Published reports

E D & F MAN FISHOILS LIMITED

Company number: 02697807

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

Reporting period:

1 October 2018 to 31 March 2019

Report filed on:

11 July 2019

Approved by:

KEITH BAYFIELD

Payment statistics

Average time taken to pay invoices: 8 days

Invoices paid:

  • within 30 days: 97%
  • in 31 to 60 days: 2%
  • in 61 days or more: 1%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 46%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

30 days

Standard payment terms

STANDARD CONTRACTUAL TERMS FOR SERVICES IS 14 DAYS AND FOR PRODUCT IS 30 DAYS OR CASH ON DELIVERY

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

30 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

THE INVOICE IS REVIEWED FOR APPROVAL TO PAY BY THE BUSINESS UNIT MANAGER. IF THERE ARE ANY INCONSISTENCIES THE MANAGER CONTACTS THE VENDOR DIRECTLY AND RECONCILES THE DIFFERENCES SO THAT PAYMENT CAN BE MADE TIMELY.

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.

No, this business has not signed up to a code of conduct or standards on payment practices.

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.

No

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