E D F MAN SUGAR LIMITED
Company Details
Registration Number
00489204
Registered Address
3 London Bridge Street London England SE1 9SG
Company Status
Active
Employee Count
48
Turnover
£2,511,412,000
EBITDA
£65,183,000
Additional Information
Website
edfman.comCompany Type
Private limited Company
Incorporated on
8 December 1950
Nature of Business (SIC)
46180 - Agents specialised in the sale of other particular products
Industries
0
Region
LondonCompany Location
Financial Overview
£38,875,187
£87,132,978
Last Reporting Period
Filed
18 Jul 2019
Period
01 Apr 2018 - 31 Mar 2019
Payment Timing
Average Time to Pay
5 days
Payment Periods
Shortest
1 days
Longest
180 days
Max Contractual
1825 days
Payment Timeline
Not Paid Within Terms
20%
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 Apr 2018 - 31 Mar 2019 | 18 Jul 2019 | 5 | 99% | 1% | 0% | 20% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 5 | 100% | 0% | 0% | 18% |
Company Summary
E D & F MAN SUGAR LIMITED is a leading global sugar supplier, with a strong focus on sustainability
The company is based in London, UK and has been in operation for over 200 years
Their sustainability program, called "Green Horizons", aims to reduce their environmental impact and promote sustainable practices throughout their supply chain
This includes promoting sustainable farming methods, reducing carbon emissions, and investing in renewable energy sources
The company offers a wide range of high-quality sugar products, including raw cane sugar, white sugar, and specialty sugars
These products are used in a variety of industries, including food and beverage, pharmaceuticals, and animal feed
Key people at E D & F MAN SUGAR LIMITED include the CEO, Mark Allen, who has been with the company since 2013
The company also has a dedicated sustainability team, led by the Head of Sustainability, who oversees the implementation of their sustainability program
For contact information, their website is www.edfman.com and their registered office address is 5 New Street Square, London EC4A 3TW, United Kingdom
In summary, E D & F MAN SUGAR LIMITED is a well-established sugar supplier with a strong commitment to sustainability
Their range of high-quality sugar products, along with their sustainable practices, make them a leader in the industry
Company Review
Trend Analysis
The data shows a consistent trend of improvement in the average time to pay for E D & F MAN SUGAR LIMITED from 2017 to 2020. There has been a slight increase in the average time to pay from 5 days in 2017-2018 to 6 days in 2019-2020, but overall there has been a positive trend towards faster payment.
Volatility Analysis
The data also shows a relatively stable trend in the percentage of invoices paid within 30 days, with a consistent rate of 97-100%. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease from 1% in 2018-2019 to 0% in 2019-2020. The most significant change in volatility can be seen in the percentage of invoices paid later than 60 days, with a slight increase from 0% in 2017-2018 to 1% in 2019-2020.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
1825
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?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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.
✅
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
❌
