AVNET EMG LTD
Company Information
- Company Number
- 01485988
- Registered Address
- Avnet House, Rutherford Close, Meadway Stevenage, Hertfordshire, SG1 2EF
- Status
- Active
- Employee Count
- 225.0
- Turnover
- 139824000.0
- EBITDA
- 4747000.0
Additional Details
- Website
- https://access-select.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 18 March 1980
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- 0
- Region
- East of England
Company Location
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 | 06 Feb 2024 | 33 | 58% | 37% | 5% | 49% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Jul 2023 | 34 | 57% | 36% | 7% | 54% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Jan 2023 | 33 | 57% | 36% | 7% | 56% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 37 | 60% | 35% | 5% | 52% |
| 01 Jul 2021 - 31 Dec 2021 | 11 Jan 2022 | 43 | 61% | 33% | 6% | 54% |
| 01 Jan 2021 - 30 Jun 2021 | 03 Sept 2021 | 37 | 62% | 31% | 7% | 53% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 26 | 59% | 34% | 7% | 61% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 22 | 59% | 35% | 6% | 72% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 25 | 63% | 33% | 4% | 62% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 25 | 65% | 31% | 4% | 60% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jan 2019 | 23 | 66% | 30% | 4% | 66% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 21 | 86% | 8% | 6% | 41% |
| 01 Jul 2017 - 31 Dec 2017 | 22 Jan 2018 | 42 | 81% | 12% | 7% | 46% |
Company Summary
AVNET EMG LTD
is a leading global technology solutions provider that offers a wide range of products and services to customers in various industries
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program focuses on reducing carbon emissions, promoting energy efficiency, and responsible waste management
AVNET EMG LTD
also works closely with their suppliers to ensure ethical and sustainable practices are followed
The company offers a wide range of products and services, including electronic components, embedded systems, design and supply chain solutions, and engineering services
Their customers include businesses in the automotive, aerospace, medical, and industrial sectors
Key people at AVNET EMG LTD
include Graham McBeth, the President of Avnet International, and Pete Bartolotta, the President of Business Transformation
Both bring a wealth of experience and expertise to the company
Customers can contact AVNET EMG LTD
through their website, which also provides information on their range of products and services
The registered office address for AVNET EMG LTD
is in Bracknell, Berkshire, United Kingdom
In summary, AVNET EMG LTD
is a leading technology solutions provider with a strong commitment to sustainability
Their range of products and services, coupled with their experienced leadership team, make them a valuable partner for businesses looking for innovative and sustainable solutions
Company Review
Trend Analysis
The data shows a fluctuating trend in the average time taken for AVNET EMG LTD. to pay invoices to suppliers. From 2017 to 2020, there was a steady decrease in the average time to pay, with the lowest point being in 2020 at 22 days. However, there was an increase in 2021 and 2022, with 43 and 37 days respectively. In 2023, there was a slight decrease to 33 days.
Volatility Analysis
There was high volatility in the percentage of invoices paid within 30 days from 2017 to 2023, with the lowest point being in 2022 at 57% and the highest point being in 2018 at 86%. The percentage of invoices paid between 31 and 60 days also showed fluctuation, with the highest point being in 2022 at 36% and the lowest point being in 2018 at 8%. The percentage of invoices paid later than 60 days showed relatively consistent numbers, with the lowest point being in 2022 at 5% and the highest point being in 2017 at 7%.
Summary Analysis
From 2017 to 2020, AVNET EMG LTD. showed improvement in their payment process, with a decrease in the average time to pay. However, in 2021 and 2022, there was a slight increase in the average time to pay. The percentage of invoices paid within 30 days also fluctuated over the years, with the highest point being in 2018 at 86% and the lowest point being in 2022 at 57%. The worst period for AVNET EMG LTD. in terms of not paying invoices within agreed terms was in 2020 and 2021, with 72% and 61% respectively. The company showed a significant improvement in 2018, with only 41% of invoices not paid within agreed terms.
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 for goods and services is 30 days. For rental of offices under leases, contractual terms are due immediately. The maximum contractual period is 60 days.
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
60
Dispute Resolution Process
The main point of contact for disputes is the Avnet EMEA Accounts Payable Shared Services Centre in Belgium. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice.
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.
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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