ADVA OPTICAL NETWORKING LIMITED

PaymentCheck Score 2021
78Good
5.1vs last year
#2068 in UK
#92 in Yorkshire and The Humber

Company Information

Company Number
03593238
Registered Address
Advantage House Tribune Way, Clifton Moor, York, North Yorkshire, YO30 4RY
Status
Active
Employee Count
124
Turnover
£95,252,000
EBITDA
£3,755,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 July 1998
Nature of Business
26200 - Manufacture of computers and peripheral equipment
26309 - Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment
Industries
Coming Soon
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
31 days
Shortest Period:5 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
75%
31-60 Days
19%
After 60 Days
6%
Not Paid Within Terms24%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-03-08
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202108 Mar 20223175%19%6%24%
01 Jan 2020 - 30 Jun 202010 Aug 20203563%30%7%17%
01 Jul 2019 - 31 Dec 201928 Jan 20203149%40%11%15%
01 Jul 2018 - 31 Dec 201827 Feb 20193356%29%15%18%
01 Jan 2018 - 30 Jun 201831 Jul 20182960%25%15%19%

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

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

Dispute Resolution Process

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.

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.

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

Company Summary

ADVA Optical Networking Limited is a global company that provides optical networking solutions for communication service providers, enterprises, and governments. With over 25 years of experience, the company has established itself as a leader in the industry, offering innovative and sustainable products and services.

The company's sustainability program focuses on reducing its environmental impact and promoting responsible business practices. This includes using renewable energy sources, reducing carbon emissions, and implementing a circular economy approach to its products. ADVA also has a strong commitment to diversity and inclusion, with initiatives to support women in leadership roles and promote a diverse workforce.

ADVA's products and services include optical transport solutions, network synchronization, and network management and control. These solutions enable customers to build and operate high-speed, secure, and reliable networks. The company also offers professional services, such as network design, installation, and maintenance, to support its customers' needs.

The key people at ADVA include CEO Brian Protiva, COO Christoph Glingener, and CFO Uli Dopfer. They lead a team of over 1,800 employees worldwide, who are dedicated to delivering the best solutions and services to customers.

The company's registered office address is ADVA Optical Networking Limited, Campus 2, 16-18 Wood Lane, White City, London, W12 7DY, United Kingdom. Their website address is www.advaoptical.com, where customers can find more information about their products, services, and sustainability efforts. ADVA also has offices in various locations around the world, including Germany, the United States, and Asia.

Financial Metrics

Cash
£11,196,000
Net Worth
£16,064,000
Total Current Assets
£37,684,000
Total Current Liabilities
£21,096,000

Company Location