ADVANCED 365 LIMITED

PaymentCheck Score 2025
34Poor
9.2vs last year
#4227 in UK
#64 in Software
#263 in West Midlands

Company Information

Company Number
02124540
Registered Address
The Mailbox Level 3, 101 Wharfside Street, Birmingham, United Kingdom, B1 1RF
Status
Active
Employee Count
0
Turnover
£41,833,000
EBITDA
-£3,716,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 April 1987
Nature of Business
62090 - Other information technology service activities
Industries
Software
Region
West Midlands

Time to Pay

Average Time to Pay
49 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
17%
31-60 Days
63%
After 60 Days
20%
Not Paid Within Terms85%

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: 2025-03-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2024 - 28 Feb 202531 Mar 20254917%63%20%85%
01 Sept 2023 - 29 Feb 202430 Apr 20243454%19%27%48%
01 Mar 2023 - 31 Aug 202308 Feb 20242576%12%12%25%
01 Mar 2022 - 31 Aug 202203 Oct 20226812%55%33%89%

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 payment terms are 30 days following invoice date.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

All disputes are looked into by the Accounts Payable team in the first instance, if the team are not able to resolve the issue the matter is raised to the company’s procurement function to resolve in an appropriate manner.

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

Advanced 365 Limited is a leading provider of IT services and solutions based in the United Kingdom. They offer a wide range of products and services to help businesses improve their IT infrastructure, increase efficiency, and drive innovation.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability team that works towards achieving their goals, including reducing carbon emissions, promoting recycling and responsible waste management, and using renewable energy sources.

Advanced 365 Limited offers a comprehensive range of IT services, including cloud solutions, managed services, cybersecurity, and consultancy. They also provide bespoke software development and support services to meet the specific needs of their clients.

The key people at Advanced 365 Limited include their Managing Director, Chief Operating Officer, and Chief Technology Officer. They have a team of highly skilled and experienced professionals who are dedicated to delivering high-quality services to their clients.

The company's registered office address is 5 Fleet Place, London, EC4M 7RD, United Kingdom. They can be contacted through their website, www.advanced.co.uk, where more information about their services and sustainability program can be found. Advanced 365 Limited is committed to providing innovative and sustainable IT solutions to help businesses thrive in today's digital world.

Financial Metrics

Cash
£299,000
Net Worth
£13,041,000
Total Current Assets
£89,795,000
Total Current Liabilities
£80,204,000

Company Location