| 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 2021 - 31 Dec 2021 | 08 Mar 2022 | 31 | 75% | 19% | 6% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Aug 2020 | 35 | 63% | 30% | 7% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 31 | 49% | 40% | 11% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 27 Feb 2019 | 33 | 56% | 29% | 15% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 29 | 60% | 25% | 15% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
we do not use standard payment terms, industry standard for production material is 60 days, others typically 30 days
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
90
The suppliers can contact our AP department for their complaints via the mailbox: YRK-Accounts@adva.com. They will get an answer within 2 business days from our AP team.
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
This is the registered UK entity for what now trades globally as Adtran Networks SE, following the combination of ADVA Optical Networking with Adtran. The wider group designs optical networking and fibre-broadband equipment, including optical line systems, terminals, pluggable optics, aggregation switches and routers, and network management and monitoring tools, serving cable operators, service providers, enterprises, financial institutions and utilities. The UK company operates as part of this combined group's structure, based in York, rather than as an independent trading business in its own right. Its parent group's technology is used to build and monitor fibre networks worldwide, with the business describing itself as helping customers scale and simplify network operations.
Generated from the company's website and Companies House records. Sources: advaoptical.com · advaoptical.com