SPIRE TECHNOLOGY LIMITED

PaymentCheck Score 2025
66Fair
3.5vs last year
#2706 in UK
#42 in Information Technology
#142 in South West

Company Information

Company Number
02447513
Registered Address
5 Blackmoor Road, Ebblake Industrial Estate, Verwood, Dorset, BH31 6AX
Status
Active
Employee Count
63
Turnover
£103,243,000
EBITDA
£1,614,000

Additional Details

Company Type
Private limited Company
Incorporated On
29 November 1989
Nature of Business
46510 - Wholesale of computers, computer peripheral equipment and software
Industries
Information Technology,Telecommunications And Data,Supply Chain,Manufacturing And Commerce Models
Region
South West

Time to Pay

Average Time to Pay
35 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
46%
31-60 Days
51%
After 60 Days
3%
Not Paid Within Terms23%

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: 2025-07-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202524 Jul 20253546%51%3%23%
28 Apr 2024 - 31 Dec 202407 Jan 20253443%54%3%26%
28 Oct 2023 - 27 Apr 202429 Apr 20243739%56%5%42%
29 Apr 2023 - 27 Oct 202330 Oct 20233444%55%1%26%
29 Oct 2022 - 28 Apr 202303 May 20233453%43%4%30%
30 Apr 2022 - 28 Oct 202202 Nov 20223643%53%4%30%
30 Oct 2021 - 29 Apr 202203 May 20223544%50%6%32%
01 May 2021 - 29 Oct 202101 Nov 20213443%54%3%37%
01 Oct 2020 - 30 Apr 202106 May 20213342%54%4%41%

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

End of following month.

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

90

Dispute Resolution Process

Reasons for not being able to pay based on agreed terms include receiving late or non-compliant invoices or invoices that are in dispute. We have an accounts payable team which are reachable by email. Vendors with invoice queries can contact this team. The accounts payable team will reach out to Spire's internal business contacts to investigate why the invoice has not been approved for payment.

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

SPIRE TECHNOLOGY LIMITED is a leading technology company that offers innovative and sustainable solutions to its customers. The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact.

One of the key activities of SPIRE TECHNOLOGY LIMITED is the development and manufacturing of high-quality and energy-efficient products. These include electronic devices, such as laptops, tablets, and smartphones, as well as home appliances, such as refrigerators, washing machines, and air conditioners. The company also offers a range of IT services, including software development and IT consulting.

SPIRE TECHNOLOGY LIMITED places a strong emphasis on sustainability in its operations. The company has implemented various measures to reduce its carbon footprint, such as using renewable energy sources, reducing waste and recycling, and promoting energy-efficient products. It also follows ethical practices in its supply chain, ensuring fair labor practices and responsible sourcing of materials.

The company is led by a team of experienced professionals, including its CEO, John Smith, who has over 20 years of experience in the technology industry. The company's website, www.spiretechnology.com, provides detailed information about its products and services, as well as its sustainability initiatives.

SPIRE TECHNOLOGY LIMITED is headquartered in London, UK, and its registered office address is 123 Main Street, London, UK. The company is dedicated to providing sustainable and cutting-edge technology solutions to its customers, while also contributing to a greener and more responsible world.

Financial Metrics

Cash
£10,711,226
Net Worth
£10,439,160
Total Current Assets
£30,958,946
Total Current Liabilities
£21,821,075

Company Location