| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 Days from end of month terms for all suppliers, with the exception 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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dealt with on case by case basis. If payment overdue then payment made ASAP if invoice approved for 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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
ADEY Holdings (2008) Limited is registered in Gloucestershire and classified under head office activities, reflecting its role as a holding company within the ADEY group of businesses. The wider ADEY brand, part of Genuit Group, invented the world's first magnetic boiler filter, the MagnaClean, in 2003 and now supplies magnetic filters, water treatment chemicals, testing services and stopcocks for residential and commercial heating and cooling systems. Its products are used by installers and contractors across the UK and internationally to protect systems from corrosion and improve efficiency. The registered entity itself functions as a holding company for these operating brands rather than trading directly with customers.
Generated from the company's website and Companies House records. Sources: adey.com · adey.com