ARCHER DANIELS MIDLAND UK LIMITED
Company Information
- Company Number
- 01090901
- Registered Address
- Church Manorway, Erith, Kent, DA8 1DL
- Status
- Active
- Employee Count
- 109
- Turnover
- £24,941,000
- EBITDA
- £5,413,000
Additional Details
- Website
- https://adm.com
- Company Type
- Private limited Company
- Incorporated On
- 15 January 1973
- Nature of Business
- 46210 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds70100 - Activities of head offices
- Industries
- Supply Chain
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for ARCHER DANIELS MIDLAND (UK) LIMITED shows a slight improvement in their payment process from 2018 to 2019, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there was an increase in the percentage of invoices not paid within agreed terms in 2019.
Volatility Analysis
The company's payment process shows a consistent pattern with minor changes in the percentage of invoices paid within different time periods. There was a slight increase in volatility in the percentage of invoices not paid within agreed terms in 2019 compared to the previous years.
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 | 29 Jul 2019 | 14 | 94% | 3% | 3% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 12 | 96% | 3% | 1% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 15 | 94% | 4% | 2% | 9% |
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
Standard Payment Period (goods) - 28 days following movement of goods Standard Payment Terms (Other) - 60 days following receipt of invoice
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
197
Dispute Resolution Process
In such cases, all matters are discussed with suppliers in the first instance as alternative arrangements may be available. If claims are progressed, source documents relating to the delivery or third party laboratories will be used to assess the outcome. - Quantity / weight queries – refer to the weighbridge ticket - Quality queries are re-tested on both sides and sent for independent analysis if no agreement can be reached
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?
No information available
Company Summary
ARCHER DANIELS MIDLAND (UK) LIMITED is a leading global food processing and commodities trading company, with a strong presence in the United Kingdom. They are committed to sustainability and have various initiatives in place to reduce their environmental impact and support local communities.
The company offers a wide range of products and services, including agricultural commodities, food ingredients, animal feed, and bioenergy. They work closely with farmers and suppliers to ensure the highest quality of their products, while also promoting sustainable farming practices.
One of their key sustainability programs is the ADM Cares program, which focuses on community development, environmental responsibility, and employee engagement. They also have various initiatives in place to reduce their carbon footprint, such as using renewable energy sources and implementing energy-efficient practices in their operations.
The key people at ARCHER DANIELS MIDLAND (UK) LIMITED include their Managing Director, Gary McGuigan, and their Operations Director, Chris Addinall. They can be contacted through their website at www.adm.com or at their registered office address: ADM House, 3rd Floor, 5 St. Helen's Place, London EC3A 6AB.
In conclusion, ARCHER DANIELS MIDLAND (UK) LIMITED is a leading food processing and commodities trading company in the UK, known for their commitment to sustainability and high-quality products. With their various initiatives and programs, they strive to make a positive impact on the environment and the communities they operate in.
