ADM ARKADY LIMITED

Company number: 00904957

Reporting period:
1 January 2018 to 30 June 2018

---

This report was filed on 25 July 2018

and approved by Paul W. Briggs

Payment statistics

Average time taken to pay invoices: 10 days

Invoices paid:

• within 30 days: 97%
• in 31 to 60 days: 3%

Invoices due but not paid within agreed terms: 4%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Commodity invoices are paid on presentation of documents of title. Other invoices are paid by mutual agreement with supplier

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Step 1: Supplier disputes/complaints will be resolved by Accounts Payable staff within one week of first notification; Step 2: If Accounts Payable staff are not able to resolve a dispute the matter is passed to the commercial manager responsible for the purchase in question. This should not exceed a further two weeks; Step 3: If Steps 1 and 2 are not successful in resolving a dispute the matter is referred to the Finance Director which should produce a resolution within one month of first notification; Step 4: If Steps 1 - 3 are not successful in resolving the dispute: (i) Commodity purchase disputes may be referred to arbitration in accordance with specific contractual terms; (ii) Any other matters would be resolved through due legal processes.

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.

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