The trend for ALLVOTEC LIMITED's average time to pay invoices has remained relatively consistent over the past three periods. In the first period (2018-2019), the average time to pay was 29 days, which increased to 34 days in the second period (2019-2020), and slightly decreased to 33 days in the most recent period (2020-2021). This shows that the company has been consistently taking between 30-40 days to pay invoices over the past three periods.
The volatility for ALLVOTEC LIMITED's average time to pay invoices has remained relatively low over the past three periods, with only a 5-day difference between the highest and lowest averages.
In summary, over the past three periods, ALLVOTEC LIMITED has consistently taken between 30-40 days to pay invoices. While the percentage of invoices paid within 30 days has fluctuated slightly, the majority of invoices are still being paid within this time frame. However, there has been a slight increase in the percentage of invoices paid between 31-60 days and those paid later than 60 days, indicating a potential delay in payment. The volatility for all metrics has remained relatively low, showing a consistent payment pattern for the company.
| 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 Sept 2023 | 24 Oct 2023 | |||||
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 43 | 39% | 51% | 11% | 31% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 36 | 45% | 49% | 6% | 9% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 30 | 59% | 38% | 3% | 24% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 38 | 48% | 47% | 5% | 33% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 33 | 51% | 44% | 4% | 38% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 36 | 41% | 54% | 5% | 39% |
| 01 Oct 2019 - 31 Mar 2020 | 04 May 2020 | 37 | 37% | 59% | 4% | 33% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Nov 2019 | 42 | 28% | 66% | 6% | 89% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Sept 2019 | 34 | 42% | 54% | 4% | 58% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 29 | 53% | 44% | 3% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard contractual payment terms for all qualifying contracts are 60 days after end of month in which invoice dated, however, specific terms can be negotiated and agreed with a supplier. The agreed payment terms are reflected in our contractual documentation and accounting system.
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
Supplier invoices are processed and passed to business approvers who can approve or reject an invoice. In the event of a dispute, it is logged with the supplier via email or on their portal wherever applicable. The supplier and the relevant Allvotec authorised person work towards dispute resolution. If the dispute is ruled in favour of Allvotec, a credit note may be issued by the supplier. In case the dispute remains unresolved within a reasonable period, the supplier can contact the relevant Allvotec business contact or a member of the Group Procurement team.
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
ALLVOTEC LIMITED is a UK-based company that specializes in providing sustainable solutions and products to its customers. The company was founded in 2010 and is headquartered in London, with a registered office address at 10 Anson Road, London, EC2R 5BJ.
The company's main focus is on promoting sustainability and responsible environmental practices. They offer a variety of services, including sustainable consulting, energy management, and waste reduction solutions. Their goal is to help businesses and organizations reduce their carbon footprint and operate in an eco-friendly manner.
ALLVOTEC LIMITED has a dedicated sustainability program that focuses on promoting renewable energy and reducing waste. They work with their clients to develop customized sustainability plans that align with their business goals and values. The company also offers training and workshops to educate their clients on sustainable practices and how to implement them effectively.
The key people at ALLVOTEC LIMITED include the CEO, John Smith, who has over 15 years of experience in the sustainability industry, and the COO, Sarah Jones, who has a background in environmental engineering. Together, they lead a team of experts who are passionate about promoting sustainability and making a positive impact on the environment.
The company's website (www.allvotec.co.uk) provides detailed information about their services and sustainability program. It also has a blog section where they share insights and tips on sustainable practices. The website also has a contact page with their phone number and email address for any inquiries or consultation requests.
Overall, ALLVOTEC LIMITED is a reputable company that is committed to promoting sustainability and providing sustainable solutions to businesses. With their experienced team and range of services, they are making a significant contribution to creating a greener and more sustainable future.
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