COFCO INTERNATIONAL UK LTD
Company Information
- Company Number
- 00165772
- Registered Address
- 15 The Havens, Ransomes Europark, Ipswich, England, IP3 9SJ
- Status
- Active
- Employee Count
- 99.0
- Turnover
- 277556000.0
- EBITDA
- 5628000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 March 1920
- Nature of Business
- 01610 - Support activities for crop production
- Industries
- Environment,Agriculture And Waste
- Region
- East of England
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 19 | 91% | 8% | 1% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 20 | 89% | 10% | 1% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Apr 2023 | 19 | 92% | 7% | 1% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 19 | 91% | 8% | 1% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 22 | 85% | 12% | 3% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 19 | 87% | 10% | 3% | 39% |
| 01 Jul 2020 - 31 Dec 2020 | 23 Apr 2021 | 17 | 91% | 8% | 1% | 66% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 17 | 93% | 6% | 1% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 16 | 94% | 5% | 1% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 16 | 95% | 5% | 0% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 18 | 91% | 7% | 2% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 15 | 95% | 4% | 0% | 30% |
Company Summary
COFCO INTERNATIONAL UK LTD is a leading agricultural company that is committed to sustainable practices and providing high-quality products and services
The company is part of the COFCO Corporation, one of the largest agri-food companies in the world
Their sustainability program focuses on four key areas: responsible sourcing, environmental stewardship, community engagement, and employee well-being
The company works closely with farmers and suppliers to ensure that their products are sourced ethically and sustainably
They also have various initiatives in place to reduce their environmental impact, such as implementing energy-efficient practices and using eco-friendly packaging
COFCO INTERNATIONAL UK LTD offers a wide range of products and services, including grains and oilseeds, sugar, coffee, and cocoa
They also provide risk management solutions and logistics services to their customers
Their products are used in various industries, including food and beverage, animal feed, and biofuels
The key people at COFCO INTERNATIONAL UK LTD include the Managing Director, Adrian Isman, and the Head of Sustainability, Holly Ransley
They lead a team of dedicated professionals who are passionate about sustainable agriculture and delivering high-quality products and services to their customers
For more information about COFCO INTERNATIONAL UK LTD and their sustainability efforts, you can visit their website at www.cofcointernational.com
Their registered office address is 1 New Burlington Place, London, W1S 2HR, United Kingdom
Company Review
Trend Analysis
The average time taken for COFCO INTERNATIONAL UK LTD to pay invoices has remained relatively consistent over the past three periods, ranging from 15-22 days. However, there has been a slight increase in 2021-2023 compared to 2018-2020.
Volatility Analysis
The company's percentage of invoices paid within 30 days has fluctuated between 85-95% over the past three periods. There has also been a slight increase in the percentage of invoices paid later than 60 days in 2021-2023 compared to 2018-2020. However, the percentage of invoices not paid within agreed terms has remained consistently low at 0%.
Summary Analysis
Overall, COFCO INTERNATIONAL UK LTD has maintained a relatively consistent average time to pay invoices of around 17 days over the past three periods. The company has also consistently paid the majority of their invoices within 30 days, with a slight increase in the percentage of invoices paid later than 60 days in 2021-2023. However, the percentage of invoices not paid within agreed terms has remained consistently low.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
For commodities standard payment terms are 28 days from delivery. For other services COFCO Intl UK Ltd typically pays based on the terms set by the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The Accounts Payable team offers support for query resolution by both email and telephone Monday to Friday. The team work closely with the logistics and procurement departments to endeavor to resolve queries in a timely and efficient manner. Payment queries can also be raised directly with the account manager who will work with the Accounts Payable to find a resolution.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
