EDIBLE OILS LTD

PaymentCheck Score 2024
45Poor
9.2vs last year
#4686 in UK
#167 in Unknown

Company Information

Company Number
05309847
Registered Address
6th Floor, Royal Liver Building, Pier Head, Liverpool, L3 1NX
Status
Active
Employee Count
228
Turnover
£312,319,000
EBITDA
£14,979,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 December 2004
Nature of Business
10410 - Manufacture of oils and fats
Industries
Food And Drink
Region
UnknownNot specified in payment practices report

Time to Pay

Average Time to Pay
52 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
17%
31-60 Days
56%
After 60 Days
26%
Not Paid Within Terms23%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-05-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2023 - 31 Mar 202426 May 20245217%56%26%23%
01 Apr 2023 - 30 Sept 202301 Nov 20234829%56%15%16%
01 Oct 2022 - 31 Mar 202326 May 20234624%58%18%7%
01 Apr 2022 - 30 Sept 202201 Nov 20224623%59%18%7%
01 Oct 2021 - 31 Mar 202229 Apr 20224627%61%12%7%
01 Apr 2021 - 30 Sept 202129 Oct 20214629%59%12%6%
01 Oct 2020 - 31 Mar 202126 Apr 20214235%56%9%2%
01 Apr 2020 - 30 Sept 202030 Oct 20204526%62%12%4%
01 Oct 2019 - 31 Mar 202030 Apr 20204629%57%14%7%
01 Apr 2019 - 30 Sept 201929 Oct 20194918%66%16%16%
01 Oct 2018 - 31 Mar 201902 May 20195122%58%20%14%
01 Apr 2018 - 30 Sept 201830 Oct 20184818%69%13%9%

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

Price shall be payable by Princes to the Seller before expiry of 60 days from the date of delivery.

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

Dispute Resolution Process

Our standard conditions of purchase require that before resorting to legal proceedings the parties shall attempt to amicably resolve any dispute arising out of or relating to the contract through negotiations.

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

EDIBLE OILS LTD is an active private limited company specialising in the edible oils sector.

The company was incorporated on 10 December 2004, operating under company number 05309847. Its registered office is located at 6th Floor, Royal Liver Building, Pier Head, Liverpool, L3 1NX.

Companies operating within the edible oils sector typically engage in the sourcing, processing, and distribution of a diverse range of cooking oils and fats. These products serve various markets, including food manufacturers, the catering industry, and retail consumers across the UK.

Financial Metrics

Cash
£8,600,000
Net Worth
£80,200,000
Total Current Assets
£83,400,000
Total Current Liabilities
£42,200,000

Company Location