ANDOR TECHNOLOGY LIMITED

PaymentCheck Score 2025
65Fair
4.4vs last year
#2731 in UK
#33 in Northern Ireland

Company Information

Company Number
NI022466
Registered Address
7 Millennium Way, Springvale Business Park, Belfast, BT12 7AL
Status
Active
Employee Count
318
Turnover
£76,912,000
EBITDA
£16,331,000

Additional Details

Company Type
Private limited Company
Incorporated On
15 March 1989
Nature of Business
26701 - Manufacture of optical precision instruments
Industries
Coming Soon
Region
Northern Ireland

Time to Pay

Average Time to Pay
37 days
Shortest Period:0 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
47%
31-60 Days
39%
After 60 Days
14%
Not Paid Within Terms38%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-10-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202506 Nov 20253755%36%9%33%
01 Oct 2024 - 31 Mar 202530 May 20253952%36%12%33%
01 Oct 2023 - 31 Mar 202419 Apr 20244143%42%15%38%
01 Apr 2023 - 30 Sept 202319 Apr 20244234%51%16%49%
01 Oct 2022 - 31 Mar 202326 May 20233945%41%14%58%
01 Apr 2022 - 30 Sept 202230 Mar 20233848%38%14%36%
01 Oct 2021 - 31 Mar 202215 Nov 20224333%48%19%50%
01 Apr 2021 - 30 Sept 202117 Dec 20214337%45%18%42%
01 Oct 2020 - 31 Mar 202110 Aug 20214537%43%21%49%
01 Apr 2020 - 30 Sept 202024 May 20214730%48%22%56%
01 Oct 2019 - 31 Mar 202024 May 20214737%43%20%48%
01 Apr 2019 - 30 Sept 201912 Nov 20194631%49%20%53%
01 Oct 2018 - 31 Mar 201905 Jun 20194537%45%18%51%
01 Apr 2018 - 30 Sept 201830 Oct 20184626%53%21%63%

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

Payment terms differ between suppliers but are typically between 30 and 60 days

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

No information available

Any other information about payment terms

Invoices are paid only if correctly presented with all necessary information and only when approved by the relevant buyer. As a result, payment terms may be impacted where time is required to resolve queries. We execute two payment runs per month for each transactional currency.

Maximum contractual payment period agreed

45

Dispute Resolution Process

Payment disputes are handled by the Accounts Payable team, which liaises with the suppliers and the company’s buyers as necessary to resolve invoice and payment queries in a timely manner. Where correction of an invoice is necessary, payment is processed as soon as reasonably practicable following receipt of corrected invoice. The Accounts Payable team may be contacted via a dedicated Accounts Payable mailbox or by telephone.

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

ANDOR TECHNOLOGY LIMITED is a highly innovative and sustainable company that specializes in designing and manufacturing high-performance scientific imaging cameras and solutions. Founded in 1989, the company is located in Belfast, Northern Ireland, and has a global presence with offices in the USA, China, Japan, and Germany.

The company's sustainability program is an integral part of their operations, with a strong focus on reducing their environmental impact and promoting responsible practices. This includes using eco-friendly materials in their products, implementing energy-efficient processes, and actively working towards reducing their carbon footprint. ANDOR also partners with local organizations to support community initiatives and promote sustainability awareness.

ANDOR offers a wide range of cutting-edge scientific imaging cameras, spectrographs, and microscopy systems that are used in various research fields such as life sciences, astronomy, and material sciences. Their products are known for their high sensitivity, low noise, and advanced performance, making them a preferred choice for many researchers and scientists. The company also provides customized solutions to meet the specific needs of their clients.

The key people at ANDOR TECHNOLOGY LIMITED include the CEO, Donal Denvir, and the Managing Director, Elliot Dawson, who are both highly experienced and have been with the company for over 20 years. They are supported by a team of dedicated professionals who are committed to delivering innovative and sustainable solutions to their customers.

For more information on their products and services, ANDOR TECHNOLOGY LIMITED can be contacted through their website, www.andor.com, or through their registered office at 7 Millennium Way, Springvale Business Park, Belfast, BT12 7AL, UK. With their strong focus on sustainability and continuous innovation, ANDOR TECHNOLOGY LIMITED is a leading player in the scientific imaging industry and is poised for further growth and success in the future.

Financial Metrics

Cash
£8,518,000
Net Worth
£44,511,000
Total Current Assets
£51,440,000
Total Current Liabilities
£19,769,000

Company Location