Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time for AVISON YOUNG (UK) LIMITED to pay invoices has generally increased over the past three years, with a slight decrease in 2020. The percentage of invoices paid within 30 days has also been increasing, while the percentage of invoices paid between 31 and 60 days has been decreasing. However, the percentage of invoices paid later than 60 days has been fluctuating, with a peak in 2020.
The volatility of AVISON YOUNG (UK) LIMITED's payment behavior can be seen in the varying percentages of invoices paid later than 60 days. This suggests that the company may struggle with consistent payment practices and may need to improve their processes. However, the trend of increasing payments within 30 days suggests that the company may be making efforts to improve their payment efficiency.
| 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 2022 - 30 Jun 2022 | 29 Jul 2022 | 42 | 40% | 42% | 18% | 63% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 39 | 47% | 38% | 15% | 52% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 42 | 43% | 39% | 18% | 61% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 44 | 46% | 32% | 22% | 56% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 49 | 31% | 41% | 28% | 71% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 44 | 35% | 46% | 19% | 67% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 46 | 27% | 50% | 23% | 75% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 42 | 32% | 52% | 16% | 71% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 45 | 28% | 51% | 21% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms state that payment of third party invoices for goods and services will be made within 60 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative. Where the supplier is deemed to be a small sized entity the standard payment terms are reduced to 30 days from receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative.
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
90
We have good relationships with our suppliers and do not generally have significant disputes relating to payments. 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 dedicated accounts payable team.
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
Avison Young (UK) Limited is the UK operating business of the Avison Young global commercial real estate group, registered in Birmingham. It provides advisory and agency services across the property lifecycle, including finding, leasing and occupying space, portfolio and property management, planning, design and development, investment, sale, valuation and financing, and strategic consultancy. Clients include investors, occupiers and public sector bodies across office, industrial, retail, residential, healthcare and life sciences, and land and development sectors. The company also publishes market research and insights on UK commercial property markets, such as central London office trends and regional take-up figures.
Generated from the company's website and Companies House records. Sources: avisonyoung.co.uk · avisonyoung.co.uk