AESSEAL PLC
Company Information
- Company Number
- 02101607
- Registered Address
- Global Technology Centre, Bradmarsh Business Park, Mill Close Rotherham, South Yorkshire, S60 1BZ
- Status
- Active
- Employee Count
- 512.0
- Turnover
- 64430000.0
- EBITDA
- 16557000.0
Additional Details
- Website
- https://aesseal.com/
- Company Type
- Public limited Company
- Incorporated On
- 19 February 1987
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- 0
- Region
- Yorkshire and The Humber
Company Location
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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 | 31 Jan 2024 | 45 | 38% | 38% | 24% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 46 | 35% | 41% | 24% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 49 | 34% | 43% | 23% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 44 | 33% | 45% | 22% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 44 | 35% | 43% | 22% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jan 2022 | 42 | 35% | 42% | 23% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 41 | 36% | 42% | 22% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 43 | 35% | 39% | 26% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 47 | 30% | 43% | 27% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 49 | 28% | 44% | 28% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Feb 2019 | 35 | 50% | 35% | 15% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 39 | 40% | 41% | 19% | 13% |
Company Summary
AESSEAL PLC is a leading global supplier of mechanical seals and support systems
The company was founded in 1979 and has its headquarters in Rotherham, UK
The company is committed to sustainability and has a dedicated sustainability program in place
This includes reducing their carbon footprint and energy consumption, as well as promoting social responsibility and ethical business practices
They also have a strong focus on recycling and waste reduction, and are continuously working towards improving their environmental impact
AESSEAL PLC offers a wide range of products and services, including mechanical seals, seal support systems, bearing protection, and filtration systems
These products are used in various industries such as oil and gas, pharmaceuticals, food and beverage, and water treatment
The company has a team of experienced and knowledgeable professionals, including their CEO, Chris Rea, who has been with the company since its inception
The team is dedicated to providing high-quality products and services, and their commitment to sustainability is reflected in all aspects of the company's operations
AESSEAL PLC has a strong online presence and their website (www.aesseal.com) provides detailed information about their products, services, and sustainability efforts
Their registered office address is located at Mill Close, Templeborough, Rotherham, S60 1BZ, UK
In summary, AESSEAL PLC is a reputable company with a strong focus on sustainability
They offer a wide range of high-quality products and services, and their team of experienced professionals is dedicated to providing excellent customer service
Their commitment to sustainability makes them a leader in their industry and a responsible corporate citizen
Company Review
Trend Analysis
From 2018 to 2023, the average time for AESSEAL PLC to pay invoices has fluctuated between 35 and 49 days. However, there has been a slight overall increase in the average time from 39 days in 2018 to 45 days in 2023.
Volatility Analysis
The volatility of AESSEAL PLC's payment behavior can be seen in the fluctuations of the percentages of invoices paid within 30 days and those paid later than 60 days. While the percentage of invoices paid within 30 days has remained relatively stable around 35-40%, the percentage of invoices paid later than 60 days has ranged from 15% to 28% over the past three years.
Summary Analysis
Between 2018 and 2020, there was a gradual improvement in AESSEAL PLC's payment behavior, with the average time to pay decreasing from 39 days to 41 days and the percentage of invoices paid within 30 days increasing from 40% to 36%. However, in 2021 and 2022, there was a slight decline in these metrics before showing a slight improvement in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days from end of month of invoice. Maximum payment terms are 60 days from end of month of invoice, therefore a maximum of 90 days (60 days plus 30).
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
Whilst we do not have a formal written process, in general disputed invoices are managed between the vendor and Purchase Ledger staff and where necessary Purchasing Department. In almost all cases disputes are resolved amicably, with reference to the contracted responsibilities of both parties.
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?
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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
