CADENCE DESIGN SYSTEMS LIMITED
Company Information
- Company Number
- 02457888
- Registered Address
- Maxis 1 Western Road, Bracknell, Berkshire, RG12 1RT
- Status
- Active
- Employee Count
- 330
- Turnover
- £117,086,000
- EBITDA
- £11,311,000
Additional Details
- Website
- https://cadence.com
- Company Type
- Private limited Company
- Incorporated On
- 9 January 1990
- Nature of Business
- 74100 - Specialised design activities
- Industries
- Hardware, Software, Supply Chain, Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 |
|---|---|---|---|---|---|---|
| 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% |
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 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
Dispute Resolution Process
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.
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
CADENCE DESIGN SYSTEMS LIMITED is a technology company that specializes in electronic design automation (EDA) software and hardware for the development of electronic systems and integrated circuits. The company was founded in 1988 and is headquartered in Green Park, Reading, UK.
The company's sustainability program focuses on reducing its carbon footprint and promoting sustainable practices throughout its operations. This includes implementing energy-efficient solutions in their facilities, reducing waste and promoting recycling, and using sustainable materials in their products.
CADENCE DESIGN SYSTEMS LIMITED offers a wide range of products and services including software tools, IP designs, and design services for the development of electronic systems. Their products are used by a variety of industries such as automotive, aerospace, and healthcare to design and develop cutting-edge technologies.
The company's key people include Lip-Bu Tan, the Chief Executive Officer, Anirudh Devgan, the President, and Nimish Modi, the Chief Financial Officer. They are supported by a team of experienced professionals who are dedicated to driving innovation and growth in the company.
CADENCE DESIGN SYSTEMS LIMITED can be contacted through their website, which provides information about their products and services, news and events, and career opportunities. Their registered office address is 3rd Floor, 23 King Street, London, SW1Y 6QY, United Kingdom.
In conclusion, CADENCE DESIGN SYSTEMS LIMITED is a leading technology company in the UK, with a strong focus on sustainability and providing innovative solutions for electronic design automation. Their team of experienced professionals and range of products and services make them a key player in the industry.
