The trend for AGA RANGEMASTER LIMITED's average time to pay invoices has been decreasing over the past three periods, going from 62 days in the first period to 65 days in the third period. However, there was a slight increase in the fourth period, with an average of 69 days to pay invoices. The fifth period saw a significant increase to 79 days, followed by a decrease to 67 days in the sixth period. The trend remained relatively stable in the seventh and eighth periods, with an average of 68 and 65 days, respectively.
The volatility for AGA RANGEMASTER LIMITED's average time to pay invoices has been relatively low, with minimal changes between periods. The largest change was between the fourth and fifth periods, with a 10-day increase, and between the fifth and sixth periods, with a 12-day decrease. The remaining periods saw changes of 1 to 3 days.
| 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 | 26 May 2022 | 65 | 13% | 46% | 41% | 58% |
| 01 Jan 2021 - 30 Jun 2021 | 26 May 2022 | 68 | 11% | 47% | 42% | 64% |
| 01 Jul 2020 - 31 Dec 2020 | 26 May 2022 | 67 | 10% | 48% | 42% | 62% |
| 01 Jan 2020 - 30 Jun 2020 | 26 May 2022 | 79 | 13% | 40% | 46% | 69% |
| 30 Jun 2019 - 29 Dec 2019 | 15 Jan 2020 | 69 | 14% | 41% | 45% | 59% |
| 30 Dec 2018 - 29 Jun 2019 | 28 Aug 2019 | 60 | 18% | 39% | 43% | 54% |
| 01 Jul 2018 - 29 Dec 2018 | 15 Mar 2019 | 61 | 16% | 40% | 44% | 48% |
| 01 Jan 2018 - 30 Jun 2018 | 12 Sept 2018 | |||||
| 01 Jan 2018 - 01 Jun 2018 | 12 Sept 2018 | 62 | 15% | 38% | 47% | 54% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
65 days end of month
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
95
In the case of a dispute, accounts, operational staff and the supplier will liaise, ascertain the facts, reach an agreement and process (pay or credit) as appropriate.
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
AGA Rangemaster Limited is a manufacturer and retailer of range cookers, cooking appliances and cooker hoods, trading under the AGA, Rayburn and Mercury brand names. Its product range spans cast iron and conventional range cookers, induction hobs, stoves, outdoor cooking equipment and accessories, sold through its own website, store locators and international dealers, alongside servicing, brochures and finance options for customers. The company is registered in England and Wales and is part of the wider Middleby group. Its site describes AGA as offering, for over a century, cooking appliances noted for reliability, appearance and function.
Generated from the company's website and Companies House records. Sources: agaliving.com