TECHNETIX LIMITED
Company Information
- Company Number
- 02484988
- Registered Address
- Innovation House Technetix Business Park, Muddleswood Road, Albourne, Hassocks, West Sussex, England, BN6 9EB
- Status
- Active
- Employee Count
- 52
- Turnover
- £83,732,000
- EBITDA
- £4,774,000
Additional Details
- Website
- https://emea2.technetix.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 March 1990
- Nature of Business
- 26110 - Manufacture of electronic components26400 - Manufacture of consumer electronics46520 - Wholesale of electronic and telecommunications equipment and parts
- Industries
- Information Technology,Telecommunications And Data
- 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 |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 04 Aug 2025 | 61 | 23% | 34% | 43% | 67% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 48 | 38% | 34% | 28% | 46% |
| 01 Jul 2023 - 31 Dec 2023 | 28 May 2024 | 52 | 39% | 37% | 24% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 47 | 39% | 38% | 23% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 51 | 32% | 35% | 33% | 47% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 49 | 32% | 37% | 31% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 51 | 33% | 37% | 30% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 43 | 46% | 33% | 21% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 50 | 31% | 38% | 31% | 48% |
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
Technetix' default payments term in its Purchase Order Terms and Conditions is 90 days net end of month following receipt of an invoice. However, Technetix will frequently negotiate with its suppliers to vary this term. Most invoices received during the period came from suppliers based overseas with the business making nearly all of its stock purchases from Asia. Technetix has close partnerships with these suppliers and has established extended credit terms. These extended terms benefit both parties, with the suppliers being able to grow their business internationally (a key priority for them), and Technetix being able to assist in part funding their growth. For other suppliers (mainly external 3rd party distributors), Technetix works closely with them to ensure that payments meet their expectations.
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
150
Dispute Resolution Process
All supplier invoices are managed by the Accounts Payable team. If an invoice is queried the supplier will be contacted by a member of the team to request any missing information or updated invoices. Failing this, the query will be escalated internally to the generator of the purchase order to resolve. In respect to inter-company invoices, the Accounts Payable team will liaise with overseas counter-parties to resolve. If the matter is not resolved by working day 3 of the month, the Group Finance team will intervene and decide on the appropriate action.
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
TECHNETIX LIMITED is a leading global provider of innovative connectivity solutions for the telecommunications industry
Founded in 1990, the company has established itself as a trusted partner for network operators, service providers, and equipment manufacturers.\n\nThe company's sustainability program is focused on reducing its environmental impact through various initiatives such as energy-efficient operations, waste reduction, and responsible sourcing
TECHNETIX also places a strong emphasis on social responsibility and ethical business practices.\n\nThe company offers a wide range of products and services, including optical fibre solutions, broadband access equipment, and network management software
Their cutting-edge technology and high-quality products have earned them a reputation for reliability and performance.\n\nKey people at TECHNETIX LIMITED include CEO Paul Broadhurst, who has over 25 years of experience in the telecommunications industry, and COO Bart van Utteren, who brings a wealth of knowledge in engineering and product development
Their leadership has been instrumental in the company's growth and success.\n\nFor more information on their products and services, customers can visit the company's website at www.technetix.com
TECHNETIX LIMITED is headquartered in Albourne, West Sussex, United Kingdom, with registered offices in the Netherlands and Belgium
