SPIRENT COMMUNICATIONS PLC
Company Information
- Company Number
- 00470893
- Registered Address
- Origin One, 108 High Street, Crawley, England, RH10 1BD
- Status
- Active
- Employee Count
- 1621.0
- Turnover
- 372292000.0
- EBITDA
- 32418000.0
Additional Details
- Website
- https://www.spirent.com/
- Company Type
- Public limited Company
- Incorporated On
- 16 July 1949
- Nature of Business
- 61900 - Other telecommunications activities$70100 - Activities of head offices
- Industries
- Safety And Security
- Region
- South East
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 | 44 | 51% | 31% | 18% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 39 | 45% | 41% | 14% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | 35 | 48% | 41% | 11% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 11 Nov 2022 | 37 | 49% | 35% | 15% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 15 Feb 2022 | 34 | 57% | 33% | 10% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 34 | 55% | 35% | 9% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 42 | 50% | 38% | 12% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 34 | 53% | 34% | 13% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 30 | 59% | 34% | 7% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 30 | 61% | 36% | 3% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 27 | 69% | 28% | 3% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 30 | 67% | 28% | 5% | 10% |
Company Summary
SPIRENT COMMUNICATIONS PLC is a British multinational technology company that specializes in providing communication and network testing solutions
The company was founded in 1936 and is headquartered in Crawley, West Sussex
The company's main activities revolve around designing, developing, and manufacturing products and services for testing and monitoring networks, devices, and applications for a wide range of industries including telecommunications, aerospace, and automotive
SPIRENT is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes reducing energy consumption, waste generation, and emissions, as well as promoting sustainable practices throughout its supply chain
The company offers a wide range of products and services, including testing and measurement equipment, network and application performance management software, and cybersecurity solutions
These products and services help customers to ensure the reliability, security, and performance of their networks and applications
Some key people in SPIRENT include Eric Updyke, the CEO, and Paula Bell, the CFO
The company has a global presence with offices in over 30 countries and a diverse team of over 1,600 employees
For more information on SPIRENT and its products and services, you can visit their website at www.spirent.com
The registered office address is Spirent Communications PLC, Northwood Park, Gatwick Road, Crawley, West Sussex, RH10 9XN, United Kingdom
Company Review
Trend Analysis
The data shows a consistent trend of SPIRENT COMMUNICATIONS PLC taking longer to pay their invoices as the years progress. The average time to pay has increased from 30 days in 2018 to 44 days in 2023. This trend is also reflected in the percentage of invoices paid within 30 days, which has decreased from 67% in 2018 to 51% in 2023. Additionally, there is an increase in the percentage of invoices paid later than 60 days, from 5% in 2018 to 18% in 2023.
Volatility Analysis
The data shows some volatility in SPIRENT COMMUNICATIONS PLC's payment patterns. There are some fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days, but the overall trend is a decrease in timely payments. However, there is a more consistent increase in the percentage of invoices paid later than 60 days.
Summary Analysis
In the past three periods, SPIRENT COMMUNICATIONS PLC's average time to pay has increased from 30 days in 2018 to 44 days in 2023. The percentage of invoices paid within 30 days has decreased from 67% in 2018 to 57% in 2021. The worst period for SPIRENT COMMUNICATIONS PLC was in 2023, where the percentage of invoices paid later than 60 days was the highest at 18%. The company's shortest standard payment period has remained consistent at 1 day throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days from receipt of a valid invoice.
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
58
Dispute Resolution Process
Payment disputes should be reported to either Finance or Purchasing and can be further escalated to either the Purchasing or Accounting Managers for investigation and resolution, as appropriate.
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?
No information available
