DOW AGROSCIENCES LIMITED
Company Information
- Company Number
- 02381612
- Registered Address
- Cpc2 Capital Park, Fulbourn, Cambridge, England, CB21 5XE
- Status
- Active
- Employee Count
- 121
- Turnover
- £97,008,000
- EBITDA
- £6,992,000
Additional Details
- Website
- https://www.corteva.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 9 May 1989
- Nature of Business
- 46750 - Wholesale of chemical products
- Industries
- Agriculture
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
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 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 51 | 21% | 56% | 23% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 48 | 15% | 67% | 18% | 8% |
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
30 days from invoice date 45 days from invoice date 60 days from invoice date
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
60
Dispute Resolution Process
A supplier invoice can be received either in paper or PDF format. The paper invoice will be barcoded and scanned, the PDF invoice will be uploaded into the ERP system. Invoices with a purchase order. A first pass attempt to post the invoice in the financial book of records will be executed, whereby the invoice amounts and quantities will be matched versus the purchase order. In case of discrepancies, an internal follow up will be performed with the purchase requisitioner or goods receiver for the quantity part and/or with the buyer for unit price deviations. If the discrepancy cannot be solved and are rejected by the internal partners, the invoice will be rejected and sent back to supplier with the request to issue a corrective invoice or (partial) credit note. If the discrepancy has been reviewed and proper follow up is provided to solve it, the invoice will be posted. This financial posting may be subject to an additional internal audit which will block the entry. Once the audit is performed, the block will be released and the invoice is ready for payment. Invoice without a purchase order. The invoice should at least indicate a reference or a contact person which should enable the request to review the invoice on correctness. If no reference is available, the invoice will rejected and sent back to the supplier with request to provide proper reference or contact details. If a reference or contact is available, an internal follow up will be performed to have the invoice reviewed on correctness and to acquire authorization for payment. Based on the authorization, the invoice will be posted. If no authorization can be obtained, the invoice will be rejected and sent back to supplier with the request to issue a corrective invoice or (partial) credit note. This financial posting may be subject to an additional internal audit which will block the entry. Once the audit is performed, the block will be released and the invoice is ready for payment. The payment due date of the invoice is calculated based on the agreed upon payment terms. Once the due date is reached, the invoice will be selected for payment.
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.
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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
DOW AGROSCIENCES LIMITED is a leading agricultural company that focuses on providing sustainable solutions for farmers and consumers. The company is a subsidiary of the multinational chemical corporation, Dow Chemical Company.
The sustainability program of DOW AGROSCIENCES LIMITED is centered around their commitment to improving the environment and the lives of farmers and communities. They have set ambitious goals to reduce their carbon footprint and water usage, as well as promote sustainable agriculture practices.
The company offers a wide range of products and services to help farmers increase crop yields, improve pest and disease control, and enhance the quality of their produce. Their products include herbicides, insecticides, fungicides, and seed technologies, all designed to be environmentally friendly and effective.
Key people at DOW AGROSCIENCES LIMITED include Tim Hassinger, the President and CEO, who has over 35 years of experience in the agricultural industry, and Jim Fitterling, the Chief Operating Officer, who is responsible for the company's global operations.
To learn more about DOW AGROSCIENCES LIMITED and their products and services, you can visit their website at www.dowagro.com. Their registered office address is at Diamond House, Lotus Park, Kingsbury Crescent, Staines-upon-Thames, TW18 3AG, United Kingdom.
