Published reports

E D & F MAN SUGAR LIMITED

Company number: 00489204

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 October 2017 to 31 March 2018

Report filed on:

30 April 2018

Approved by:

SIMON HUBBLE

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Payment statistics

Average time taken to pay invoices: 5 days

Invoices paid:

• within 30 days: 100%

Late and disputed:

• payments due in the reporting period which have not been paid within the agreed period: 18%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

180 days

Standard payment terms

STANDARD CONTRACTUAL TERMS FOR GOODS AND SERVICES IS VARIED

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

No

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

180 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

THE INVOICE IS PASSED TO THE RESPONSIBLE INDIVIDUAL AUTHORISED TO ACCEPT OR REJECT THE INVOICE. IN THE CASE OF A DISPUTE THE INDIVIDUAL WILL CONTACT THE SUPPLIER TO RAISE THE QUERY. THE SUPPLIER AND THE AUTHORISING PERSON WILL RESOLVE THE DISPUTE; THE DISPUTED INVOICE WILL BE TREATED ON AN ADHOC BASIS AS ITS DEFINED BY THEIR UNDERLYING CONTRACT TERMS. ONCE RESOLUTION IS REACHED THE INVOICE WILL THEN BE CLEARED FOR PAYMENT

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.

Yes, this business has signed up to: SUGAR ASSOCIATION STANDARD OF PAYMENTS

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.

No

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.

Yes

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?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No