EXELA TECHNOLOGIES LIMITED
Company Information
- Company Number
- 01283512
- Registered Address
- Baronsmede, The Avenue, Egham, England, TW20 9AB
- Status
- Active
- Employee Count
- 355
- Turnover
- £27,027,000
- EBITDA
- £4,046,000
Additional Details
- Website
- https://banctec.com
- Company Type
- Private limited Company
- Incorporated On
- 27 October 1976
- Nature of Business
- 62012 - Business and domestic software development
- Industries
- Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for EXELA TECHNOLOGIES LIMITED to pay invoices has been decreasing since the start of 2019, with a slight increase in the last two periods. The percentage of invoices paid within 30 days has also been increasing since 2019, with a dip in the last period. However, the percentage of invoices paid later than 60 days has been consistently high throughout all periods.
Volatility Analysis
The average time taken to pay invoices has fluctuated between 40 and 71 days, with the largest change occurring between the first and second periods. The percentage of invoices paid within 30 days has fluctuated between 26% and 53%, with the largest change occurring between the second and third periods. The percentage of invoices paid later than 60 days has fluctuated between 22% and 48%, with the largest change occurring between the third and fourth periods.
Summary Analysis
From the available data, it can be seen that EXELA TECHNOLOGIES LIMITED has been consistently taking longer to pay invoices since the beginning of 2019. However, there has been a slight improvement in the last two periods. The percentage of invoices paid within 30 days has also been increasing, but there was a drop in the last period. The company's worst period for paying invoices was the last period (2021-07-01 to 2021-12-31) where 48% of invoices were paid later than 60 days. This is a significant increase compared to the previous period (2021-01-01 to 2021-06-30) where 32% of invoices were paid later than 60 days.
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 2021 - 31 Dec 2021 | 29 Jan 2022 | 49 | 53% | 22% | 25% | 70% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Aug 2021 | 51 | 38% | 30% | 32% | 79% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 63 | 42% | 25% | 33% | 79% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 67 | 38% | 26% | 37% | 85% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 71 | 32% | 20% | 48% | 87% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 63 | 26% | 28% | 45% | 93% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 52 | 39% | 26% | 35% | 78% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 40 | 45% | 33% | 22% | 79% |
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
30 days
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
90
Dispute Resolution Process
Any dispute or complaint is first referred to Purchasing Manager - Elaine Matthews. 2nd level escalation is done to Finance VP.(Ajay Surana). Usual time scale is 48 hours
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
EXELA TECHNOLOGIES LIMITED is a global company that provides digital transformation solutions and technologies to businesses. They offer a wide range of services including document management, data analytics, and automation to improve efficiency and productivity for their clients.
The company has a strong focus on sustainability and is committed to reducing its environmental impact. They have implemented various initiatives such as energy-efficient buildings, paperless processes, and employee training on sustainability practices.
EXELA TECHNOLOGIES LIMITED offers innovative products and services to their clients, including cloud-based solutions, digital payment platforms, and customer communication management. These services help businesses streamline their operations and improve their customer experience.
The key people at EXELA TECHNOLOGIES LIMITED include CEO, Ron Cogburn, and President, Vikram Dham. Both leaders have extensive experience in the technology industry and are driving the company's growth and success.
To learn more about EXELA TECHNOLOGIES LIMITED and their services, individuals can visit their website at www.exelatech.com. The company's registered office address is 4th Floor, 1 Water Lane, Wilmslow, Cheshire, SK9 5BG, United Kingdom.
