| 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 Jul 2025 - 31 Dec 2025 | 28 Jan 2026 | 56 | 27% | 42% | 31% | 42% |
| 01 Jan 2025 - 30 Jun 2025 | 04 Aug 2025 | 61 | 23% | 34% | 43% | 67% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 52 | 37% | 33% | 30% | 54% |
| 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 2022 - 31 Dec 2022 | 30 Jan 2023 | 50 | 35% | 38% | 27% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 49 | 35% | 36% | 29% | 17% |
| 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 2020 - 30 Jun 2020 | 14 Jul 2020 | 45 | 40% | 35% | 25% | 29% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 45 | 45% | 35% | 20% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 43 | 46% | 33% | 21% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 09 Jan 2019 | 46 | 40% | 34% | 26% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 50 | 31% | 38% | 31% | 48% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Technetix' default payment 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
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.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Technetix Limited is a UK company registered in West Sussex, previously named Technetix PLC and originally incorporated as Chartscale Limited. Its registered business activities cover the manufacture of electronic components and consumer electronics, plus wholesale of electronic and telecommunications equipment and parts. Companies House records show Technetix Group Ltd as a major shareholder, indicating the entity operates as part of the wider Technetix Group rather than as an independent trading business. The company's own website content available for review did not provide further description of its products or services beyond confirming the Technetix name and brand.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · uk.globaldatabase.com