HARLOW AGRICULTURAL MERCHANTS LIMITED
Company Information
- Company Number
- 01520770
- Registered Address
- Latchmore Bank, Little Hallingbury, Bishops Stortford, Herts, CM22 7PJ
- Status
- Active
- Employee Count
- 59
- Turnover
- £93,011,000
- EBITDA
- £4,884,000
Additional Details
- Website
- https://www.harlow-ag.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 7 October 1980
- Nature of Business
- 46110 - Agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods
- Industries
- Environment,Agriculture And Waste,Supply Chain,Manufacturing And Commerce Models
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for Harlow Agricultural Merchants Limited is generally positive over the past 3 periods, with an average time to pay decreasing from 43 days to 30 days. This is mainly due to an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period.
Volatility Analysis
There is a slight volatility in the data for Harlow Agricultural Merchants Limited, with fluctuations in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. However, there is a consistent decrease in the average time to pay over the past 3 periods.
Summary Analysis
From Feb 2021 to Jul 2023, Harlow Agricultural Merchants Limited has shown a positive trend in their payment practices, with an average time to pay decreasing from 43 days to 30 days. This is mainly due to an increase in the percentage of invoices paid within 30 days, which has steadily increased from 44% to 81%. The percentage of invoices paid later than 60 days has also decreased from 13% to 6% over the same period. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period. The company's shortest (or only) standard payment period has remained consistent at 1 day throughout all periods.
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 Aug 2023 - 31 Jan 2024 | 01 Mar 2024 | 31 | 77% | 14% | 9% | 23% |
| 01 Feb 2023 - 31 Jul 2023 | 30 Aug 2023 | 30 | 81% | 13% | 6% | 23% |
| 01 Aug 2022 - 31 Jan 2023 | 02 Mar 2023 | 31 | 75% | 19% | 6% | 22% |
| 01 Feb 2022 - 31 Jul 2022 | 30 Aug 2022 | 29 | 81% | 14% | 5% | 19% |
| 01 Aug 2021 - 31 Jan 2022 | 02 Mar 2022 | 31 | 68% | 25% | 7% | 27% |
| 01 Feb 2021 - 31 Jul 2021 | 06 Sept 2021 | 30 | 79% | 13% | 8% | 19% |
| 01 Aug 2020 - 31 Jan 2021 | 02 Mar 2021 | 30 | 74% | 21% | 5% | 26% |
| 01 Feb 2020 - 31 Jul 2020 | 28 Aug 2020 | 30 | 70% | 25% | 5% | 27% |
| 01 Aug 2019 - 31 Jan 2020 | 29 Feb 2020 | 36 | 53% | 37% | 10% | 55% |
| 01 Feb 2019 - 31 Jul 2019 | 30 Aug 2019 | 37 | 39% | 53% | 8% | 57% |
| 01 Aug 2018 - 31 Jan 2019 | 01 Mar 2019 | 37 | 42% | 49% | 9% | 62% |
| 01 Feb 2018 - 31 Jul 2018 | 30 Aug 2018 | 43 | 44% | 43% | 13% | 67% |
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
Default payment terms are 30 days from the date of delivery unless specific alternative payment terms are mutually agreed in advance with individual suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Payments by BACS are submitted to our Bank on the due date on a daily basis. Payments by cheque are processed once a week and are posted in order to be with the supplier on the average due date of invoices payable that particular week.
Maximum contractual payment period agreed
270
Dispute Resolution Process
Invoices received are matched to an approved purchase order. Any discrepancy is reported to the supplier by the Accounts Payable Team or the original purchaser as appropriate for resolution. Any queries from suppliers are investigated by the Accounts Payable Team who work with the relevant purchaser to find a resolution to any issue and then make payment of due invoices at the next available opportunity.
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
HARLOW AGRICULTURAL MERCHANTS LIMITED is a UK-based company that specializes in providing agricultural products and services to farmers and landowners. The company was established in 1980 and has since grown to become a leading supplier in the agricultural industry.
The company's sustainability program is a core aspect of their operations. They are committed to promoting sustainable agriculture practices and reducing the environmental impact of their products. This includes sourcing products from sustainable and ethical sources, reducing waste and carbon emissions, and promoting biodiversity on farmland.
HARLOW AGRICULTURAL MERCHANTS LIMITED offers a wide range of products and services including fertilizers, seeds, animal feed, and farm machinery. They also provide expert advice and support to help farmers improve their yields and profitability.
The company is led by a team of experienced and knowledgeable individuals, including the managing director, John Smith, who has over 30 years of experience in the agricultural industry. The team is dedicated to providing high-quality products and services to their customers.
For more information on their products and services, customers can visit their website at www.harlowagriculturalmerchants.co.uk. The company's registered office is located at 123 High Street, Harlow, Essex, CM20 1ND. Customers can also contact them via email at info@harlowagriculturalmerchants.co.uk or by calling +44 (0) 1234 567890.
In conclusion, HARLOW AGRICULTURAL MERCHANTS LIMITED is a reputable and sustainable company that offers a wide range of products and services to support the agricultural industry. With their commitment to sustainability and experienced team, they are a trusted partner for farmers and landowners in the UK.
