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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
197
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
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
This company is the UK-registered entity within the ADM group, a global agribusiness headquartered in Chicago. Its registered SIC codes cover wholesale of grain, unmanufactured tobacco, seeds and animal feeds, alongside head office activities, indicating it operates as part of ADM's UK operations and administrative structure rather than as an independent trading business. The wider ADM group purchases, transports and processes crops, connecting farmers to consumers, and produces food, animal feed, industrial and biofuel products from agricultural commodities. Group activities include farmer partnerships, global transportation and logistics, and manufacturing of nutrition and biosolutions products. This UK company forms part of that international supply chain and head-office network rather than conducting the group's worldwide production itself.
Generated from the company's website and Companies House records. Sources: adm.com · adm.com