Industry ranking
| 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 Oct 2023 - 31 Mar 2024 | 26 May 2024 | 52 | 17% | 56% | 26% | 23% |
| 01 Apr 2023 - 30 Sept 2023 | 01 Nov 2023 | 48 | 29% | 56% | 15% | 16% |
| 01 Oct 2022 - 31 Mar 2023 | 26 May 2023 | 46 | 24% | 58% | 18% | 7% |
| 01 Apr 2022 - 30 Sept 2022 | 01 Nov 2022 | 46 | 23% | 59% | 18% | 7% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 46 | 27% | 61% | 12% | 7% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 46 | 29% | 59% | 12% | 6% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 42 | 35% | 56% | 9% | 2% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 45 | 26% | 62% | 12% | 4% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 46 | 29% | 57% | 14% | 7% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 49 | 18% | 66% | 16% | 16% |
| 01 Oct 2018 - 31 Mar 2019 | 02 May 2019 | 51 | 22% | 58% | 20% | 14% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 48 | 18% | 69% | 13% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Payment terms are end of the month, following month of invoice which is an average of 45 days
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
90
An invoice will be received in query and will be sent off to the relevant department who will resolve the query for accounts payable to process or dispute with the supplier.
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
Edible Oils Limited (EOL) is a joint venture between Archer Daniels Midland and Princes Limited. It manufactures and distributes bottled edible oils and white fats, supplying both branded and customer own-brand products to UK and mainland European markets. The company operates three production facilities, at Erith, Belvedere and Szamotuly, which specialise in the bottling and packing of edible oils. Its output includes seed oils and white fats. As a registered entity, it functions as the operating joint venture business rather than a holding company, running its own manufacturing sites and customer accounts across Europe.
Generated from the company's website and Companies House records. Sources: edibleoilsltd.com