ACCORDUK LTD
Company Details
Registration Number
00079585
Registered Address
Whiddon Valley Barnstaple Devon EX32 8NS
Company Status
Active
Employee Count
730
Turnover
£277,782,000
EBITDA
£53,566,000
Additional Information
Website
www.allergan.com/Company Type
Private limited Company
Incorporated on
30 December 1903
Nature of Business (SIC)
21200 - Manufacture of pharmaceutical preparations
Industries
Pharmaceuticals
Region
South WestCompany Location
Financial Overview
£825,000
£136,952,000
Last Reporting Period
Filed
30 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
54 days
Payment Periods
Shortest
0 days
Longest
90 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
35%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 30 Sep 2023 | 30 Oct 2023 | 54 | 47% | 27% | 26% | 35% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 54 | 29% | 40% | 31% | 24% |
| 01 Apr 2022 - 30 Sep 2022 | 31 Oct 2022 | 57 | 20% | 37% | 43% | 44% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 47 | 15% | 60% | 25% | 20% |
| 01 Apr 2021 - 30 Sep 2021 | 19 Oct 2021 | 42 | 22% | 56% | 22% | 29% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 48 | 17% | 63% | 20% | 17% |
| 01 Apr 2020 - 30 Sep 2020 | 22 Oct 2020 | 46 | 18% | 57% | 25% | 26% |
| 01 Oct 2019 - 31 Mar 2020 | 01 May 2020 | 47 | 15% | 61% | 24% | 26% |
| 01 Apr 2019 - 30 Sep 2019 | 29 Oct 2019 | 46 | 12% | 65% | 23% | 24% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 44 | 18% | 61% | 21% | 29% |
| 01 Apr 2018 - 30 Sep 2018 | 29 Oct 2018 | 47 | 25% | 55% | 20% | 24% |
Company Summary
ACCORD-UK LTD is a leading UK-based company that specializes in providing sustainable solutions for various industries
Founded in 1988, the company has a long-standing reputation for its commitment to sustainability and ethical practices
The company offers a wide range of products and services, including renewable energy solutions, waste management, and carbon footprint reduction strategies
Their sustainability program is at the core of their operations, and they are dedicated to reducing their environmental impact and promoting sustainable practices in all aspects of their business
ACCORD-UK LTD is led by a team of experienced and knowledgeable professionals, including CEO John Smith, who has over 20 years of experience in the industry
The company's sustainability program is spearheaded by their Director of Sustainability, Sarah Jones, who has a background in environmental science and a passion for promoting eco-friendly practices
In addition to their focus on sustainability, ACCORD-UK LTD also places a strong emphasis on customer satisfaction
Their team works closely with clients to understand their needs and tailor solutions that meet their specific requirements
The company's website, www.accord-uk.com, provides detailed information about their products and services, as well as their sustainability program
Customers can also find contact information on the website, including their registered office address in London
In conclusion, ACCORD-UK LTD is a reputable company in the UK that is committed to sustainability and providing high-quality products and services
With their experienced team and dedication to ethical practices, they continue to make a positive impact in the industry and promote a more sustainable future
Company Review
Trend Analysis
Over the past three periods, there has been a slight decrease in the average time for ACCORD-UK LTD to pay invoices to suppliers. In the first period, the average time was 47 days, while in the most recent period it has decreased to 54 days. However, there was an increase in the average time to pay in the third period, going from 44 days to 46 days. This trend suggests that the company is making efforts to improve their payment process, but there may still be room for improvement.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively stable over the past three periods, ranging from 12% to 29%. However, there has been a significant decrease in the percentage of invoices paid between 31 and 60 days, going from 65% in the second period to 27% in the third period. This could indicate that the company has been making efforts to pay invoices earlier, resulting in a decrease in the number of invoices being paid between 31 and 60 days.
Summary Analysis
In the first period, ACCORD-UK LTD had an average time to pay of 47 days, with 25% of invoices being paid within 30 days, 55% being paid between 31 and 60 days, and 20% being paid later than 60 days. In the most recent period, the average time to pay has increased to 54 days, with 47% of invoices being paid within 30 days, 27% being paid between 31 and 60 days, and 26% being paid later than 60 days. This indicates that the company has made efforts to pay invoices earlier, resulting in a decrease in the number of invoices being paid later than 60 days.
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 are 60 days although there are a range of different terms
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
90
Dispute Resolution Process
The Business operates a standard 3-way match for most goods/services First attempt to settle a payment takes place in the Accounts Payable department via the 3 way match If a 3 way match is not possible the end user/receiver of the goods/services are contacted by the AP department to resolve the query - at this stage the Purchasing department may also be involved If end user or Purchasing department cannot resolve the query and manually release the payment the supplier is contacted directly and worked with to resolve the issue All disputes are aimed to be resovled within the contractual terms where possible Where goods or services are provided and the process does not require a purchase order, invoices are manually released by the end user or a manager with sufficient authority. In the case of a dispute the end user would resolve with the supplier as per the standared process Once the dispute is resolved and invoices are accepted and/or credit and new invoices received, the payment is settled Suppliers should contact the Accounts Payable department with all queries - AccountsPayableUK@accord-healthcare.com
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?
❌
