ACHESON & ACHESON LIMITED
Company Information
- Company Number
- 02764368
- Registered Address
- Icon 1 7-9 Sunbank Lane, Ringway, Altrincham, United Kingdom, WA15 0AF
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 November 1992
- Nature of Business
- 20412 - Manufacture of cleaning and polishing preparations20420 - Manufacture of perfumes and toilet preparations
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
ACHESON & ACHESON LIMITED exhibits a clear trend towards extended payment cycles, with an average payment time of 58 days. A significant majority of payments, 56%, consistently extend beyond 60 days, indicating a strong propensity for delayed settlements. Conversely, only a small fraction, 13%, are settled within 30 days, establishing a trajectory of consistently slow payment behavior.
Volatility Analysis
Payment predictability is low for ACHESON & ACHESON LIMITED, as evidenced by only 13% of invoices being paid within 30 days and over half taking more than 60 days. This wide dispersion and concentration in the longer payment buckets introduce significant cash flow uncertainty for suppliers. The lack of a strong preference for shorter payment windows means reliable forecasting of when invoices will be settled is challenging, posing a higher risk to a supplier's working capital.
Summary Analysis
ACHESON & ACHESON LIMITED demonstrates a consistent pattern of extended payment durations, averaging 58 days with 56% of invoices paid beyond 60 days. Suppliers should anticipate significant payment delays and factor this into their financial planning. It is recommended to consider mitigating strategies such as negotiating stricter payment terms, requesting deposits, or implementing milestone payments to protect cash flow and manage risk effectively.
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 2024 - 30 Jun 2024 | 10 Sept 2024 | 71 | 2% | 28% | 70% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Mar 2023 | 58 | 13% | 31% | 56% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 53 | 9% | 31% | 60% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 61 | 10% | 29% | 61% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 52 | 18% | 33% | 49% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 37 | 24% | 61% | 15% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 11 Aug 2020 | 38 | 25% | 69% | 6% | 4% |
| 01 Oct 2019 - 31 Dec 2019 | 04 Feb 2020 | 39 | 21% | 70% | 9% | 3% |
| 01 Apr 2019 - 30 Sept 2019 | 11 Nov 2019 | 41 | 20% | 72% | 8% | 4% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 37 | 29% | 68% | 3% | 4% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 38 | 21% | 72% | 7% | 5% |
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
Acheson and Acheson’s standard payment terms are 1st week of the third month following month of invoice. The due date is calculated by applying the agreed payment terms to the invoice date. Invoices are paid on Fridays, and actual payment dates are calculated so that payments should arrive on or before the due date. Acheson and Acheson’s terms with their Far East suppliers are 60 days from document date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
98
Dispute Resolution Process
In case of any disputes related to invoice queries, suppliers can contact accounts.payable@acheson.co.uk who will work with the supplier to resolve the payment issue/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.
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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
ACHESON & ACHESON LIMITED operates as a private limited company. The specific nature of its commercial activities is not detailed within the provided company information.
This active company was incorporated on 13 November 1992 and is registered under company number 02764368. Its registered office is located at Icon 1 7-9 Sunbank Lane, Ringway, Altrincham, United Kingdom, WA15 0AF, placing its operations within the North West of England.
As a private limited company, ACHESON & ACHESON LIMITED utilises a common legal structure for businesses in the UK. This company type can encompass a wide variety of commercial functions, but the particular services or products offered by ACHESON & ACHESON LIMITED are not specified in the available data.
