ANIXTER LIMITED
Company Information
- Company Number
- 00248952
- Registered Address
- Inspired, Easthampstead Road, Bracknell, Berkshire, RG12 1YQ
- Status
- Active
- Employee Count
- 543.0
- Turnover
- 494933000.0
- EBITDA
- 12328000.0
Additional Details
- Website
- https://anixter.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 21 June 1930
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- 0
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 42 | 35% | 46% | 19% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 43 | 28% | 48% | 24% | 82% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Feb 2023 | 44 | 26% | 46% | 28% | 81% |
| 01 Jan 2022 - 30 Jun 2022 | 04 Aug 2022 | 41 | 31% | 46% | 23% | 80% |
| 02 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 47 | 25% | 45% | 30% | 80% |
| 02 Jan 2021 - 01 Jul 2021 | 30 Jul 2021 | 43 | 30% | 43% | 27% | 80% |
| 04 Jul 2020 - 01 Jan 2021 | 28 Jan 2021 | 45 | 26% | 45% | 29% | 80% |
| 04 Jan 2020 - 03 Jul 2020 | 30 Jul 2020 | 42 | 30% | 42% | 28% | 77% |
| 29 Jun 2019 - 03 Jan 2020 | 29 Jan 2020 | 46 | 23% | 45% | 32% | 81% |
| 29 Dec 2018 - 28 Jun 2019 | 24 Jul 2019 | 44 | 25% | 47% | 28% | 79% |
| 30 Jun 2018 - 28 Dec 2018 | 23 Jan 2019 | 50 | 18% | 45% | 37% | 81% |
| 30 Dec 2017 - 29 Jun 2018 | 25 Jul 2018 | 48 | 21% | 44% | 35% | 79% |
Company Summary
ANIXTER LIMITED is a leading global distributor of network and security solutions, electrical and electronic solutions, and utility power solutions
They specialize in providing end-to-end supply chain services and solutions to customers in various industries, including telecommunications, manufacturing, and government
The company is committed to sustainability and has implemented several initiatives to reduce their environmental impact
This includes using energy-efficient technologies in their operations, minimizing waste, and promoting responsible sourcing and recycling practices
ANIXTER LIMITED offers a wide range of products and services, including data networking and cabling solutions, security and surveillance systems, and electrical and electronic components
They also provide value-added services such as inventory management, logistics, and technical support to help customers optimize their supply chain
The key people in ANIXTER LIMITED include CEO Ted Dosch, President and COO Bill Galvin, and EVP and Chief Financial Officer Kevin Burns
The company is headquartered in Warrington, United Kingdom, and has operations in over 50 countries
For more information on ANIXTER LIMITED and their products and services, you can visit their website at www.anixter.com
Their registered office address is at 1 Bedford Park, Croydon, Surrey CR0 2AQ, United Kingdom
Company Review
Trend Analysis
The average time taken for ANIXTER LIMITED to pay invoices to suppliers has fluctuated between 41 and 50 days over the past three periods. There was a slight decrease from 2017 to 2019, followed by an increase and then a decrease again in the most recent period. The percentage of invoices paid within 30 days has also fluctuated, but has generally increased over time. The percentage of invoices paid later than 60 days has decreased over the past three periods.
Volatility Analysis
The volatility of the average time taken for ANIXTER LIMITED to pay invoices has been relatively stable, with only a 9-day difference between the lowest and highest averages over the past three periods. The percentage of invoices paid within 30 days has shown the most volatility, with a 17% difference between the lowest and highest percentages over the three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Anixter’s suppliers can be split into (i) suppliers of goods and services for resale or “Material Vendors” and (ii) other suppliers of goods and services that help us run our business or “Expense and Freight Vendors”. Standard payment terms in orders issued to Material Vendors are 90 days from (i) receipt of the goods or services by Anixter; and (ii) receipt of undisputed, complete and correct invoice for such goods and services. There are no standard payment terms for contracts with Expense and Freight Vendors, but the most frequently used payment terms are 30 days from the date of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Anixter uses weekly payment runs to pay all of its suppliers and vendors, which is an industry common practice. The majority of invoices paid after the due date result from the weekly payment cycle, invoices received later than the payment due date and disputed invoices.
Maximum contractual payment period agreed
100
Dispute Resolution Process
All invoicing issues are dealt in the first instance by Anixter’s accounts payable team (AP). AP will address disputes relating to non-compliant invoices and will reach out to the suppliers or internal business contacts if required.
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.
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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.
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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.
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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
