MICRO FOCUS LIMITED
Company Information
- Company Number
- 01504593
- Registered Address
- The Lawn, 22-30 Old Bath Road, Newbury, Berkshire, RG14 1QN
- Status
- Active
- Employee Count
- 398
- Turnover
- £31,046,000
- EBITDA
- £6,869,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 June 1980
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for MICRO FOCUS LIMITED to pay invoices has fluctuated over the past three periods, but has generally decreased from 63 days in May 2020 to 26 days in July 2023.
Volatility Analysis
The volatility of the average time to pay for MICRO FOCUS LIMITED has been relatively high, with a range of 37 days from the highest (63 days in May 2020) to the lowest (26 days in July 2023).
Summary Analysis
In the most recent period (July 2023), MICRO FOCUS LIMITED has shown significant improvement in paying invoices on time, with 74% of invoices paid within 30 days and only 4% paid later than 60 days. This is a notable improvement from the previous period (May 2023), where only 68% of invoices were paid within 30 days and 6% 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 2023 - 31 Dec 2023 | 30 Jan 2024 | 26 | 74% | 22% | 4% | 28% |
| 01 Nov 2022 - 30 Jun 2023 | 27 Jul 2023 | 30 | 68% | 26% | 6% | 32% |
| 01 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 30 | 67% | 29% | 4% | 28% |
| 01 Nov 2021 - 30 Apr 2022 | 27 May 2022 | 27 | 76% | 21% | 3% | 29% |
| 01 May 2021 - 31 Oct 2021 | 29 Nov 2021 | 45 | 55% | 24% | 21% | 31% |
| 01 Nov 2020 - 30 Apr 2021 | 01 Jun 2021 | 48 | 52% | 29% | 19% | 52% |
| 01 May 2020 - 31 Oct 2020 | 26 Nov 2020 | 63 | 39% | 31% | 30% | 58% |
| 01 Nov 2019 - 30 Apr 2020 | 16 Dec 2020 | 54 | 26% | 50% | 24% | 82% |
| 01 May 2019 - 31 Oct 2019 | 16 Dec 2020 | 60 | 39% | 30% | 29% | 65% |
| 01 Nov 2018 - 30 Apr 2019 | 16 Dec 2020 | 44 | 49% | 35% | 14% | 70% |
| 01 May 2018 - 31 Oct 2018 | 16 Dec 2020 | 42 | 48% | 37% | 15% | 74% |
| 01 Nov 2017 - 30 Apr 2018 | 16 Dec 2020 | 42 | 47% | 38% | 15% | 66% |
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
The standard payment term is sixty (60) days from the receipt of a valid invoice. Some suppliers and supply categories, like essential services, will have payment terms negotiated in advance that will be different from the Micro Focus Limited standard payment term. It is Micro Focus Limited’ practice to issue payment for invoices that become due in the next payment run. If an invoice comes due after a payment run, payment will be issued in the next available payment run.
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
75
Dispute Resolution Process
If any invoice is disputed, Micro Focus Limited agrees to negotiate in good faith to resolve the dispute. Suppliers can contact the Micro Focus Limited Accounts Payable Department (the current contact details of which are MFI-MFAPCRC@opentext.com), or their Micro Focus Limited representative, in connection with disputed invoices, as well as for invoice status and any other payment related questions.
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
Micro Focus Limited is a multinational software company based in Newbury, United Kingdom. The company was founded in 1976 and has since grown to become a global leader in providing innovative software solutions to businesses of all sizes.
The company offers a wide range of products and services, including application modernization, data management, security, and analytics. They specialize in helping businesses optimize and modernize their existing IT systems, as well as develop new applications and processes.
In addition to their software services, Micro Focus Limited has also implemented a sustainability program to reduce their environmental impact. This includes initiatives such as reducing energy consumption, minimizing waste, and promoting sustainable practices throughout their supply chain.
The key people at Micro Focus Limited include the CEO, Stephen Murdoch, and the Chairman, Kevin Loosemore. They are supported by a team of experienced professionals who are committed to driving the company's success and growth.
For more information about Micro Focus Limited and their products and services, you can visit their website at www.microfocus.com. Their registered office address is The Lawn, 22-30 Old Bath Road, Newbury, Berkshire, RG14 1QN, United Kingdom.
