Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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.
❌
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
Axminster Tool Centre Ltd, registered in Devon, trades as Axminster Tools and sells power tools, machinery, hand tools and workshop accessories aimed largely at woodworking. Its site offers online retail with delivery, alongside a substantial content hub of guides, videos and courses covering woodturning, routing, dust extraction and general woodworking projects. Company records show it operates both as a wholesaler of machine tools and a specialised retailer of new goods, indicating it supplies tools and machinery to trade and consumer customers rather than manufacturing them itself. The business is based at premises in Axminster, Devon, and remains active.
Generated from the company's website and Companies House records. Sources: knowledge.axminster.co.uk