Meadow Foods

Read time: 3 mins        Added date: 15/08/2024
 

Lloyds Bank Gem®: Offering the ingredients for success

From ice-cream and chocolate crumb to milk and butter, Meadow Foods is a leading supplier of food ingredients. Established over 30 years ago, Meadow Foods supply some of the UK’s biggest and best-loved food brands that line supermarket shelves. Given the size, status and complexity of the business, Meadow Foods required a banking partner that could fully support their current and future banking needs – a role that Lloyds Bank was able to fulfil.

Catering to complexity 

Meadow Foods transitioned to Lloyds Bank in early 2024. After taking time to understand Meadow Foods’ business, the team at Lloyds Bank has supported them with the transition to Lloyds Bank Gem, a future-proofed cash management and payments platform. Lloyds Bank Gem is a fully API-enabled platform which combines cloud computing with data-led solutions to provide clients with the control and flexibility to conduct their cash management activities.

The onboarding process to Lloyds Bank Gem was swift and smooth, with the specialist Gem Onboarding and Servicing team underpinning the entire transitional journey and ensuring that Meadow Foods received the right level of support to acclimatise to the new platform. 

“Lloyds Bank has offered support through every step of the transition and has gone the extra mile to ensure that our operations functioned as usual during the transition.”

Maria Neeve, Chief Financial Officer, Meadow Foods

Prioritising payments 

As a business with complex supply chains and international clients, it was imperative for Meadow Foods to make and receive payments almost instantly. Lloyds Bank Gem supported Meadow Foods by delivering a seamless payment experience. 

Meadow Foods also found that making international payments was easier through the platform. Lloyds Bank Gem can support payments across 39 currencies and maintains direct membership of clearing schemes in the UK and Euro areas, as well as offering comprehensive Foreign Exchange (FX) services.

“Technologically-enhanced solutions are at the heart of Lloyds Bank’s offering, and it’s excellent to see our clients, such as Meadow Foods, benefit from the support and solutions we can offer,” said Hayden Kaya, Director, Global Transaction Solutions Sales at Lloyds Bank. “Through a deep and thorough understanding of our client’s transaction banking needs, we can recommend solutions that will cut straight to the centre of their challenges, while also helping our clients to keep pace with the rapidly evolving UK payments landscape.”

Lloyds Bank Gem

New regulations, evolving technology and increasing customer expectations are driving changes in payments. To meet these new challenges, we’ve developed a new cash management and payments platform, Lloyds Bank Gem.

More about Lloyds Bank Gem

Important legal information

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH.

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.