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Their own payment-practices filing · gov.uk

The First Milk Cheese Company Limited pays suppliers in 48 days on average — within its stated 7–75 day terms

CRN 05893846 · Manufacturing · 16 statutory reports on record · period to 31 Mar 2026

48daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 41 days past the shortest term they state (7 days), still within their 75-day upper term.

Slower than mostvs a 31-day median across 6,104 recent filers
Their stated terms
7–75 days
Paid outside agreed terms
5% of invoices
Paid after 61+ days
20%
Reporting period
1 Oct 2025 – 31 Mar 2026
Source
their gov.uk filing, filed 29 Apr 2026

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2026 filing

Paid within their stated range — 48 against 7–75 days

The pattern · last 6 of 16 reports

Holding steady around 48 days

The read · computed from their figures

The First Milk Cheese Company Limited's H1 2026 filing puts their average at 48 days against stated terms of 7–75 days; 5% of invoices were paid outside agreed terms and 20% took 61 days or longer. Filed 29 Apr 2026.

The pattern is steady — their reported average moves within about ±4 days period to period.

On the latest reported averages: Slower than 55% of the 977 large companies reporting in manufacturing.

That is 16 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

1% of invoices in dispute

In their own words · from the filing

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.

Dispute resolution

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.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026485%20%29 Apr 2026
H2 2025477%20%31 Oct 2025
H1 2025548%19%25 Apr 2025
H2 2024478%21%22 Oct 2024
H1 2024462%20%24 Apr 2024
H2 2023461%21%24 Oct 2023
H1 2023471%20%19 Apr 2023
H2 2022452%17%26 Oct 2022
H1 20224472%15%28 Apr 2022
H2 20215191%20%29 Oct 2021
H1 20216297%27%30 Apr 2021
H2 20205994%28%30 Oct 2020
H1 20204492%17%1 May 2020
H2 20194292%13%31 Oct 2019
H1 20194291%13%26 Apr 2019
H2 20185094%10%26 Oct 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
2 Aug 2006
Registered office
THE LAKE DISTRICT CREAMERY STATION ROAD, WIGTON, CA7 2AR
7 outstanding charges — secured borrowing registered Accounts due 31 Dec 2026

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 48-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 48-day vs a 7-day payment cycle.

≈ £19,000
of invoicing outstanding at any one time on a 48-day cycle — about £16,200 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · The First Milk Cheese Company Limited

Are they getting slower or faster?
Their reported average is steady — within about ±4 days period to period, around 48 days.
What's their typical pay point?
Their latest reports average around day 48, moving within about ±4 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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More large companies in manufacturing

The Cda Group Limited · The Lycra Company UK Limited · The British Pepper & Spice Company Limited · The Macallan Distillers Limited · The Benriach Distillery Company Limited · The North British Distillery Company Limited

How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-05893846 · latest period to 31 Mar 2026

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