The average time taken by ADT FIRE AND SECURITY PLC to pay invoices has remained relatively stable over the past three periods, with a slight decrease from 25 days in Apr 2017 to 24 days in Mar 2018.
The volatility in ADT FIRE AND SECURITY PLC's invoice payment can be seen in the percentage of invoices paid within 30 days and those paid later than 60 days. While there has been a consistent 84% of invoices paid within 30 days, the percentage of invoices paid later than 60 days has fluctuated between 11% and 14% over the past three periods.
From Apr 2017 to Mar 2018, ADT FIRE AND SECURITY PLC has maintained an average time to pay of 24 days. The majority of their invoices (84%) are paid within 30 days, but there has been a consistent percentage (11-14%) of invoices paid later than 60 days. The company has also consistently met their agreed payment terms, with 100% of invoices paid within their shortest standard payment period of 25 days.
| 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 Oct 2017 - 31 Mar 2018 | 01 May 2018 | 24 | 84% | 5% | 11% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month
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
Suppliers are encouraged to contact the Company accounts Payables team in order to discuss queries. If further discussion is required the Procurement Department will be responsible for resolution. Further elevation according to the Company ‘Delegation of Authority’ is normal procedure
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?
No information available
ADT Fire and Security PLC is registered in the UK and trades as ADT, providing professionally installed security and fire safety systems for homes and businesses. Services include free security assessments, tailored system design, professional installation, 24/7/365 alarm monitoring and ongoing maintenance, supported by an app for remote control of alarms and cameras. The company also offers solutions such as access control, fire detection and suppression, gas and flame detection, and video surveillance, and works with commercial clients across sectors including manufacturing, retail and construction. Engineers hold NSI gold accreditation for installation standards. The business positions itself around long-established experience in protecting homes and premises.
Generated from the company's website and Companies House records. Sources: adt.co.uk