UNIT4 BUSINESS SOFTWARE LIMITED
Company Information
- Company Number
- 01737985
- Registered Address
- C/O Dac Beachcroft Llp Portwall Place, Portwall Lane, Bristol, United Kingdom, BS1 9HS
- Status
- Active
- Employee Count
- 341.0
- Turnover
- 73692000.0
- EBITDA
- 5644000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 July 1983
- Nature of Business
- 62020 - Information technology consultancy activities$62090 - Other information technology service activities
- Industries
- Software
- Region
- South West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 | 01 Feb 2024 | 36 | 32% | 54% | 14% | 65% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 50 | 19% | 51% | 30% | 79% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 41 | 39% | 34% | 27% | 65% |
| 01 Jun 2021 - 31 Dec 2021 | 28 Feb 2022 | 37 | 49% | 30% | 21% | 45% |
| 01 Jan 2021 - 30 Jun 2021 | 05 Oct 2021 | 33 | 50% | 43% | 7% | 40% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 28 | 68% | 28% | 6% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 30 | 63% | 30% | 7% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Mar 2020 | 33 | 54% | 34% | 12% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 30 | 70% | 25% | 5% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 30 | 67% | 27% | 6% | 5% |
Company Summary
UNIT4 BUSINESS SOFTWARE LIMITED is a UK-based company that provides innovative enterprise software solutions for businesses
The company was founded in 1980 and has since grown to become a leading provider of integrated business software
The company's sustainability program is focused on reducing its environmental impact through various initiatives such as energy-efficient operations and responsible waste management
They also prioritize ethical and responsible business practices, including fair treatment of employees and suppliers
UNIT4 offers a range of products and services to help businesses streamline their operations and improve efficiency
These include cloud-based ERP software, financial management systems, and human resource management solutions
Their products are designed to be user-friendly and customizable to meet the unique needs of each client
The key people at UNIT4 BUSINESS SOFTWARE LIMITED include CEO Mike Ettling, CFO Edwin van der Heijden, and CTO Gordon Wilson
They have a team of experienced professionals who are dedicated to delivering top-quality solutions and services to their clients
The company's website address is www.unit4.com, where customers can find more information about their products, services, and sustainability efforts
Their registered office address is UNIT4 Business Software Limited, Parkview, 82 Oxford Road, Uxbridge, Middlesex, UB8 1UX, United Kingdom
In conclusion, UNIT4 BUSINESS SOFTWARE LIMITED is a reputable company that provides sustainable and innovative business software solutions
With a strong focus on environmental responsibility and ethical business practices, they are committed to helping businesses achieve their goals while minimizing their impact on the planet
Company Review
Trend Analysis
The data for UNIT4 BUSINESS SOFTWARE LIMITED shows a trend of increasing average time to pay invoices, with a peak of 41 days in the first half of 2022. The percentage of invoices paid within 30 days has also decreased over time, with a low of 19% in the second half of 2022. The percentage of invoices paid later than 60 days has fluctuated, with a high of 30% in the second half of 2022.
Volatility Analysis
The data for UNIT4 BUSINESS SOFTWARE LIMITED shows a high volatility in the percentage of invoices paid within 30 days, ranging from 19% to 70%. The percentage of invoices paid later than 60 days has also shown volatility, ranging from 5% to 30%. This indicates that the company's payment process is not consistent and can fluctuate significantly between periods.
Summary Analysis
From 2018 to 2023, the average time for UNIT4 BUSINESS SOFTWARE LIMITED to pay invoices has increased from 30 days to 36 days. The percentage of invoices paid within 30 days has also decreased from 67% to 32%, while the percentage of invoices paid later than 60 days has increased from 6% to 54%. The company's shortest standard payment period has remained consistent at 7 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We are getting better and trying to pay sooner. The standard is to pay between 0 and 60 days.
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
90
Dispute Resolution Process
Communication with the payables team with the supplier.
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?
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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
