DAISY IT CONTINUITY AND RESILIENCE SERVICES LIMITED
Company Information
- Company Number
- 02762460
- Registered Address
- Wavenet Group, Second Floor One Central Boulevard Central Boulevard, Blythe Valley Park, Shirley, Solihull, England, B90 8BG
- Status
- Dissolved
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- -£1,731,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 November 1992
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
DAISY IT CONTINUITY AND RESILIENCE SERVICES LIMITED averages a 28-day payment time, with 62% of invoices settled within 30 days. However, a significant 60% of payments are classified as late, indicating a consistent challenge in adhering to initial payment terms rather than an improving trajectory.
Volatility Analysis
Despite the average, only 62% of payments are consistently made within 30 days, with a substantial 38% extending beyond that period (32% between 31-60 days, 6% over 60 days). This high proportion of late payments, specifically the 60% late rate, suggests low reliability and predictability in payment scheduling, posing a notable cash flow risk to suppliers.
Summary Analysis
Given that 60% of payments are late and a considerable 38% extend beyond the 30-day mark, DAISY IT presents a moderate to high payment risk for suppliers. Suppliers should establish very clear and stringent payment terms, consider shorter credit periods, or potentially implement phased payments or upfront deposits to mitigate potential cash flow disruptions.
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 2018 - 31 Dec 2018 | 13 May 2019 | 28 | 62% | 32% | 6% | 60% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 25 | 71% | 26% | 3% | 66% |
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
The company was hived up into Daisy Corporate Services Trading Ltd at 31 December 2018, with the payment performance being consolidated into that company from 1 January 2019. The Company’s standard contractual payment terms for all qualifying contracts are 60 days after end of month in which invoice dated, however, specific terms can be negotiated and agreed with a supplier. The agreed payment terms are reflected in our contractual documentation and accounting system. There were no changes to standard payment terms in the reporting period.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
There are number of reasons why remaining payments could delayed including for example suppliers sending invoices late, internal approvals, suppliers quoting invalid purchase order numbers, and disputes.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Supplier invoices are processed and passed to business approvers who can approve or reject an invoice. In the event of a dispute, it is logged with the supplier via email or on their portal wherever applicable. The supplier and the relevant Daisy authorised person work towards dispute resolution. If the dispute is ruled in favour of Daisy, a credit note may be issued by the supplier. In case the dispute remains unresolved within a reasonable period, the supplier can contact the relevant Daisy business contact or a member of the DCS Procurement team.
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.
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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.
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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?
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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
Company Summary
DAISY IT CONTINUITY AND RESILIENCE SERVICES LIMITED was a private limited company that specialised in providing IT continuity and resilience services. This type of organisation typically focused on ensuring the uninterrupted operation of information technology systems and the ability to recover swiftly from disruptions.
The company, registered under company number 02762460, was incorporated on 6 November 1992. Its registered office was located at Wavenet Group, Second Floor One Central Boulevard Central Boulevard, Blythe Valley Park, Shirley, Solihull, England, B90 8BG. DAISY IT CONTINUITY AND RESILIENCE SERVICES LIMITED is currently dissolved.
Companies operating in the IT continuity and resilience sector in the UK market generally provide services such as disaster recovery planning, business continuity management, data backup and restoration, and cyber resilience strategies. Their offerings aim to minimise downtime, protect critical data, and maintain operational stability for businesses.
