AWE PLC
Company Information
- Company Number
- 02763902
- Registered Address
- Room 20, Building F161.2 Atomic Weapons Establishment, Aldermaston, Reading, England, RG7 4PR
- Status
- Active
- Employee Count
- 6464.0
- Turnover
- 1476666000.0
- EBITDA
- -669000.0
Additional Details
- Website
- https://www.awe.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 6 November 1992
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- 0
- Region
- South East
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 | 30 Jan 2024 | 25 | 92% | 6% | 2% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 93% | 6% | 1% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 23 | 94% | 5% | 1% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 24 | 94% | 5% | 1% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 25 | 91% | 7% | 2% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 27 | 87% | 8% | 5% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 27 | 84% | 11% | 5% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 79% | 13% | 8% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 27 | 84% | 11% | 5% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 28 | 83% | 11% | 6% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 26 | 88% | 8% | 4% | 12% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 24 | 88% | 8% | 4% | 12% |
Company Summary
AWE PLC is a British multinational company that specializes in the design and manufacture of advanced technology products for the defense, aerospace, and security industries
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
One of AWE PLC's key sustainability programs is their "Green Strategy," which aims to reduce their carbon footprint and promote sustainable practices throughout their operations
This includes investing in renewable energy sources, reducing waste and emissions, and implementing energy-efficient measures in their facilities
In terms of products and services, AWE PLC offers a wide range of advanced technology solutions for defense, aerospace, and security applications
This includes the design and manufacture of nuclear weapons for the UK's defense program, as well as the development of advanced propulsion systems for space exploration
The company is led by a team of experienced executives, including CEO Clifford Harris and Chairman Sir John Scarlett
They are supported by a dedicated team of engineers, scientists, and other professionals who are committed to delivering high-quality products and services
To learn more about AWE PLC and their sustainability efforts, interested individuals can visit their website at www.awe.co.uk
Their registered office address is Aldermaston, Reading, Berkshire, RG7 4PR, United Kingdom
Company Review
Trend Analysis
The average time taken for AWE PLC to pay invoices has remained relatively consistent over the past three periods, fluctuating between 24 and 28 days. However, there has been a slight decrease in the most recent period, with an average time of 25 days. This suggests that the company may be improving their payment processes and paying invoices more promptly.
Volatility Analysis
The volatility of AWE PLC's invoice payments has also remained relatively stable over the past three periods. The percentage of invoices paid within 30 days has fluctuated between 79% and 91%, and the percentage of invoices paid later than 60 days has fluctuated between 1% and 8%. This suggests that the company has been consistent in their payment practices.
Summary Analysis
AWE PLC's average time to pay invoices has remained consistent over the past three periods, with a slight improvement in the most recent period. The percentage of invoices paid within 30 days has also remained relatively stable, ranging from 79% to 91%. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the most recent period, although it remains low at 2%. This suggests that the company may need to address any issues that are causing delays in payments.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
For an invoice to be held as valid the supplier should invoice for the contract price payable in accordance with the contract after the end of the month in which the goods or services have been provided. AWE pays all amounts due to the contractor within 30 days after receipt of a valid invoice.
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
30
Dispute Resolution Process
In accordance with our internal dispute resolution process, disputes will be first reviewed by the Category Manager and where possible a resolution with be agreed between the Category Manager and supplier. The contract will be reviewed to ensure that any dispute resolution terms are adhered to.
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
