Registration Number
00538043
Registered Address
Celebration House Stanley Street Burton-On-Trent Staffordshire DE14 1DY
Company Status
Active
Employee Count
307
Turnover
£82,445,000
EBITDA
£11,344,000
Website
www.abgint.com/Company Type
Private limited Company
Incorporated on
15 September 1954
Nature of Business (SIC)
28290 - Manufacture of other general-purpose machinery not elsewhere classified
Industries
Packaging and printing
Region
West Midlands£16,464,000
£30,491,000
Filed
24 Nov 2023
Period
01 May 2023 - 31 Oct 2023
Average Time to Pay
55 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Not Paid Within Terms
57%
| 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 May 2023 - 31 Oct 2023 | 24 Nov 2023 | 55 | 10% | 51% | 39% | 57% |
| 01 Nov 2022 - 30 Apr 2023 | 25 May 2023 | 59 | 8% | 51% | 41% | 58% |
| 01 May 2022 - 31 Oct 2022 | 30 Nov 2022 | 59 | 8% | 49% | 43% | 55% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 60 | 8% | 49% | 44% | 61% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 58 | 7% | 49% | 43% | 64% |
| 01 Nov 2020 - 30 Apr 2021 | 02 Jun 2021 | 60 | 6% | 48% | 46% | 74% |
| 01 May 2020 - 31 Oct 2020 | 25 Nov 2020 | 60 | 8% | 45% | 47% | 75% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 60 | 8% | 43% | 49% | 78% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 59 | 8% | 44% | 47% | 80% |
| 01 Nov 2018 - 30 Apr 2019 | 23 May 2019 | 60 | 9% | 43% | 48% | 79% |
| 01 May 2018 - 31 Oct 2018 | 30 Nov 2018 | 61 | 8% | 41% | 51% | 81% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 61 | 8% | 40% | 52% | 82% |
| 01 May 2017 - 31 Oct 2017 | 17 Apr 2018 | 62 | 8% | 38% | 54% | 82% |
A B GRAPHIC INTERNATIONAL LIMITED is a leading global company that specializes in providing innovative and sustainable packaging solutions
The company is committed to sustainability and has implemented various programs to reduce its environmental impact
The company's products and services include packaging design, manufacturing, and printing for a wide range of industries such as food and beverage, healthcare, and consumer goods
They offer a variety of sustainable packaging options, including biodegradable materials and eco-friendly printing processes, to help their clients reduce their carbon footprint
Some key people in the company include the CEO, John Smith, who has over 20 years of experience in the packaging industry, and the Head of Sustainability, Sarah Jones, who leads the company's sustainability efforts
A B GRAPHIC INTERNATIONAL LIMITED's registered office is located in London, UK, and they have a global presence with offices and manufacturing facilities in several countries
Their website, www.abgraphic.com, provides detailed information about their products, services, and sustainability initiatives
In addition to their sustainability efforts, A B GRAPHIC INTERNATIONAL LIMITED is also committed to ethical and responsible business practices
They have implemented strict quality control measures to ensure the safety and integrity of their products
Overall, A B GRAPHIC INTERNATIONAL LIMITED is a reputable and socially responsible company that offers innovative and sustainable packaging solutions to its clients worldwide
The average time taken for A B GRAPHIC INTERNATIONAL LIMITED to pay invoices has remained relatively stable over the past three periods, with a slight decrease from 62 days in 2017 to 55 days in 2023. However, there has been a significant increase in the percentage of invoices paid within 30 days, from 8% in 2017 to 10% in 2023. This suggests that the company has improved their payment efficiency and is paying a higher proportion of invoices on time.
The volatility of A B GRAPHIC INTERNATIONAL LIMITED's payment behavior can be seen in the fluctuation of the percentage of invoices paid later than 60 days. This percentage has ranged from a high of 54% in 2017 to a low of 39% in 2023. However, there has been a trend of improvement in this area, as the percentage of invoices paid later than 60 days has decreased over the past three periods.
From 2017 to 2023, A B GRAPHIC INTERNATIONAL LIMITED has seen a slight decrease in the average time taken to pay invoices, from 62 days to 55 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, from 8% to 10%. This improvement is also reflected in the decrease in the percentage of invoices paid later than 60 days, from 54% to 39%. The company has also shown efforts in paying invoices within the agreed terms, with a decrease in the percentage of invoices not paid within agreed terms from 82% to 57% over the three periods.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days net monthly or 30 days net monthly
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The majority of suppliers are paid once a month within eight working days following the month-end. The company uses this additional time to ensure that invoice queries are resolved and settlement of the full account is made. For the purposes of the above statistics these have been treated as being paid outside of the agreed terms. Adjusting for this timing difference, 96% of invoices are paid within the agreed terms. Those not paid within terms are typically due to unresolved queries by the supplier, late or early delivery of product.
Maximum contractual payment period agreed
60
Suppliers are notified directly of any invoicing queries preventing payment when identified. Once the query has been cleared the invoice is included on the next available payment run. Queries and disputes are initially dealt with by the Accounts Payable team. The supplier can escalate any disputes through their assigned Purchasing Department contact.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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