AVTRADE LIMITED
Company Information
- Company Number
- 01917328
- Registered Address
- Avtrade Global Headquarters, Sayers Common, West Sussex, BN6 9JQ
- Status
- Active
- Employee Count
- 226
- Turnover
- £176,458,000
- EBITDA
- £26,640,000
Additional Details
- Website
- https://avtrade.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 29 May 1985
- Nature of Business
- 47190 - Other retail sale in non-specialised stores
- Industries
- Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for AVTRADE LIMITED shows a steady decrease in the average time taken to pay invoices over the past three periods. In 2017-2018, the company took an average of 36 days to pay invoices, which decreased to 34 days in 2019-2020 and further decreased to 41 days in 2022. This indicates that the company has been making efforts to pay invoices earlier.
Volatility Analysis
The data also shows a decrease in the percentage of invoices paid later than 60 days, from 46% in 2020 to 4% in 2022. However, there is a slight increase in the percentage of invoices paid between 31 and 60 days, from 37% in 2020 to 69% in 2022. This indicates that while the company has improved in paying invoices earlier, there is still room for improvement in paying within the agreed terms.
Summary Analysis
In the past three periods, AVTRADE LIMITED has shown a steady decrease in the average time taken to pay invoices, with a decrease of 2 days from 2017-2018 to 2019-2020 and a further decrease of 1 day in 2022. The company has also shown improvement in paying invoices within 30 days, with an increase of 6% from 2017-2018 to 2019-2020. However, there is still room for improvement in paying within the agreed terms, as the percentage of invoices paid between 31 and 60 days has increased by 32% in the same period. The worst period for the company was in 2020, where 46% of invoices were paid later than 60 days.
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 Feb 2022 - 31 Jul 2022 | 13 Oct 2022 | 41 | 26% | 69% | 6% | 40% |
| 01 Aug 2021 - 31 Jan 2022 | 14 Mar 2022 | 42 | 26% | 70% | 4% | 39% |
| 01 Feb 2021 - 31 Jul 2021 | 04 Aug 2021 | 43 | 24% | 70% | 7% | 42% |
| 01 Aug 2020 - 31 Jan 2021 | 09 Feb 2021 | 46 | 24% | 65% | 11% | 76% |
| 01 Feb 2020 - 31 Jul 2020 | 18 Aug 2020 | 53 | 17% | 37% | 46% | 85% |
| 01 Aug 2019 - 31 Jan 2020 | 02 Mar 2020 | 34 | 31% | 67% | 2% | 63% |
| 01 Feb 2019 - 31 Jul 2019 | 29 Aug 2019 | 34 | 33% | 66% | 1% | 64% |
| 01 Aug 2018 - 31 Jan 2019 | 28 Feb 2019 | 36 | 28% | 70% | 2% | 69% |
| 01 Feb 2018 - 31 Jul 2018 | 23 Aug 2018 | 37 | 24% | 75% | 1% | 74% |
| 01 Aug 2017 - 31 Jan 2018 | 01 Mar 2018 | 36 | 25% | 74% | 1% | 68% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are mixture of 30 days. Mainly End on the Following Month.
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
90
Dispute Resolution Process
Dispute Invoices are raised promptly after receipt of the Invoice concerned, Any disputes are then checked with the relevant department and are usually communicated to the supplier within 7 working days. Disputes are regularly followed up with the relevant supplier for timely resolution.
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.
❌
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.
❌
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
Company Summary
AVTRADE LIMITED is a UK-based company that specializes in the supply and maintenance of aircraft spare parts and components. The company was founded in 1985 and has since grown to become a global leader in the aviation industry.
As part of its commitment to sustainability, AVTRADE LIMITED has implemented various initiatives to reduce its environmental impact. This includes using eco-friendly packaging materials, promoting energy-efficient practices, and minimizing waste through recycling and proper disposal methods.
The company offers a wide range of products and services, including the sale and lease of aircraft spare parts, component repairs and exchanges, and supply chain management solutions. They work with major airlines, MROs, and OEMs to provide cost-effective and reliable solutions for their aviation needs.
AVTRADE LIMITED has a team of experienced and knowledgeable professionals who are dedicated to providing exceptional customer service and ensuring the highest quality standards. The company also has a strong network of partners and suppliers, allowing them to offer a comprehensive range of products and services to their clients.
For more information on AVTRADE LIMITED and their sustainability program, products, and services, visit their website at www.avtrade.com. Their registered office address is located at Unit 30, Riverside Way, Uxbridge, Middlesex, UB8 2YF, United Kingdom.
