AICO
Company Information
- Company Number
- 02544399
- Registered Address
- . Maesbury Road, Oswestry, Shropshire, England, SY10 8NR
- Status
- Active
- Employee Count
- 73
- Turnover
- £173,013,000
- EBITDA
- £8,683,000
Additional Details
- Website
- https://www.aico.co.uk/
- Company Type
- Private unlimited company
- Incorporated On
- 28 September 1990
- Nature of Business
- 46499 - Wholesale of household goods (other than musical instruments) not elsewhere classified
- Industries
- Information Technology,Telecommunications And Data,Safety And Security
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 18 | 98% | 1% | 1% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 14 | 98% | 1% | 1% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 28 | 98% | 1% | 1% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 05 Aug 2020 | 18 | 75% | 22% | 4% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 27 | 72% | 27% | 1% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Mar 2019 | 20 | 98% | 1% | 1% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 27 | 69% | 30% | 1% | 16% |
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
Our standard payment terms are 30 days, however, different payment terms may be negotiated with suppliers where applicable.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Standard payment terms are consistent and do not change during the reporting period.
Maximum contractual payment period agreed
60
Dispute Resolution Process
The accounts payable team and authorising manager will work with the supplier to reach a resolution with any invoice dispute.
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
AICO is a leading company in the fire safety and security industry, with a strong focus on sustainability. The company offers a range of products and services, including smoke and carbon monoxide detectors, fire alarms, and security systems.
AICO's sustainability program is centered around their commitment to reducing their environmental impact and promoting social responsibility. This includes using sustainable materials in their products, implementing energy-efficient practices in their operations, and supporting local communities through various initiatives.
The company's key people include Managing Director, Neal Hooper, and Technical Manager, Michael Wright, who have a combined experience of over 50 years in the fire and security industry.
AICO's website address is www.aico.co.uk, where customers can find information about their products and services, as well as their sustainability efforts. Their registered office address is Aico Ltd, Mile End Business Park, Maesbury Road, Oswestry, SY10 8NN, United Kingdom.
In conclusion, AICO is a reputable company in the fire safety and security industry, known for their commitment to sustainability and providing high-quality products and services. With their experienced team and strong focus on social responsibility, AICO continues to be a leader in the industry.
