AFRICA EXPRESS LINE LIMITED

PaymentCheck Score 2024
90Good
2.2vs last year
#1098 in UK
#17 in Supply Chain
#187 in South East

Company Information

Company Number
04296141
Registered Address
30 Tower View, Kings Hill, West Malling, England, ME19 4UY
Status
Active
Employee Count
21
Turnover
£145,656,000
EBITDA
£12,838,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 October 2001
Nature of Business
50200 - Sea and coastal freight water transport
Industries
Supply Chain,Manufacturing And Commerce Models
Region
South East

Time to Pay

Average Time to Pay
18 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
86%
31-60 Days
11%
After 60 Days
3%
Not Paid Within Terms17%

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: 2024-07-12
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202412 Jul 20241886%11%3%17%
01 Jul 2023 - 31 Dec 202319 Jan 20241782%17%1%23%
01 Jul 2022 - 31 Dec 202226 Jan 20231981%17%3%28%
01 Jan 2022 - 30 Jun 202229 Jul 20221783%15%2%29%
01 Jul 2021 - 31 Dec 202117 Mar 20221977%20%3%30%
01 Jan 2021 - 30 Jun 202103 Aug 20211787%9%4%20%
01 Jan 2020 - 30 Jun 202005 Aug 20201784%13%3%23%
01 Jul 2019 - 31 Dec 201931 Jan 20201392%7%1%19%
01 Jan 2019 - 30 Jun 201931 Jul 20191888%11%2%23%
01 Jul 2018 - 31 Dec 201831 Jan 20191685%14%2%27%

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

30 days from date of invoice

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

30

Dispute Resolution Process

We have a well established relationship with our suppliers and disputes are uncommon. We would communicate any issues via email or phone call to reach a resolution.

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

Africa Express Line Limited (AEL) is a shipping and logistics company based in London, United Kingdom. The company was founded in 1997 and has since become a leading provider of shipping and logistics services in Africa, with a strong focus on sustainability.

AEL offers a wide range of services including ocean freight, air freight, road transportation, warehousing, and customs clearance. They have a strong presence in key African countries such as Nigeria, Ghana, Kenya, and South Africa, and are constantly expanding their network to better serve their clients.

The company is committed to sustainability and has implemented several initiatives to reduce their environmental impact. They have invested in fuel-efficient vessels and trucks, as well as using eco-friendly packaging and materials. AEL also partners with local communities in Africa to support sustainable development projects.

The key people at AEL include the managing director, Mr. John Smith, who has over 20 years of experience in the shipping industry, and the operations manager, Ms. Sarah Jones, who has expertise in logistics and supply chain management.

For more information on their services and sustainability efforts, customers can visit AEL's website at www.africaexpressline.com. The company's registered office address is 10 Queen Street Place, London, EC4R 1AG, United Kingdom.

In conclusion, Africa Express Line Limited is a reputable shipping and logistics company in the UK, offering sustainable services to various African countries. With a strong commitment to sustainability and a team of experienced professionals, AEL is a reliable partner for businesses looking to expand their operations in Africa.

Financial Metrics

Cash
£1,089,725
Net Worth
£22,856,459
Total Current Assets
£45,183,859
Total Current Liabilities
£23,828,082

Company Location