| 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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 58 | 14% | 39% | 47% | 1% |
| 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 2023 - 30 Jun 2023 | 28 Jul 2023 | 52 | 19% | 36% | 45% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 52 | 21% | 41% | 38% | 9% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
ADEY Innovation Limited trades as ADEY, a manufacturer of products for central heating systems. Its range includes MagnaClean magnetic filters, water treatment chemicals and scale reducers, alongside water testing services for residential and commercial customers. The company designs and develops these products, which are sold on to homeowners, installers and social housing providers through UK merchant partners such as Wolseley and City Plumbing, plus a distributor for spare parts. It also offers training, a BIM store and tools such as a water hardness checker. Its stated aim is to help protect heating systems, reduce maintenance costs and improve tenant comfort for social housing providers.
Generated from the company's website and Companies House records. Sources: adeyspares.co.uk · adeyspares.co.uk