ADEY INNOVATION LIMITED
Company Information
- Company Number
- 05001590
- Registered Address
- Unit 2 St Modwen Park, Haresfield, Stonehouse, England, GL10 3EZ
- Status
- Active
- Employee Count
- 174
- Turnover
- £46,712,000
- EBITDA
- £12,785,000
Additional Details
- Website
- https://adeyspares.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 22 December 2003
- Nature of Business
- 46740 - Wholesale of hardware, plumbing and heating equipment and supplies71121 - Engineering design activities for industrial process and production71200 - Technical testing and analysis72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Coming Soon
- Region
- South West
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 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 65 | 16% | 39% | 45% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 62 | 14% | 36% | 50% | 9% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 57 | 17% | 39% | 44% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 58 | 13% | 39% | 48% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 54 | 24% | 32% | 44% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 50 | 23% | 35% | 42% | 4% |
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
Our most commonly used standard payment terms are 60 days net end of month. Accordingly, our shortest standard payment period can be 60 days and our longest standard payment period can be 90 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Of the invoices due in the reporting period but not paid within agreed terms, an element of these are due to the fact that we have some invoices set to immediate payment terms which will always, in effect, be paid late not least due to the nature of periodic payment runs.
Maximum contractual payment period agreed
90
Dispute Resolution Process
We endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the relevant divisional accounts payable department.
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
ADEY Innovation Limited is a UK-based company that specializes in developing and manufacturing innovative products for the heating and plumbing industry. Founded in 2003, the company has become a leader in its field and has a strong commitment to sustainability and innovation.
The company's sustainability program focuses on reducing its carbon footprint through various initiatives such as using renewable energy sources, recycling materials, and reducing waste in its manufacturing processes. ADEY also partners with local communities and charities to support environmental and social causes.
The company's flagship product is the MagnaClean, a magnetic filter designed to improve the efficiency and longevity of heating systems. This product has won numerous awards and is used by thousands of installers and homeowners in the UK and around the world.
ADEY's team is led by CEO John Vaughan, who has over 30 years of experience in the heating and plumbing industry. He is supported by a dedicated team of engineers, designers, and technicians who are passionate about creating innovative and sustainable solutions.
The company's website (www.adey.com) provides information on its products and services, as well as resources for installers and homeowners. ADEY's registered office address is ADEY Innovation Limited, Centurion Way, Meridian Business Park, Leicester, LE19 1WH, United Kingdom.
In conclusion, ADEY Innovation Limited is a pioneering company in the heating and plumbing industry, with a strong focus on sustainability and innovation. Its range of products and services, led by a dedicated team, has made a significant impact in the industry and continues to grow in popularity.
