ASAHI UK LTD
Company Details
Registration Number
11778384
Registered Address
Griffin Brewery Chiswick Lane South London England W4 2QB
Company Status
Active
Employee Count
588
Turnover
£512,200,000
EBITDA
£3,904,000
Additional Information
Website
www.asahibeer.co.uk/Company Type
Private limited Company
Incorporated on
21 January 2019
Nature of Business (SIC)
11050 - Manufacture of beer
Industries
Alcoholic beverages
Region
LondonCompany Location
Financial Overview
£3,669,000
£87,964,000
Last Reporting Period
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
60 days
Payment Periods
Shortest
30 days
Longest
90 days
Max Contractual
180 days
Payment Timeline
Not Paid Within Terms
35%
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 2023 - 31 Dec 2023 | 30 Jan 2024 | 60 | 14% | 50% | 36% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 57 | 16% | 55% | 29% | 29% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 57 | 13% | 58% | 29% | 35% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 60 | 10% | 56% | 34% | 41% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 58 | 13% | 57% | 30% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 57 | 17% | 55% | 28% | 38% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 61 | 21% | 50% | 29% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Aug 2020 | 69 | 26% | 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?
❌
