ASSA ABLOY LIMITED
Company Information
- Company Number
- 02096505
- Registered Address
- Portobello, School Street, Willenhall, West Midlands, WV13 3PW
- Status
- Active
- Employee Count
- 1,016
- Turnover
- £246,352,000
- EBITDA
- £32,209,000
Additional Details
- Website
- https://assa.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 4 February 1987
- Nature of Business
- 25120 - Manufacture of doors and windows of metal25720 - Manufacture of locks and hinges
- Industries
- Manufacturing
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 2020 - 31 Dec 2020 | 09 Feb 2021 | 51 | 39% | 27% | 34% | 78% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 49 | 29% | 38% | 33% | 55% |
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
ASSA ABLOY operates with a standard set of payment terms and conditions under which invoices are paid within 60 days from the date on which the goods or services to which they relate have been deemed to have been delivered in accordance with the delivery terms of the contract.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We work closely with our suppliers to support the cash flow requirements of both ASSA ABLOY and our supply chain throughout the reporting period. Of the invoices reported as paid outside of agreed payment terms, 63% of these were paid within 5 days of the agreed due date.
Maximum contractual payment period agreed
105
Dispute Resolution Process
We work closely with our suppliers to ensure that any disputes are resolved on a timely basis. ASSA ABLOY Limited operates a shared service accounts payable team based in the West Midlands. If at any time a dispute arises in relation to the payment of an invoice, suppliers contact our shared service accounts payable team with details of the disputed payment together with their authorised purchase order number. The accounts payable team will use all reasonable endeavours to resolve the dispute, but will refer this to the relevant procurement department where issues cannot be resolved directly. Where disputes cannot be appropriately resolved within a reasonable time frame, ASSA ABLOY operates a policy whereby payment disputes are escalated to the senior executive team for 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.
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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?
❌
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
ASSA ABLOY LIMITED is a global leader in door opening solutions, providing innovative and sustainable products and services for commercial, institutional and residential customers. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility.
Their sustainability program, called "Sustainable Solutions", focuses on reducing energy consumption, minimizing waste, and promoting responsible sourcing and production. They also prioritize diversity and inclusion in their workforce and have set targets to increase the number of women in leadership positions.
ASSA ABLOY LIMITED offers a wide range of products and services, including mechanical and electromechanical locks, access control systems, and secure entrance solutions. They also provide installation, maintenance, and support services to ensure the efficient and safe operation of their products.
The key people at ASSA ABLOY LIMITED include the CEO, Nico Delvaux, and the Chairman of the Board, Lars Renström. They have a team of over 48,000 employees worldwide, all dedicated to delivering high-quality products and services to their customers.
The company's website, www.assaabloy.com, provides detailed information about their products and services, as well as their sustainability efforts. Their registered office address is at 4th Floor, 13-15 Carteret Street, London, SW1H 9DJ, United Kingdom.
In summary, ASSA ABLOY LIMITED is a leading company in the door opening solutions industry, with a strong focus on sustainability and providing innovative and high-quality products and services. With their commitment to social responsibility and their dedicated team, they continue to thrive and make a positive impact in the communities they serve.
