| 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 Nov 2022 - 30 Apr 2023 | 14 Aug 2024 | 37 | 43% | 41% | 16% | 69% |
| 01 May 2022 - 31 Oct 2022 | 30 Dec 2022 | 33 | 67% | 24% | 9% | 26% |
| 01 Nov 2021 - 30 Apr 2022 | 30 Dec 2022 | 33 | 60% | 33% | 7% | 21% |
| 01 May 2021 - 31 Oct 2021 | 14 Dec 2021 | 32 | 65% | 29% | 6% | 17% |
| 01 Nov 2020 - 30 Apr 2021 | 14 Dec 2021 | 32 | 64% | 29% | 7% | 27% |
| 01 May 2020 - 31 Oct 2020 | 14 Dec 2020 | 35 | 63% | 27% | 10% | 40% |
| 01 May 2019 - 30 Apr 2020 | 13 May 2020 | 51 | 47% | 29% | 24% | 70% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 46 | 57% | 26% | 16% | 71% |
| 01 Nov 2018 - 30 Apr 2019 | 17 May 2019 | 39 | 52% | 34% | 14% | 59% |
| 01 May 2018 - 31 Oct 2018 | 17 May 2019 | 41 | 50% | 35% | 15% | 64% |
| 01 Nov 2017 - 30 Apr 2018 | 18 May 2018 | 44 | 29% | 47% | 24% | 74% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days+ end of month following invoice
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
120
Each supplier providing goods for resales is appointed an individual product manager. responsibility for any dispute resolution lies with that individual. Other suppliers will be contacted by the manager of the team raising the requisition. Directors involvement is instigated following a request from either his/her manager or the supplier.
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
AXMINSTER TOOL CENTRE LTD is a British company that specializes in the sale of power tools, hand tools, and woodworking machinery. They have been in business since 1972 and have established themselves as a trusted supplier of high-quality tools and equipment.
One of the key focuses of AXMINSTER TOOL CENTRE LTD is sustainability. They are committed to reducing their environmental impact and operate a sustainable sourcing policy, ensuring that their products are ethically and responsibly sourced. They also have a recycling program for their packaging materials and encourage their customers to recycle their old tools.
The company offers a wide range of products, including power tools from popular brands such as Bosch, Dewalt, and Makita, as well as their own brand of tools. They also have a selection of hand tools, woodworking machinery, accessories, and consumables. Their products are suitable for both professionals and DIY enthusiasts.
The key people at AXMINSTER TOOL CENTRE LTD include their managing director Ian Styles, who has been with the company for over 25 years, and their operations director, Richard Clements, who has over 20 years of experience in the industry.
Customers can contact AXMINSTER TOOL CENTRE LTD through their website, where they can browse and purchase products, as well as access helpful resources such as product reviews and how-to guides. The company also has a customer service team available via phone and email to assist with any queries or concerns.
The registered office address for AXMINSTER TOOL CENTRE LTD is Unit 10 Weycroft Avenue, Axminster, Devon, EX13 5PH. Their website address is www.axminstertools.com. In conclusion, AXMINSTER TOOL CENTRE LTD is a reputable company that offers high-quality tools and machinery with a commitment to sustainability. Their knowledgeable team and convenient online platform make them a go-to choice for customers in need of reliable tools.
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