Industry ranking
| 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 Sept 2025 - 28 Feb 2026 | 30 Mar 2026 | 55 | 19% | 41% | 40% | 51% |
| 01 Mar 2025 - 31 Aug 2025 | 26 Sept 2025 | 54 | 19% | 42% | 39% | 52% |
| 01 Sept 2024 - 28 Feb 2025 | 27 Mar 2025 | 57 | 16% | 40% | 44% | 52% |
| 01 Mar 2024 - 31 Aug 2024 | 26 Sept 2024 | 57 | 16% | 39% | 45% | 53% |
| 01 Sept 2023 - 29 Feb 2024 | 26 Mar 2024 | 59 | 14% | 36% | 50% | 53% |
| 01 Sept 2022 - 28 Feb 2023 | 23 Mar 2023 | 58 | 14% | 41% | 45% | 56% |
| 01 Mar 2022 - 31 Aug 2022 | 29 Sept 2022 | 59 | 15% | 39% | 46% | 58% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Mar 2022 | 60 | 15% | 37% | 48% | 55% |
| 01 Mar 2021 - 31 Aug 2021 | 28 Sept 2021 | 60 | 17% | 37% | 46% | 66% |
| 01 Sept 2020 - 28 Feb 2021 | 26 Mar 2021 | 63 | 15% | 36% | 49% | 62% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 72 | 12% | 31% | 57% | 67% |
| 01 Sept 2019 - 29 Feb 2020 | 30 Mar 2020 | 59 | 14% | 43% | 43% | 42% |
| 01 Mar 2019 - 31 Aug 2019 | 27 Sept 2019 | 56 | 13% | 46% | 41% | 57% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 53 | 16% | 47% | 37% | 55% |
| 01 Sept 2017 - 28 Feb 2018 | 27 Mar 2018 | 56 | 12% | 46% | 42% | 70% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days following the end of month from the date they are authorised and approved, having due consideration to, and resolving any delivery, quality or quantity variations or pricing disputes. Where the month end date is a weekend or public holiday the supplier payment remittances are processed for the next corresponding working day. Various commercial payment terms are negotiated with our suppliers and service partners, structured around terms commonly applied within the market segments of our industry. http://www.theafegroup.com/policies
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
In the first instance the person responsible for the supply agreement will look to resolve the dispute, if unresolved this will then be escalated to the head of the department and Financial Controller. Failure to meet a resolution will then be escalated to the Finance Director.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
AFE Group Limited is the registered entity behind The AFE Group, based in King's Lynn, Norfolk. It describes itself as an international business specialising in the design, manufacture and service support of professional cooking, bakery and refrigeration equipment for the global food service market. The group operates under several brands, including Williams, Falcon Foodservice, Mono Equipment, Millers Vanguard and Serviceline, and states it employs over 1500 people across 15 locations worldwide. Its products are supplied to chefs, bakers and catering and hospitality businesses of varying sizes. The company was incorporated in 1999 and remains active.
Generated from the company's website and Companies House records. Sources: theafegroup.com