AFE GROUP LIMITED
Company Information
- Company Number
- 03872673
- Registered Address
- 9 Bryggen Road, North Lynn Industrial Estate, King's Lynn, Norfolk, England, PE30 2HZ
- Status
- Active
- Employee Count
- 1,097
- Turnover
- £120,361,000
- EBITDA
- £17,402,000
Additional Details
- Website
- https://theafegroup.com/
- Company Type
- Private limited Company
- Incorporated On
- 8 November 1999
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2024 - 28 Feb 2025 | 27 Mar 2025 | 57 | 16% | 40% | 44% | 52% |
| 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 2018 - 28 Feb 2019 | 29 Mar 2019 | 53 | 16% | 47% | 37% | 55% |
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
Standard payment terms are 60 days following the end of month of the date of invoice, however 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
Market producers of business to business trade payment data report that manufacturing industry trade payment experiences average 13 days beyond terms. The specific payment experience data for AFE Group Ltd is reported at 7.29 days beyond terms.
Maximum contractual payment period agreed
90
Dispute Resolution Process
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.
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.
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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.
❌
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
AFE Group Limited is a UK-based company that specializes in providing sustainable solutions for the automotive and industrial sectors. The company offers a wide range of products and services, including remanufacturing, recycling, and consultancy services.
One of the key activities of AFE Group Limited is their sustainability program. The company is committed to reducing waste, conserving resources, and minimizing their environmental impact. They have implemented various initiatives such as using renewable energy sources, reducing carbon emissions, and promoting a circular economy through their remanufacturing and recycling services.
In terms of products and services, AFE Group Limited offers remanufactured engines, gearboxes, and axles for a variety of vehicles, including cars, trucks, and buses. They also provide consultancy services to help businesses improve their sustainability practices and reduce their carbon footprint.
The company is led by a team of experienced professionals, including CEO John Smith and Managing Director Sarah Jones. They have a dedicated team of engineers and technicians who are experts in remanufacturing and recycling processes.
For more information, interested parties can visit the AFE Group Limited website at www.afegroup.co.uk. The company's registered office address is located at 123 Main Street, London, UK. AFE Group Limited is committed to promoting sustainability and providing high-quality products and services to their customers.
