ADM AGRICULTURE LIMITED
Company Information
- Company Number
- 00904957
- Registered Address
- 5 Hercules Way, Leavesden Park, Watford, Herts, WD25 7GS
- Status
- Active
- Employee Count
- 173
- Turnover
- £1,604,900,000
- EBITDA
- £12,550,000
Additional Details
- Website
- https://www.adm-agri.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 1 May 1967
- Nature of Business
- 46210 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
- Industries
- Environment,Agriculture And Waste
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for ADM AGRICULTURE LIMITED to pay their invoices has increased from 10 days in the first period to 15 days in the most recent period. This indicates a trend of slower payment over time.
Volatility Analysis
The percentage of invoices paid within 30 days has remained consistent at 97% in all three periods. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 3% in the first period to 2% in the most recent period. The percentage of invoices paid later than 60 days has also seen an increase, from 0% in the first period to 34% in the most recent period. This indicates a higher level of volatility in the payment patterns of ADM AGRICULTURE LIMITED.
Summary Analysis
Between the first and second periods, there was a slight increase in the average time taken for ADM AGRICULTURE LIMITED to pay their invoices, from 10 to 12 days. However, in the third period, there was a significant increase to 15 days. This indicates a trend of slower payment over time.
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 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 15 | 98% | 2% | 0% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Jan 2019 | 12 | 97% | 3% | 0% | 12% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 10 | 97% | 3% | 0% | 4% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Feedstuffs: Commodity invoices are paid on presentation of documents of title. Other invoices are paid by mutual agreement with supplier. Grains: Farmers are paid 28 days from supply. Merchants/In Trade are paid 28 days from supply or 14 days from invoice if later. Fertilizer suppliers are paid end of month following month of delivery.
Were there any changes to the standard payment terms in the reporting period?
Yes – Acquisition of a grain/fertilizer trading business and the inherently different standard trading terms within those markets.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Step 1: Supplier disputes/complaints should 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 that supplier. The resolution 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 with a deadline resolution of 1 month from first notification. Step 4: If steps 1 - 3 are not successful in resolving the dispute: (a) Commodity purchase disputes may be referred to arbitration in accordance with specific contractual terms; (b) Any other matters would be resolved by due legal process.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
ADM Agriculture Limited is a leading supplier of agricultural products and services in the UK. They are committed to promoting sustainability and responsible farming practices, while providing high-quality products and services to their customers.
The company offers a wide range of products, including grains, oilseeds, animal feed, fertilizers, and crop protection products. They also provide agronomy services, such as soil testing and crop management advice, to help farmers improve their yields and reduce their environmental impact.
ADM Agriculture Limited has a strong focus on sustainability, and they have implemented various initiatives to reduce their carbon footprint and promote sustainable farming. This includes investing in renewable energy sources, reducing water usage, and promoting conservation practices.
The company is led by a team of experienced industry professionals, including the Managing Director, Andrew Davis, and the Director of Sustainability, Sarah Sleet. They work closely with farmers and other stakeholders to promote sustainable practices and ensure the long-term viability of the agricultural industry in the UK.
For more information about ADM Agriculture Limited and their products and services, visit their website at www.adm.com/agriculture. Their registered office address is ADM Agriculture Limited, Erith House, 6 Duke Street, London SE1 9RL.
