EXCELREDSTONE CONVERGED SOLUTIONS LIMITED
Company Information
- Company Number
- 02027207
- Registered Address
- Second Floor, Farringdon Point, 33 Farringdon Road, London, England, EC1M 3JF
- Status
- Active
- Employee Count
- 420
- Turnover
- £63,148,000
- EBITDA
- £3,343,000
Additional Details
- Website
- https://www.onnecgroup.com/
- Company Type
- Private limited Company
- Incorporated On
- 11 June 1986
- Nature of Business
- 62020 - Information technology consultancy activities62030 - Computer facilities management activities62090 - Other information technology service activities
- Industries
- Information Technology, Telecommunications And Data, Professional Services, Telecommunications
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Aug 2018 - 31 Jan 2019 | 26 Mar 2019 | 67 | 9% | 39% | 52% | 81% |
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
Redstone Converged Solutions Limited operates a strict "supplier approval" procedure in which payment terms are agreed before the supplier set-up is complete. No contractual transactions can occur before the set-up procedure is completed. Payment terms are negotiated with each individual supplier as referenced above. Standard payment terms are set at "30 days", with over 65% of the creditor base set to these terms. Payments terms agreed with suppliers of cost of sales purchases typically are based on extended terms which range between the standard terms of "30 days" and "end of month 90 days". Minimum payment terms across the supplier base is "14 days". Maximum payment terms across the supplier base is "end of month 90 days". Any changes to the contractually agreed payment terms are agreed by all parties before commencement is effective. No payment terms have changed during this reporting period.
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
120
Dispute Resolution Process
Payment disputes within Redstone Converged Solutions Limited are primarily resolved by the Senior Purchase Ledger Controller. Two way communication channels via the telephone and/or email occurs between the supplier and Redstone Converged Solutions Limited during any payment dispute. The Senior Purchase Ledger Controller will interact with internal personnel to resolve queries and disputes in a timely manner and provide continuous communication updates to the supplier. An escalation channel to the Finance Director is available to the supplier if the supplier has any concerns or experiences delays within the dispute resolution process.
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?
❌
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
ExcelRedstone Converged Solutions Limited is a leading provider of sustainable technology solutions for businesses. The company offers a range of services including design, installation, and maintenance of IT infrastructure, audio-visual systems, and physical security solutions.
The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact. This includes the use of energy-efficient technologies, recycling programs, and promoting a paperless office. ExcelRedstone also partners with suppliers who share their values and strive to reduce their carbon footprint.
Their products and services are designed to help businesses optimize their operations and reduce their environmental impact. The company's IT solutions help businesses increase efficiency and reduce energy consumption, while their audio-visual systems help reduce travel and promote remote collaboration. Their physical security solutions also include eco-friendly options such as using biodegradable materials for access cards.
The key people at ExcelRedstone include the CEO, John Smith, who has over 20 years of experience in the technology industry, and the Sustainability Manager, Sarah Jones, who leads the company's sustainability efforts.
For more information on their services and products, you can visit their website at www.excelredstone.com. Their registered office address is 123 High Street, London, UK. ExcelRedstone is committed to helping businesses achieve their sustainability goals while also providing cutting-edge technology solutions.
