ASAHI UK LTD

Company Information

Company Number
11778384
Registered Address
Griffin Brewery, Chiswick Lane South, London, England, W4 2QB
Status
Active
Employee Count
588.0
Turnover
512200000.0
EBITDA
3904000.0

Additional Details

Company Type
Private limited Company
Incorporated On
21 January 2019
Nature of Business
11050 - Manufacture of beer
Industries
Lifestyle And Entertainment
Region
London

Company Location

Loading map...

Financial Metrics

Cash
£3,669,000.00
Net Worth
£87,964,000.00
Total Current Assets
£152,658,000.00
Total Current Liabilities
£135,946,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
60 days
Shortest Period:30 days
Longest Period:90 days
Max Contractual:180 days

Payment Timeline

Within 30 Days
14%
31-60 Days
50%
After 60 Days
36%
Not Paid Within Terms35%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✓ Yes

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20246014%50%36%35%
01 Jan 2023 - 30 Jun 202331 Jul 20235716%55%29%29%
01 Jul 2022 - 31 Dec 202227 Jan 20235713%58%29%35%
01 Jan 2022 - 30 Jun 202225 Jul 20226010%56%34%41%
01 Jul 2021 - 31 Dec 202131 Jan 20225813%57%30%40%
01 Jan 2021 - 30 Jun 202129 Jul 20215717%55%28%38%
01 Jul 2020 - 31 Dec 202029 Jan 20216121%50%29%40%
01 Jan 2020 - 30 Jun 202025 Aug 20206926%43%31%37%

Company Summary

ASAHI UK LTD is a subsidiary of Asahi Group Holdings, Ltd, a leading global food and beverage company

Based in London, ASAHI UK LTD is responsible for the sales, marketing, and distribution of Asahi's products in the United Kingdom

The company's sustainability program is centered on three key areas: environmental sustainability, responsible sourcing, and community engagement

They are committed to reducing their environmental impact by implementing energy-saving measures, waste reduction strategies, and promoting sustainable packaging

ASAHI UK LTD also works closely with their suppliers to ensure responsible sourcing of ingredients and materials

Additionally, the company actively engages with local communities through various initiatives, such as volunteering and charitable donations

ASAHI UK LTD offers a range of popular products, including Asahi Super Dry beer, Peroni Nastro Azzurro, and Meantime Brewing Company craft beers

They also distribute other well-known brands, such as Pilsner Urquell and Grolsch

The company's key people include CEO Hector Gorosabel and Managing Director Tim Clay

They lead a team of over 300 employees who are dedicated to providing high-quality products and services to their customers

For further information on ASAHI UK LTD, their products, and sustainability efforts, interested individuals can visit their website at https://www.asahiinternational.com/uk/

The registered office address for the company is 17-18 Henrietta Street, London, WC2E 8QH, United Kingdom

Company Review

Trend Analysis

The average time taken for ASAHI UK LTD to pay invoices to suppliers has generally decreased over the past three periods, with a slight increase in the most recent period. This suggests that the company has been improving their payment efficiency.

Volatility Analysis

The percentage of invoices paid within 30 days has fluctuated between 10% and 26%, showing some volatility in this metric. However, the percentage of invoices paid later than 60 days has remained relatively stable, ranging from 28% to 36%.

Summary Analysis

Overall, ASAHI UK LTD has been improving their payment efficiency, with the average time to pay decreasing from 69 days to 57 days over the past three periods. The percentage of invoices paid within 30 days has also increased from 26% to 16%, while the percentage of invoices paid later than 60 days has decreased from 31% to 29%. However, there is still room for improvement as the company has consistently had a high percentage of invoices not paid within agreed terms.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Our standard Group payment terms are 90 days from receipt of correct invoice, and invoices are paid weekly where due, past due or where due within 7 days of the payment run. Contracts with up to 180 day terms are limited to large strategic supply partners who can benefit from Asahi’s supply chain finance, at competitive interest rates.

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

A preferential Supplier Financing facility is available to our suppliers. This arrangement enables payment to suppliers earlier than standard or contracted payment terms.

Maximum contractual payment period agreed

180

Dispute Resolution Process

Supplier payment issues that arise in the first instance are addressed by the shared financial services team. Depending on the issue, Procurement, Finance or Supply Chain may be involved to resolve any disputes or issues.

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