AVANT HOMES GROUP LIMITED
Company Information
- Company Number
- 09304211
- Employee Count
- 692
- Turnover
- £667,011,000
- EBITDA
- £87,786,000
Additional Details
- Industries
- Property,Infrastructure And Construction
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 52 | 17% | 54% | 29% | 11% |
| 01 Nov 2021 - 07 Jul 2022 | 25 Jul 2022 | 44 | 23% | 48% | 29% | 12% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 44 | 22% | 49% | 29% | 11% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 45 | 22% | 50% | 28% | 10% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 33 | 33% | 52% | 15% | 9% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 33 | 38% | 53% | 9% | 16% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The payment terms adopted by the Avant Homes Group are for invoices to be settled on the next payment run following the credit terms requested by the respective supplier. These terms range from immediate payment, to payment falling due at the end of the month following the invoice date. Consequently, when the invoice is approved by the appropriate delegated authority, it is allocated for payment accordingly. The Avant Homes Group standard payment terms is 60 days which is applied to all new suppliers. There have been no changes to this policy during the reporting period.
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
Dispute Resolution Process
At Avant, we strive to resolve queries and disputes on a timely basis. In respect of subcontractors, our dispute resolution process involves a collaborative review of progress on site between Avant surveyor and subcontractor, inclusive of Avant quality check, with reference to the application made. In the majority of circumstances, our commercial staff will resolve a dispute directly with the subcontractor. In respect of suppliers, goods received are inspected and receipted on site with any issues arising communicated to the supplier via telephone or email. In the rare event that a dispute cannot be resolved by commercial staff the matter will be referred to our in-house legal counsel. The figures above have not been amended to remove invoices where were under query or dispute.
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.
❌
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.
❌
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.
❌
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
Company Summary
AVANT HOMES GROUP LIMITED is a UK-based property development company that specializes in building high-quality homes across the country. The company is committed to sustainability and has implemented various programs to reduce their environmental impact.
Their sustainability program includes using eco-friendly materials in the construction of their homes, incorporating energy-efficient features, and promoting sustainable transportation options for their residents. They also have a strong focus on waste reduction and have implemented recycling initiatives across their developments.
AVANT HOMES GROUP LIMITED offers a range of products and services, including new build homes, affordable housing options, and luxury apartments. They also offer a variety of amenities such as communal gardens, play areas, and fitness facilities for their residents.
Key people within AVANT HOMES GROUP LIMITED include the CEO, Ian Sadler, and the Managing Director, David Hughes. They lead a team of experienced professionals who are dedicated to delivering high-quality homes and excellent customer service.
The company's website (www.avanthomes.co.uk) provides information about their current and upcoming developments, as well as resources for potential buyers. Their registered office address is located at Rutland House, 148 Edmund Street, Birmingham, B3 2FD.
In summary, AVANT HOMES GROUP LIMITED is a leading property development company in the UK that is committed to sustainability and offers a range of high-quality homes and services. With a strong leadership team and a focus on customer satisfaction, they continue to be a trusted choice for homebuyers.
