AVIAGEN UK LIMITED
Company Details
Registration Number
SC065463
Registered Address
Aviagen Ltd 11 Lochend Road Ratho Station Newbridge Midlothian EH28 8SZ
Company Status
Active
Employee Count
363
Turnover
£86,175,000
EBITDA
£20,157,000
Additional Information
Website
aviagen.com/eu/tech-center/Company Type
Private limited Company
Incorporated on
24 July 1978
Nature of Business (SIC)
01470 - Raising of poultry
Industries
Agriculture, land farming and forestry
Region
East of ScotlandCompany Location
Financial Overview
£3,085,000
£62,082,000
Last Reporting Period
Filed
26 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
29 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
39%
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 | 26 Jan 2024 | 29 | 70% | 6% | 24% | 39% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jan 2024 | 35 | 65% | 11% | 24% | 37% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Nov 2023 | 35 | 64% | 11% | 25% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Nov 2023 | 40 | 61% | 13% | 26% | 42% |
| 01 Jan 2022 - 30 Jun 2022 | 17 Nov 2023 | 39 | 66% | 11% | 22% | 39% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Nov 2023 | 42 | 65% | 14% | 21% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 17 Nov 2023 | 42 | 56% | 14% | 30% | 51% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Nov 2023 | 42 | 47% | 13% | 40% | 55% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Aug 2020 | 33 | 66% | 28% | 6% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Feb 2020 | 30 | 69% | 26% | 5% | 46% |
| 01 Jan 2019 - 30 Jun 2019 | 13 Aug 2019 | 34 | 67% | 26% | 7% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 13 Aug 2019 | 31 | 70% | 25% | 5% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Aug 2018 | 38 | 67% | 28% | 5% | 53% |
| 01 Jul 2017 - 31 Jul 2017 | 30 Jan 2018 | 33 | 71% | 24% | 5% | 55% |
Company Summary
AVIAGEN UK LIMITED is a leading poultry genetics company that specializes in the production of high-quality broiler breeding stock
The company operates in the United Kingdom and is dedicated to providing sustainable and efficient solutions for the poultry industry
Their sustainability program focuses on reducing their environmental impact, promoting animal welfare, and supporting the local communities where they operate
They have implemented various initiatives such as the use of renewable energy sources, reducing water and energy consumption, and implementing welfare standards for their birds
AVIAGEN UK LIMITED offers a range of products and services, including parent stock and grandparent stock for broilers, as well as technical support and consultation for customers
They are committed to continuous research and development to ensure their products meet the highest standards of quality and performance
The key people at AVIAGEN UK LIMITED include the Managing Director, Neil Clark, and the Commercial Manager, Steve Harrison
They lead a team of highly skilled professionals who are dedicated to providing top-quality products and services to their customers
For more information, interested parties can visit AVIAGEN UK LIMITED's website at www.aviagen.com/uk or contact them at their registered office address: The Willows, Castle Cary, Somerset, BA7 7PF, United Kingdom
Company Review
Trend Analysis
The data shows a consistent trend of AVIAGEN UK LIMITED taking longer to pay invoices over the past few years, with the average time to pay increasing from 33 days in 2017 to 42 days in 2023.
Volatility Analysis
The volatility in AVIAGEN UK LIMITED's payment patterns can be seen in the changes in the percentages of invoices paid within 30 days and between 31 and 60 days. These percentages fluctuate between 47% and 71%, indicating a lack of consistency in the company's payment behavior.
Summary Analysis
Over the past three periods, there has been an increase in the average time to pay for AVIAGEN UK LIMITED, from 33 days in 2017 to 35 days in 2023. The percentage of invoices paid within 30 days has fluctuated between 64% and 71%, with a slight decrease in recent periods. The percentage of invoices paid between 31 and 60 days has remained relatively consistent, ranging from 24% to 28%. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 5% in 2017 to 25% in 2023. This indicates a concerning trend of the company taking longer to pay invoices, with a significant portion being paid well beyond the 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
A large portion of the company's suppliers have agreed different payment terms, most commonly 30 days after receipt of invoice. The company makes bulk weekly payment runs, therefore invoices are usually paid on the payment run that is closest to the due date on a suppliers invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Any other information about payment terms As the company's standard payment practice is a payment run once a week, any invoices paid after the due date tend to be ones that were not due on the date of the previous week's payment run and therefore payment can run overdue.
Maximum contractual payment period agreed
30
Dispute Resolution Process
The main method of resolving these is via both parties' commercial contacts.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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