SOFTWARE AG (UK) LIMITED

PaymentCheck Score 2023
83Good
2.7vs last year
#1541 in UK
#20 in Information Technology
#50 in East Midlands

Company Information

Company Number
01310740
Registered Address
24 Orient Way, Pride Park, Derby, England, DE24 8BY
Status
Active
Employee Count
202
Turnover
£53,103,000
EBITDA
£22,683,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 April 1977
Nature of Business
62020 - Information technology consultancy activities
Industries
Information Technology,Telecommunications And Data,Professional Services,Software
Region
East Midlands

Time to Pay

Average Time to Pay
26 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:31 days

Payment Timeline

Within 30 Days
81%
31-60 Days
13%
After 60 Days
6%
Not Paid Within Terms19%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-06-07
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202307 Jun 20241886%8%6%14%
01 Jan 2023 - 30 Jun 202307 Jun 20243275%14%11%25%
01 Jul 2022 - 31 Dec 202207 Jun 20243277%13%11%25%
01 Jan 2022 - 30 Jun 202207 Jun 20242681%13%6%19%
01 Jul 2019 - 31 Dec 201929 Jan 20202184%10%6%16%
01 Jan 2019 - 30 Jun 201923 Jul 20192973%18%9%27%

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

Standard 30 day terms

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

31

Dispute Resolution Process

Through dialogue and investigation with suppliers and ordering partners

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

SOFTWARE AG (UK) LIMITED is a leading provider of digital transformation and IT solutions, helping businesses to become more efficient and agile in today's fast-paced world. With a strong focus on sustainability, the company offers a range of products and services to help clients achieve their environmental and social goals.

Their sustainability program includes initiatives such as reducing carbon emissions, promoting diversity and inclusion, and supporting local communities. They also work with their clients to develop sustainable and responsible business practices.

The company's products and services include integration and API management, IoT solutions, cloud computing, and analytics. These offerings help businesses to streamline their operations, enhance customer experience, and make data-driven decisions.

Key people at SOFTWARE AG (UK) LIMITED include the Managing Director, John Schweitzer, and the Head of Sustainability, Sarah Wainwright. Both are experienced professionals with a strong commitment to driving the company's sustainability efforts.

To get in touch with SOFTWARE AG (UK) LIMITED, you can visit their website at www.softwareag.com/uk or contact their registered office at 26 Red Lion Square, London, WC1R 4HQ. With their focus on sustainability and innovative digital solutions, SOFTWARE AG (UK) LIMITED continues to be a leader in the industry.

Financial Metrics

Cash
£20,582,000
Net Worth
£48,562,000
Total Current Assets
£42,694,000
Total Current Liabilities
£21,488,000

Company Location