| 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.
❌
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.
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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?
❌
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 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.
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