ADEY HOLDINGS 2008 LIMITED
Company Details
Registration Number
06738605
Registered Address
Unit 2 St Modwen Park Haresfield Stonehouse Gloucestershire United Kingdom GL10 3EZ
Company Status
Active
Employee Count
0
Turnover
£0
EBITDA
£-36,000
Additional Information
Website
adey.comCompany Type
Private limited Company
Incorporated on
31 October 2008
Nature of Business (SIC)
70100 - Activities of head offices
Industries
Building materials, tools and accessories
Region
South WestCompany Location
Financial Overview
£0
£-3,464,000
Last Reporting Period
Filed
30 Jan 2020
Period
01 Jul 2019 - 31 Dec 2019
Payment Timing
Average Time to Pay
51 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
10%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2019 - 31 Dec 2019 | 30 Jan 2020 | 51 | 18% | 38% | 44% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Oct 2019 | 51 | 20% | 36% | 44% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 49 | 22% | 35% | 43% | 9% |
Company Summary
ADEY HOLDINGS (2008) LIMITED is a UK-based company that specializes in the manufacture and distribution of water treatment products for commercial and domestic heating systems
The company was founded in 2008 and has since become a market leader in the industry
The company's sustainability program focuses on reducing its carbon footprint and promoting sustainable practices throughout its operations
They have implemented energy-efficient measures in their manufacturing processes and have also invested in renewable energy sources
ADEY also works closely with its suppliers to ensure that they adhere to ethical and sustainable practices
ADEY's main product is the MagnaClean, a magnetic filter that helps to remove debris and contaminants from heating systems, improving their efficiency and longevity
The company also offers a range of water treatment chemicals and accessories for maintaining and protecting heating systems
The key people at ADEY HOLDINGS (2008) LIMITED include Chris Adey, the founder and CEO, and David Jowett, the Managing Director
Both have extensive experience in the heating and water treatment industry
For more information on ADEY and its products and services, you can visit their website at www.adey.com
Their registered office address is ADEY House, St David's Court, Union Street, Bristol, BS1 3JD, United Kingdom
Company Review
Trend Analysis
The average time for ADEY HOLDINGS (2008) LIMITED to pay invoices has been consistently increasing from 2018 to 2019, with a slight decrease in the last period. The percentage of invoices paid within 30 days has also decreased over the past three periods, while the percentage of invoices paid between 31 and 60 days has increased. The percentage of invoices paid later than 60 days has remained relatively stable, with a slight increase in the last period.
Volatility Analysis
There is low volatility in the average time taken for ADEY HOLDINGS (2008) LIMITED to pay invoices, as the changes between each period are minimal. However, there is slightly higher volatility in the percentage of invoices paid within 30 days, as there is a larger decrease in the last period compared to the previous two. The volatility in the percentage of invoices paid between 31 and 60 days is also higher, as there is a larger increase in the last period compared to the previous two.
Summary Analysis
From January 2018 to December 2019, ADEY HOLDINGS (2008) LIMITED has seen a consistent increase in the average time taken to pay invoices. There has also been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. The percentage of invoices paid later than 60 days has remained stable. The shortest (or only) standard payment period for the company is 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 Days from end of month terms for all suppliers, with the expection of very small suppliers/sole traders who are paid on 30 days from end of month terms
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
60
Dispute Resolution Process
Dealt with on case by case basis. If payment overdue then payment made ASAP if Invoice approved for payment
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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