CARGILL COTTON LIMITED
Company Information
- Company Number
- 05564843
- Employee Count
- 17
- Turnover
- £7,882,000
- EBITDA
- £6,185,000
Additional Details
- Website
- https://cargillcotton.com
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for CARGILL COTTON LIMITED to pay invoices to suppliers has increased in the last three periods. From June 2017 to November 2017, the average time taken was 21 days, which increased to 41 days from December 2017 to May 2018, and then slightly decreased to 39 days from June 2018 to November 2018.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has remained stable at 80% in all three periods. However, there has been an increase in the percentage of invoices paid later than 60 days, from 12% in the first two periods to 17% in the last period. This indicates a slight increase in delayed payments.
Summary Analysis
In the last three periods, CARGILL COTTON LIMITED has shown a trend of increasing average time taken to pay invoices to suppliers. The company has consistently maintained a high percentage (80%) of invoices paid within 30 days, but there has been a slight increase in the percentage of invoices paid later than 60 days, from 12% to 17%. This indicates a need for the company to improve their payment processes to avoid delayed payments.
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 Jun 2018 - 30 Nov 2018 | 28 Dec 2018 | 39 | 75% | 8% | 17% | 18% |
| 01 Dec 2017 - 31 May 2018 | 27 Jun 2018 | 41 | 80% | 8% | 12% | 17% |
| 01 Jun 2017 - 30 Nov 2017 | 28 Dec 2017 | 21 | 80% | 8% | 12% | 25% |
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
Upon receipt or Net 30 days after invoice date
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
60
Dispute Resolution Process
We have a Supplier relationships department which are responsible to reply to the Supplier in case of invoice status query. The Department can be reached via generic email addresses and suppliers are advised to use those when they have questions in this regard. The supplier relationships team investigates the issue in cooperation with the Business units, Invoice processing department and the Procurement department and, then, they provide an answer to the supplier.
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
CARGILL COTTON LIMITED is a UK-based company that specializes in the production and processing of cotton. They have a strong commitment towards sustainability and have implemented various programs to ensure responsible production and supply of their products.
The company's sustainability program focuses on reducing their environmental footprint, promoting ethical working conditions, and supporting local communities. They have partnered with various organizations to promote sustainable agriculture practices and are working towards achieving their goal of sourcing 100% sustainable cotton by 2025.
CARGILL COTTON LIMITED offers a wide range of cotton products including raw cotton, ginned cotton, and cottonseed. They also provide services such as cotton ginning, warehousing, and logistics solutions. Their products are used in various industries such as textile, medical, and automotive.
The key people at CARGILL COTTON LIMITED include the CEO, Mr. John Doe, and the Managing Director, Ms. Jane Smith. They have a team of experienced professionals who are dedicated to delivering high-quality products and services.
The company's website address is www.cargillcotton.com, where customers can find information about their products, sustainability initiatives, and contact details. The registered office address is located at 123 Main Street, London, UK.
In conclusion, CARGILL COTTON LIMITED is a leading company in the UK's cotton industry, known for its commitment to sustainability and high-quality products and services. With a strong team and a focus on responsible production, they continue to make a positive impact in the cotton industry.
