| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
1825
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
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
E D & F Man Sugar Limited is a UK company within the ED&F Man Commodities group, a global soft commodities merchant established in 1783. Its registered activity is as an agent specialising in the sale of particular products, reflecting its role within the group's sugar trading division, which moves sugar from origin to destination for customers including major food and drink suppliers. The wider ED&F Man Commodities group, of which this entity forms part, sources, stores, processes, ships and distributes commodities such as sugar, coffee, molasses, animal feed, fish oils and cotton, operating across more than 40 countries. This entity itself is registered in London and remains an active company on the UK register.
Generated from the company's website and Companies House records. Sources: edfman.com · edfman.com · edfman.com