ADVANCED 365 LIMITED
Company Information
- Company Number
- 02124540
- Registered Address
- The Mailbox Level 3, 101 Wharfside Street, Birmingham, United Kingdom, B1 1RF
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 41833000.0
- EBITDA
- -3716000.0
Additional Details
- Website
- https://bsgdelivers.com
- Company Type
- Private limited Company
- Incorporated On
- 21 April 1987
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- West Midlands
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 Mar 2023 - 31 Aug 2023 | 08 Feb 2024 | 25 | 76% | 12% | 12% | 25% |
| 01 Sept 2022 - 28 Feb 2023 | 11 Apr 2023 | 65 | 2% | 62% | 36% | 98% |
| 01 Mar 2022 - 31 Aug 2022 | 03 Oct 2022 | 68 | 12% | 55% | 33% | 89% |
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
Company Review
Trend Analysis
The trend for Advanced 365 Limited's average time to pay invoices has been decreasing over the past three periods. In March 2022, the average time to pay was 68 days, which decreased to 65 days in September 2022, and then significantly dropped to 25 days in March 2023.
Volatility Analysis
The data for Advanced 365 Limited shows a high level of volatility in their payment practices. In March 2022, the average time to pay was 68 days, which decreased to 65 days in September 2022, and then significantly dropped to 25 days in March 2023. This indicates that the company has made significant efforts to improve their payment processes.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days following invoice date
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
60
Dispute Resolution Process
All disputes are looked at by the Accounts Payable team in the first instance. If the team are not able to resolve, 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.
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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
