| 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 |
|---|---|---|---|---|---|---|
| 30 Jun 2019 - 29 Dec 2019 | 29 Jan 2020 | 37 | 61% | 27% | 12% | 39% |
| 30 Dec 2018 - 29 Jun 2019 | 29 Jul 2019 | 33 | 62% | 32% | 6% | 34% |
| 30 Jun 2018 - 30 Dec 2018 | 29 Jan 2019 | 36 | 55% | 35% | 10% | 42% |
| 31 Dec 2017 - 29 Jun 2018 | 27 Jul 2018 | 37 | 50% | 39% | 11% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 35 days
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
45
Payment queries are submitted to Accounts department (AP), AP contacts Treasury team to confirm bank details if payment failed to reach supplier or Procurement department if goods/services not received. If document is missing - requests copy from supplier.
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.
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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
Cadence Design Systems Limited is a UK registered company based in Bracknell, incorporated in 1990 and previously known as Cadence Europe Limited and Flowbusy Limited. Its registered activity is specialised design activities, covering application software, embedded systems and physical product design, testing and quality assurance. Companies House records show it has been controlled by Cadence Design Systems, Inc., its US parent, since 2016, making this entity the UK subsidiary within that wider corporate group. It holds several leasehold property titles in Greater London and Bracknell Forest and is registered as a licensed sponsor for skilled worker visas. The company remains active, filing accounts and confirmation statements as required.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk