IPC NETWORK SERVICES LIMITED
Company Information
- Company Number
- 02539234
- Registered Address
- Bank Street, 40 Bank Street 11th Floor, London, England, E14 5NR
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 September 1990
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
IPC NETWORK SERVICES LIMITED demonstrates a consistent trend of very slow payments, evidenced by an average payment time of 91 days. A substantial 98% of payments are late, with 64% extending beyond 60 days, indicating a deeply embedded pattern of protracted payment cycles. This trajectory suggests suppliers should anticipate consistently long settlement periods for invoices.
Volatility Analysis
The payment data reveals low reliability in timely payments, as 98% of invoices are paid late, with a high concentration (64%) over 60 days. While highly predictable in its slowness, this consistent delay presents a significant risk factor for a supplier's cash flow planning. The near absence of payments within 30 days means suppliers should not expect early or on-time settlements.
Summary Analysis
Suppliers considering IPC NETWORK SERVICES LIMITED should factor in the severe cash flow implications of their average 91-day payment period and 98% late payment rate. Key decision factors include the necessity for robust working capital to bridge these extended payment gaps. Risk mitigation strategies should include adjusting pricing to account for delayed funds, setting strict credit limits, or requiring upfront payments for services.
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 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 91 | 7% | 29% | 64% | 98% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 65 | 10% | 46% | 44% | 95% |
| 01 Oct 2022 - 31 Mar 2023 | 21 Apr 2023 | 40 | 51% | 38% | 11% | 90% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 53 | 53% | 36% | 11% | 84% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 30 | 64% | 30% | 6% | 12% |
| 01 Apr 2021 - 30 Sept 2021 | 20 Oct 2021 | 25 | 83% | 16% | 1% | 51% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 31 | 77% | 19% | 4% | 63% |
| 01 Apr 2020 - 30 Sept 2020 | 28 Oct 2020 | 40 | 23% | 72% | 5% | 75% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 32 | 62% | 35% | 3% | 50% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 34 | 48% | 47% | 5% | 76% |
| 01 Oct 2018 - 31 Mar 2019 | 15 May 2019 | 40 | 42% | 43% | 15% | 89% |
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
30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Dispute is raised with the supplier with details of what is being disputed. Payment withheld until supplier provides adequate details to support the original invoice or provides credit note or amended invoice.
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
IPC NETWORK SERVICES LIMITED is an active private limited company. It specialises in the provision of network services.
Incorporated on 12 September 1990, IPC NETWORK SERVICES LIMITED operates as an active entity under company number 02539234. Its registered office is located at Bank Street, 40 Bank Street 11th Floor, London, England, E14 5NR.
Companies offering network services in the UK market typically specialise in providing robust connectivity solutions, network infrastructure design and implementation. These organisations often offer services such as managed networks, data transmission, and network security, supporting businesses with their essential IT and communication requirements.
