IMAGINATION TECHNOLOGIES LIMITED
Company Information
- Company Number
- 01306335
- Registered Address
- Imagination House, Home Park Estate, Kings Langley, Hertfordshire, WD4 8LZ
- Status
- Active
- Employee Count
- 481
- Turnover
- £86,254,000
- EBITDA
- -£20,985,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 April 1977
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for IMAGINATION TECHNOLOGIES LIMITED has fluctuated over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has remained consistent, while the percentage of invoices paid between 31 and 60 days has decreased. The percentage of invoices paid later than 60 days has also decreased, indicating an improvement in timely payments. However, the percentage of invoices not paid within agreed terms has increased in the most recent period.
Volatility Analysis
The average time to pay for IMAGINATION TECHNOLOGIES LIMITED has shown volatility over the past three periods, with a decrease in the second period followed by an increase in the third period. The percentage of invoices paid within 30 days has remained stable, while the percentage of invoices paid between 31 and 60 days has shown slight fluctuations. The percentage of invoices paid later than 60 days has also shown volatility, with a decrease in the most recent period. The percentage of invoices not paid within agreed terms has shown volatility, with an increase in the most recent period.
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 Jan 2019 - 30 Jun 2019 | 07 Oct 2019 | 17 | 76% | 21% | 3% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 18 Jul 2019 | 12 | 92% | 6% | 2% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 14 Aug 2018 | 16 | 83% | 13% | 4% | 39% |
| 01 May 2017 - 31 Dec 2017 | 14 Aug 2018 | 17 | 83% | 14% | 3% | 45% |
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 from date of receipt of 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
45
Dispute Resolution Process
Supplier makes contact with original point of contact. If query can’t be resolved by original contact then escalated to their manager for resolution.
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?
❌
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
IMAGINATION TECHNOLOGIES LIMITED is a British-based company that specializes in developing and licensing cutting-edge semiconductor and software technology for a variety of industries. The company was founded in 1985 and is headquartered in Kings Langley, Hertfordshire, with offices and research facilities worldwide.
The company's sustainability program is focused on reducing its environmental impact by implementing eco-friendly practices and promoting energy efficiency. They have also set targets to reduce their carbon footprint and increase their use of renewable energy sources. In addition, they prioritize ethical and responsible business practices, ensuring fair treatment of employees, suppliers, and customers.
IMAGINATION TECHNOLOGIES LIMITED is best known for their PowerVR graphics technology, which is used in a wide range of consumer electronics, including smartphones, tablets, and gaming consoles. They also offer a range of other products and services, such as artificial intelligence and machine learning solutions, connectivity technologies, and audio and video processing.
The key people at IMAGINATION TECHNOLOGIES LIMITED include Ron Black, the CEO, and Kevin Smith, the CFO. The company also has a board of directors and a team of experienced executives and engineers who are dedicated to driving innovation and growth.
For more information on their products and services, the company's website can be found at www.imgtec.com. Their registered office address is Imagination House, Home Park Estate, Kings Langley, Hertfordshire, WD4 8LZ, United Kingdom. IMAGINATION TECHNOLOGIES LIMITED is committed to delivering cutting-edge technology while also being mindful of their environmental and social impact, making them a leader in the industry.
