COLT TECHNOLOGY SERVICES
Company Information
- Company Number
- 02452736
- Registered Address
- Colt House, 20 Great Eastern Street, London, England, EC2A 3EH
- Status
- Active
- Employee Count
- 634
- Turnover
- £265,941,000
- EBITDA
- -£3,732,000
Additional Details
- Website
- https://colt.net
- Company Type
- Private unlimited company
- Incorporated On
- 15 December 1989
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Telecommunications
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 38 | 49% | 44% | 7% | 28% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 37 | 49% | 46% | 5% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 38 | 48% | 47% | 5% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 34 | 53% | 43% | 4% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 34 | 53% | 42% | 5% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 34 | 55% | 42% | 3% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 39 | 53% | 39% | 8% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 37 | 52% | 38% | 10% | 46% |
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
The Company’s standard contractual payment terms for all qualifying contracts are 60 days from invoice date, however, specific terms can be negotiated and agreed with a supplier. The agreed payment terms are reflected in our contractual documentation and accounting system. There were no changes to standard payment terms in the 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
90
Dispute Resolution Process
Supplier invoices are processed and passed to business approvers who can approve or reject an invoice. In the event of a dispute it is logged with the supplier via email or on their portal where applicable. The supplier and the relevant Colt authorized person work towards dispute resolution and a credit note may be issued by the supplier once the dispute is agreed. In case the dispute remains unresolved within a reasonable period, the supplier can contact the relevant Colt business contact. The supplier may further contact the Colt Divisional / Finance Head. For any payment related queries, the supplier can also write to APQueryUK@colt.net.
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
COLT Technology Services is a global provider of high-performance network and communication services. Established in 1992, the company has a strong presence in Europe, Asia, and North America, serving over 900 cities in 28 countries.
The company's primary focus is on delivering secure, reliable, and scalable connectivity solutions to businesses of all sizes. They offer a wide range of services, including data, voice, and managed cloud services, as well as network and data center solutions. Their advanced network infrastructure ensures high-speed and low-latency connections, enabling businesses to operate efficiently and effectively.
COLT Technology Services is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in renewable energy sources, such as wind and solar power, and have implemented energy-efficient practices in their data centers. The company also encourages remote working to reduce carbon emissions and has set ambitious targets to reduce their carbon footprint.
The key people at COLT Technology Services include CEO Keri Gilder, who has over 20 years of experience in the telecom industry, and Chairman Carl Grivner, who brings over 30 years of experience in the technology sector. The company also has a team of highly skilled professionals who are dedicated to providing exceptional services to their customers.
For more information on their services and sustainability efforts, you can visit their website at www.colt.net. The company's registered office is located at Colt House, 20 Great Eastern Street, London, EC2A 3EH, United Kingdom.
