The trend for AIMIA LOYALTY ANALYTICS UK LIMITED shows a slight increase in the average time taken to pay invoices from 33 days in the first period to 36 days in the most recent period. This indicates a potential slowdown in payment processing.
The volatility for AIMIA LOYALTY ANALYTICS UK LIMITED remains relatively stable with only a slight increase in the percentage of invoices paid later than 60 days from 2% to 5% over the three periods.
The average time taken to pay invoices for AIMIA LOYALTY ANALYTICS UK LIMITED has increased from 33 days in the first period to 36 days in the most recent period. However, there has been a slight improvement in the percentage of invoices paid within 30 days, with a decrease from 79% to 74%. The percentage of invoices paid later than 60 days has also increased from 2% to 5% over the three periods. The company has maintained a standard payment period of 30 days throughout all three periods.
| 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 2018 - 30 Jun 2018 | 01 Aug 2018 | 33 | 79% | 19% | 2% | 1% |
This information is as reported by the business, and responses are in their own words.
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
Communication between supplier and accounts payable followed by internal reporting and follow up to ensure goods/service is receipted in a timely manner to allow invoice matching and then payment.
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
This company is registered as Aimia Loyalty Analytics UK Limited, with its SIC code covering other professional, scientific and technical activities. Evidence from the Aimia group's website indicates that Aimia's loyalty solutions business is now part of Kognitiv Corporation, distinct from Aimia Inc, which operates as a diversified holding conglomerate managing various investments. This suggests the UK entity was linked to the former loyalty analytics operations of the Aimia group before that business became part of Kognitiv. No further detail on current UK trading activity, services offered, or clients is provided in the available evidence.
Generated from the company's website and Companies House records. Sources: aimia.com