BETA This is a new service – your feedback will help us to improve it.

E D & F MAN SUGAR LIMITED

Company number: 00489204

Reporting period:
1 April 2018 to 31 March 2019

---

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

This report was filed on 18 July 2019

and approved by P MCNOUGHER

Payment statistics

Average time taken to pay invoices: 5 days

Invoices paid:

• within 30 days: 99%
• in 31 to 60 days: 1%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 20 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

180 days

Standard payment terms

STANDARD CONTRACTUAL TERMS FOR GOODS AND SERVICES IS VARIED
LONGEST STANDARD PAYMENT PERIOD IS:
CAD 20 DAYS
INV 30 DAYS
INV 60 DAYS
LETTER OF CREDIT 180 DAYS

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

No

Maximum contractual payment period agreed

1825 days

MAXIMUM CONTRACT PAYMENT PERIOD IS MAXIMUM LENGTH OF CONTRACT, UP TO FIVE YEARS

Any other information about payment terms

N/A

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Yes – 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