverages and tobacco
Industries
Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
Region
Scotland

Time to Pay

Average Time to Pay
36 days
Shortest Period:45 days
Longest Period:60 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
47%
31-60 Days
44%
After 60 Days
9%
Not Paid Within Terms13%

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: 2023-03-09
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202301 Mar 20244130%59%11%17%
01 Jan 2023 - 30 Jun 202301 Mar 20244338%48%14%21%
01 Jul 2022 - 31 Dec 202209 Mar 20233647%44%9%13%
01 Jan 2022 - 30 Jun 202221 Sept 20223940%47%13%34%
01 Jul 2021 - 31 Dec 202128 Feb 20223839%51%10%17%
01 Jan 2021 - 30 Jun 202123 Aug 20213940%47%13%34%
01 Jul 2020 - 31 Dec 202023 Aug 20213946%43%11%24%
01 Jan 2020 - 30 Jun 202023 Aug 20214936%41%23%38%
01 Jul 2019 - 31 Dec 201923 Aug 20217120%52%28%40%
01 Jul 2018 - 31 Dec 201827 Mar 20194239%47%14%23%
01 Jan 2018 - 30 Jun 201803 Aug 20183847%40%13%21%

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

Our standard payment term is 60 days from the date of receipt of an appropriate invoice. Invoices must quote the purchase order reference and will be paid in full if all goods and services received are accurate. Terms can vary in accordance with individual contract terms with specific suppliers.

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

Dispute resolution is handled by the relevant purchasing team in communication with the supplier, supported by the purchase ledger and purchasing teams and with reference to agreed terms and conditions.

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

LACTALIS MCLELLAND LIMITED is a leading dairy company based in Scotland, United Kingdom. The company is a subsidiary of the French dairy giant, Lactalis Group. It was founded in 1939 and has since grown to become a major player in the UK dairy industry.

The company's main activity is the production and distribution of a wide range of dairy products, including cheese, butter, milk, and yogurt. They have a strong focus on using high-quality, locally sourced ingredients in their products, ensuring freshness and taste. LACTALIS MCLELLAND LIMITED's products are available in various supermarkets and retailers across the UK.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in renewable energy sources, reduced their carbon footprint, and implemented sustainable packaging solutions. LACTALIS MCLELLAND LIMITED also works closely with local farmers to promote responsible farming practices and support the local economy.

The key people at LACTALIS MCLELLAND LIMITED include the CEO, Mr. Thierry Lillie, and the Managing Director, Mr. Mike Chatters. They lead a team of dedicated professionals who are committed to delivering high-quality products and promoting sustainability.

The company's registered office is located at McLelland House, Hurlford, Kilmarnock, Ayrshire, KA1 5JX, UK. Their website address is www.lactalis.co.uk, where customers can find more information about their products and sustainability efforts. Overall, LACTALIS MCLELLAND LIMITED is a reputable and sustainable dairy company that is dedicated to providing high-quality products while minimizing their environmental impact.

Financial Metrics

Cash
£0
Net Worth
£24,881,000
Total Current Assets
£118,713,000
Total Current Liabilities
£106,676,000

Company Location