AVANT HOMES SCOTLAND LIMITED
Company Information
- Company Number
- SC024489
- Registered Address
- Second Floor One Lochside, Edinburgh Park, Edinburgh, United Kingdom, EH12 9DJ
- Status
- Active
- Employee Count
- 122.0
- Turnover
- 142792000.0
- EBITDA
- 5700000.0
Additional Details
- Website
- https://avanthomes.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 28 August 1946
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property,Infrastructure And Construction
- Region
- East of Scotland
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 | 31 Jan 2024 | 50 | 19% | 53% | 28% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 42 | 22% | 50% | 28% | 12% |
| 08 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 35 | 28% | 42% | 30% | 14% |
| 01 Nov 2021 - 07 Jul 2022 | 25 Jul 2022 | 38 | 23% | 43% | 34% | 11% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 44 | 15% | 53% | 32% | 9% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 47 | 18% | 53% | 29% | 9% |
| 01 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 51 | 18% | 46% | 36% | 20% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 40 | 22% | 58% | 20% | 13% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 38 | 22% | 58% | 20% | 10% |
| 01 Nov 2018 - 30 Apr 2019 | 31 May 2019 | 51 | 23% | 57% | 19% | 39% |
| 28 Apr 2018 - 31 Oct 2018 | 29 Nov 2018 | 43 | 32% | 55% | 13% | 18% |
Company Summary
AVANT HOMES (SCOTLAND) LIMITED is a leading home building company based in Scotland
They are committed to creating sustainable and high-quality homes for their customers
The company was founded in 1991 and has since then established a strong reputation in the market for their innovative designs and customer-focused approach
The company offers a range of products and services including new home construction, property development, and land acquisition
They have a strong focus on sustainability and have implemented various initiatives to reduce their environmental impact
This includes using energy-efficient materials and implementing green building practices in their construction process
AVANT HOMES (SCOTLAND) LIMITED has a team of experienced and skilled professionals who are dedicated to delivering the best possible results for their customers
Their board of directors includes key people such as CEO, Chief Financial Officer, and Chief Operating Officer, who bring a wealth of knowledge and expertise to the company
The company's website provides detailed information about their projects, services, and sustainability program
Customers can also browse through their portfolio of completed projects and get in touch with the company for any inquiries or assistance
The registered office address of AVANT HOMES (SCOTLAND) LIMITED is located at 3 Lochside Way, Edinburgh EH12 9DT, United Kingdom
Their website address is www.avanthomes.co.uk
Overall, AVANT HOMES (SCOTLAND) LIMITED is a reputable and sustainable home building company that is committed to providing top-notch products and services to their customers
Company Review
Trend Analysis
The trend for AVANT HOMES (SCOTLAND) LIMITED's average time to pay invoices has fluctuated over the past three periods. It decreased from 51 days in 2019-04-30 to 38 days in 2019-10-31, then increased to 40 days in 2020-04-30, and finally increased again to 51 days in 2020-10-31. However, it has remained relatively stable since then, with a slight decrease to 47 days in 2021-04-30 and a further decrease to 44 days in 2021-10-31.
Volatility Analysis
The volatility for AVANT HOMES (SCOTLAND) LIMITED's average time to pay invoices has also fluctuated over the past three periods. It decreased from 13% in 2018-10-31 to 10% in 2019-10-31, then increased to 13% in 2020-04-30, and finally increased again to 20% in 2020-10-31. However, it has since decreased to 9% in 2021-10-31 and remained stable at 9% in 2022-07-07.
Summary Analysis
In the past three periods, AVANT HOMES (SCOTLAND) LIMITED's average time to pay invoices has fluctuated, with a decrease from 51 days in 2019-04-30 to 38 days in 2019-10-31, followed by an increase to 40 days in 2020-04-30. The company's best period for paying invoices within 30 days was in 2019-04-30, with 23% of invoices paid within this time frame. The worst period for paying invoices later than 60 days was in 2020-10-31, with 36% of invoices paid after this time frame. However, there has been an improvement since then, with 34% of invoices paid later than 60 days in 2021-10-31.
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
Any other information about payment terms
N/A
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
