AXIANS NETWORKS LIMITED
Company Information
- Company Number
- 04407184
- Registered Address
- Viables 3, Jays Close, Basingstoke, RG22 4BS
- Status
- Active
- Employee Count
- 77
- Turnover
- £17,698,000
- EBITDA
- -£620,000
Additional Details
- Website
- https://www.axians.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 2 April 2002
- Nature of Business
- 46510 - Wholesale of computers, computer peripheral equipment and software61900 - Other telecommunications activities62090 - Other information technology service activities
- Industries
- Information Technology,Telecommunications And Data,Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for AXIANS NETWORKS LIMITED to pay invoices has decreased over the past three periods, going from 46 days in 2017 to 38 days in the second half of 2018. There has also been an improvement in the percentage of invoices paid within 30 days, increasing from 31% in 2017 to 43% in the second half of 2018. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, going from 35% in 2017 to 57% in the second half of 2018. The percentage of invoices paid later than 60 days has also decreased, from 35% in 2017 to 0% in the second half of 2018. Overall, there has been a positive trend towards earlier payment for AXIANS NETWORKS LIMITED.
Volatility Analysis
There is a moderate level of volatility in AXIANS NETWORKS LIMITED's payment behaviour, with changes in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there has been a consistent improvement in the overall average time taken to pay invoices.
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 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 38 | 43% | 57% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Dec 2018 | 41 | 38% | 52% | 10% | 1% |
| 01 Jan 2017 - 31 Dec 2017 | 20 Dec 2018 | 46 | 31% | 35% | 35% | 1% |
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
Axians standard payment terms are 30 days except where it buys goods and services from vendors directly, or via the distribution channel, in which case the terms are at least 45 days. The maximum agreed terms is 90 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Axians (accountspayable@axians.co.uk) alerts suppliers as soon as possible if there is any issue with an invoice and always at least one week before the invoice is due for payment. The alert will explain why the invoice is disputed. Invoices may go astray therefore Axians encourages all suppliers to issue regular statements that permits identification of missing invoices.
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.
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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?
❌
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
AXIANS NETWORKS LIMITED is a leading company in the field of sustainable network solutions. They offer a wide range of products and services to help businesses and organizations achieve their sustainability goals.
Their sustainability program focuses on reducing carbon footprint, promoting renewable energy, and implementing eco-friendly practices. They also offer consultancy services to help clients develop and implement sustainable strategies.
The company's products include energy-efficient network equipment, smart building solutions, and advanced communication technologies. These products help businesses reduce their energy consumption and improve their overall sustainability performance.
Some of the key people at AXIANS NETWORKS LIMITED include the CEO, who is responsible for overall business strategy and operations, and the head of sustainability, who oversees the company's sustainability initiatives.
For more information about their products and services, interested parties can visit their website at www.axians.co.uk. The registered office address is AXIANS NETWORKS LIMITED, 80 Cheapside, London, EC2V 6EE, United Kingdom. Overall, AXIANS NETWORKS LIMITED is committed to promoting sustainability and providing innovative solutions for a greener future.
