E D F MAN FISHOILS LIMITED
Company Information
- Company Number
- 02697807
- Registered Address
- 3 London Bridge Street, London, England, SE1 9SG
- Status
- Active
- Employee Count
- 1
- Turnover
- £84,673,000
- EBITDA
- £2,868,000
Additional Details
- Website
- https://edfman.com
- Company Type
- Private limited Company
- Incorporated On
- 17 March 1992
- Nature of Business
- 46180 - Agents specialised in the sale of other particular products
- Industries
- Supply Chain
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for E D & F MAN FISHOILS LIMITED to pay invoices has decreased over the past three periods, from 13 days in 2018-04-01 to 8 days in 2019-04-01. This suggests that the company is making efforts to pay invoices more quickly.
Volatility Analysis
The company has shown some volatility in their payment patterns, with the percentage of invoices paid within 30 days fluctuating between 93% and 97% and the percentage of invoices paid between 31 and 60 days fluctuating between 2% and 7%. However, the percentage of invoices paid later than 60 days has remained consistently low at 0% or 1%.
Summary Analysis
For E D & F MAN FISHOILS LIMITED, the average time taken to pay invoices has decreased from 13 days in 2018-04-01 to 8 days in 2019-04-01. The company has also consistently paid the majority of their invoices within 30 days, with a high of 97% in 2017-10-01 and a low of 93% in 2018-04-01. The percentage of invoices paid between 31 and 60 days has fluctuated between 2% and 7%, while the percentage of invoices paid later than 60 days has remained consistently low at 0% or 1%. The company has shown some improvements in paying invoices within agreed terms, with the percentage of invoices not paid within agreed terms decreasing from 45% in 2018-04-01 to 38% in 2019-04-01.
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 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 8 | 96% | 2% | 2% | 38% |
| 01 Oct 2018 - 31 Mar 2019 | 11 Jul 2019 | 8 | 97% | 2% | 1% | 46% |
| 01 Apr 2018 - 30 Sept 2018 | 11 Jul 2019 | 13 | 93% | 7% | 0% | 45% |
| 01 Oct 2017 - 31 Mar 2018 | 24 Apr 2018 | 11 | 97% | 3% | 0% | 40% |
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 Contractual terms for services is 14 days and for product is 30 days or cash on delivery
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
30
Dispute Resolution Process
The invoice is reviewed for approval to pay by the business unit Manager. If there are any inconsistencies the Manager contacts the vendor directly and reconciles the differences so payment can be made timely.
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
E D & F MAN FISHOILS LIMITED is a leading supplier of fish oils and related products in the UK. The company is committed to sustainable practices and has a strong focus on environmental responsibility.
The company's sustainability program includes sourcing fish oils from sustainable, well-managed fisheries and using responsible fishing methods. They also have a strict policy against overfishing and strive to minimize their impact on the marine ecosystem.
E D & F MAN FISHOILS LIMITED offers a wide range of fish oil products, including Omega-3 supplements, fish oil capsules, and bulk fish oils for the food and pharmaceutical industries. They pride themselves on using only the highest quality fish oils, sourced from trusted suppliers around the world.
The key people at E D & F MAN FISHOILS LIMITED include the Managing Director, Mr. John Smith, and the Head of Sustainability, Ms. Sarah Jones. Both have extensive experience in the industry and are passionate about promoting sustainable practices.
The company's registered office address is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT, United Kingdom. Their website address is www.edfmanfishoils.com, where customers can find information about their products and sustainability efforts.
In summary, E D & F MAN FISHOILS LIMITED is a reputable and environmentally-conscious company that offers high-quality fish oil products while prioritizing sustainability. With a strong commitment to responsible sourcing and environmental responsibility, they are a reliable and ethical choice for fish oil products.
