ABBEY LOGISTICS GROUP LIMITED
Company Details
Registration Number
02484251
Registered Address
Suite 11 Stone Cross Place Stone Cross Lane North Lowton Warrington England WA3 2SH
Company Status
Active
Employee Count
589
Turnover
£74,263,000
EBITDA
£8,874,000
Additional Information
Website
www.abbeylogisticsgroup.com/Company Type
Private limited Company
Incorporated on
22 March 1990
Nature of Business (SIC)
49410 - Freight transport by road
Industries
Distribution and wholesale, Food and drink processing, Supply chain management
Region
North WestCompany Location
Financial Overview
£4,401,987
£1,326,513
Last Reporting Period
Filed
16 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
48 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
91%
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 | 16 Jan 2024 | 48 | 9% | 67% | 24% | 91% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 47 | 12% | 66% | 23% | 89% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 49 | 10% | 66% | 24% | 90% |
| 02 Jan 2022 - 02 Jul 2022 | 18 Jul 2022 | 49 | 10% | 68% | 22% | 91% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 51 | 7% | 66% | 27% | 94% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 52 | 8% | 63% | 29% | 94% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 55 | 10% | 55% | 35% | 91% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 59 | 9% | 45% | 46% | 90% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 63 | 8% | 44% | 47% | 93% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 62 | 7% | 44% | 48% | 88% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 88 | 6% | 29% | 65% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 75 | 5% | 30% | 65% | 49% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 76 | 9% | 45% | 46% | 26% |
Company Summary
Abbey Logistics Group Limited is a UK-based company that provides logistics and transport services for various industries
The company is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact
Their sustainability program includes utilizing eco-friendly vehicles, reducing carbon emissions, and promoting recycling and waste reduction
They also work closely with their clients to develop sustainable supply chain solutions
Abbey Logistics Group Limited offers a range of products and services such as bulk liquid and powder transportation, warehousing, and bespoke logistics solutions
They cater to industries such as food and beverage, chemical, and plastics
The key people at Abbey Logistics Group Limited include the Managing Director, Steve Granite, who has over 30 years of experience in the logistics industry, and the Operations Director, David Batty, who has over 20 years of experience in logistics and supply chain management
The company's website address is www.abbeylogisticsgroup.com, where customers can find information about their services, sustainability efforts, and contact details
The registered office address is Unit 1, Road One, Winsford Industrial Estate, Winsford, Cheshire, CW7 3PZ
In summary, Abbey Logistics Group Limited is a leading logistics and transport company in the UK that is committed to sustainability
They offer a range of services to various industries and have experienced leaders at the helm
Customers can find more information on their website or contact them at their registered office address
Company Review
Trend Analysis
Over the past three periods, there has been a gradual decrease in the average time taken for ABBEY LOGISTICS GROUP LIMITED to pay invoices to suppliers. The company started at an average of 76 days in 2017, which decreased to 47 days in 2023. This shows an overall improvement in the efficiency of payment processes.
Volatility Analysis
The company has shown a consistent trend of paying invoices late, with 46% or more invoices paid later than 60 days for all periods. However, there have been slight fluctuations in the percentage of invoices paid within 30 days, ranging from 5% to 12%. There has also been some volatility in the percentage of invoices paid between 31 and 60 days, with a range of 29% to 68%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are either 30 or 60 days from either the end of the month the invoice is dated or the date of the invoice with some isolated exceptions
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 company would investigate the reasons for any dispute, consulting relevant people within the business. Ultimate sign off in relation to any disputes would be with the Finance Director.
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?
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