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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Supplier makes contact with original point of contact. If query can’t be resolved by original contact then escalated to their manager for resolution.
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
Imagination Technologies Limited is the entity behind Imagination, a semiconductor IP design business based in Kings Langley, Hertfordshire, with additional UK offices in Cambridge and Bristol. It develops GPU intellectual property and edge AI acceleration technology, licensing designs for graphics processing, AI inference and compute workloads to chip manufacturers rather than producing physical devices itself. Its PowerVR architecture, now in its thirteenth generation, targets mobile, automotive, consumer electronics, desktop and data centre markets. The company describes itself as an original provider of GPU IP for smartphones and a leading supplier for automotive cockpit and infotainment systems. It has recently secured a $100 million investment from Fortress Investment Group to support continued development of its graphics, compute and AI technologies.
Generated from the company's website and Companies House records. Sources: imaginationtech.com · imaginationtech.com · imaginationtech.com