MCCORMICK (UK) LIMITED

PaymentCheck Score 2025
33Poor
5.6vs last year
#4322 in UK
#172 in Commerce Models
#200 in Scotland

Company Information

Company Number
SC015262
Registered Address
Exchange Tower, 19 Canning Street, Edinburgh, Scotland, EH3 8EH
Status
Active
Employee Count
852
Turnover
£390,990,000
EBITDA
-£5,721,000

Additional Details

Company Type
Private limited Company
Incorporated On
29 September 1928
Nature of Business
10840 - Manufacture of condiments and seasonings
Industries
Commerce Models, Distribution And Delivery, Food And Drink, Supply Chain, Manufacturing And Commerce Models
Region
Scotland

Time to Pay

Average Time to Pay
81 days
Shortest Period:30 days
Longest Period:180 days
Max Contractual:180 days

Payment Timeline

Within 30 Days
14%
31-60 Days
26%
After 60 Days
60%
Not Paid Within Terms40%

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: 2025-01-15
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Dec 2024 - 31 May 202501 Jul 20256414%24%62%36%
01 Jun 2024 - 30 Nov 202415 Jan 20258114%26%60%40%
01 Dec 2023 - 31 May 202428 Jun 20247016%23%61%51%
01 Jun 2023 - 30 Nov 202311 Dec 20237419%26%55%51%
01 Dec 2022 - 31 May 202330 Jun 20237912%24%64%68%
01 Dec 2021 - 31 May 202230 Jun 20227013%30%57%73%
01 Jun 2021 - 30 Nov 202123 Dec 20217111%25%64%72%
01 Dec 2020 - 31 May 202122 Jun 20216214%27%59%70%
01 Jun 2020 - 30 Nov 202018 Dec 20206316%31%53%69%
01 Dec 2018 - 31 May 201928 Jun 20196218%36%46%73%

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

McCormick UK Ltd has over 60 payment codes currently being used. Net 60 days is the most common (17% of all invoices in reporting period), followed by Net 120 days (16% of all invoices in reporting)

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

The average number of payment days does not consider the reduced payment term for our vendors under our supplier vendor financing which is on average 10 days.

Maximum contractual payment period agreed

180

Dispute Resolution Process

McCormick UK Ltd has a dedicated Accounts Payable Shared Service Centre to address business inquiries relating to invoice and payment processing. The service centre can be contacted via email or phone. The centre 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

McCormick (UK) Limited is a leading food and flavor company based in the United Kingdom. The company is committed to sustainability and has implemented various programs to reduce its environmental impact and support local communities.

Their sustainability program focuses on three key areas: responsible sourcing, reducing carbon footprint, and supporting communities. They work closely with their suppliers to ensure ethical and sustainable sourcing of ingredients, as well as reducing waste and emissions in their operations. The company also supports local communities through various initiatives, such as donating food and volunteering in local projects.

McCormick (UK) Limited offers a wide range of products and services, including herbs, spices, seasonings, and sauces. They are known for their high-quality products, with a focus on using natural ingredients and avoiding artificial additives. The company also offers recipe ideas and cooking tips on their website, making it a one-stop-shop for all culinary needs.

The key people at McCormick (UK) Limited include the President of McCormick Europe, Middle East and Africa, Malcolm Swift, and the Managing Director of McCormick UK, Phil Smith. Their expertise and leadership have contributed to the company's success and commitment to sustainability.

If you wish to contact McCormick (UK) Limited, you can visit their website at www.mccormick.co.uk. Their registered office address is Haddenham Business Park, Pegasus Way, Haddenham, Aylesbury, Buckinghamshire, HP17 8LB. Overall, McCormick (UK) Limited is a responsible and innovative company, dedicated to providing high-quality products while making a positive impact on society and the environment.

Financial Metrics

Cash
£956,000
Net Worth
£182,172,000
Total Current Assets
£128,663,000
Total Current Liabilities
£115,060,000

Company Location