Ranked in 4 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 83.45/100 qualifies for PaymentCheck Certification
| 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 | 07 Jun 2024 | 18 | 86% | 8% | 6% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Jun 2024 | 32 | 75% | 14% | 11% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Jun 2024 | 32 | 77% | 13% | 11% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Jun 2024 | 26 | 81% | 13% | 6% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 16 | 87% | 8% | 5% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 45 | 52% | 28% | 20% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 16 | 85% | 10% | 5% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 21 | 84% | 10% | 6% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 29 | 73% | 18% | 9% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 29 | 76% | 16% | 8% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
All 30 days as standard
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
standard 30 days
Maximum contractual payment period agreed
30
Customers would call the accounts payable department in the first instance. The AP department would then follow up with either the purchase requester, the head of the department for which the purchase related or the Finance Director as appropriate. This process can take as little time as a day but may take longer depending on the length of time it takes to get confirmation for payment from the above mentioned individuals.
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
Software AG (UK) Limited is a private limited company registered in England, incorporated in 1977. Companies House records show it has previously traded as Software AG of the United Kingdom Limited, Adabas Software Limited and Fiesole Limited. Its registered Standard Industrial Classification is information technology consultancy activities. A person with significant control filing shows Software AG ceased to be a controlling entity in August 2024, indicating the company operated within, or had links to, the wider Software AG corporate group. No further detail on specific services, clients or products is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk