| 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?
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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 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.