ITC INFOTECH LIMITED
Company Information
- Company Number
- 02777705
- Registered Address
- 1st Floor 101 Great Portland Street, London, United Kingdom, W1W 6QE
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 December 1992
- Nature of Business
- 62012 - Business and domestic software development62020 - Information technology consultancy activities62030 - Computer facilities management activities62090 - Other information technology service activities
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
ITC INFOTECH LIMITED demonstrates an exceptionally strong trend of prompt payments, with an average payment time of just 13 days. A remarkable 95% of all payments are consistently settled within 30 days, highlighting a very efficient and disciplined payment cycle. The trajectory indicates sustained high performance, as 0% of payments extend beyond 60 days or are marked as late.
Volatility Analysis
The company exhibits extremely high reliability and predictability in its payment practices, with nearly all invoices paid well within standard terms. The minimal 5% of payments falling into the 31-60 day range represents very low volatility, posing a negligible risk to supplier cash flow. Absence of any payments over 60 days or classified as late further confirms highly stable and dependable payment behavior.
Summary Analysis
Based on this assessment, ITC INFOTECH LIMITED presents an outstanding payment risk profile, making them a highly attractive partner for suppliers. Key decision factors should prioritize their consistently rapid payment times and near-perfect early payment compliance. No specific risk mitigation strategies beyond standard contractual agreements are recommended due to their exemplary payment history.
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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 13 | 95% | 5% | 0% | 0% |
| 01 Oct 2024 - 31 Mar 2025 | 02 May 2025 | 13 | 93% | 6% | 1% | 0% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 16 | 93% | 6% | 1% | 0% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 20 | 88% | 8% | 4% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 17 | 93% | 5% | 2% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 13 May 2023 | 17 | 89% | 10% | 1% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 16 | 96% | 3% | 1% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 14 | 96% | 3% | 1% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 01 Nov 2021 | 15 | 95% | 4% | 1% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 19 | 95% | 1% | 4% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 26 Oct 2020 | 17 | 92% | 6% | 2% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 19 | 87% | 12% | 2% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 23 Oct 2019 | 28 | 75% | 19% | 6% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 25 | 79% | 19% | 2% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 43 | 55% | 22% | 23% | 1% |
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
We have standard 30 days payment terms with our vendors.
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
60
Dispute Resolution Process
Our current process outlines the dispute resolution process in two essential documents shared with Vendors: 1. Contract agreement. 2. Half yearly Balance confirmation letters sent to vendors. Both documents above will explicitly highlight the following: - If there is a dispute, the vendor should contact us within 14-21 days in writing. - We will investigate the dispute and contact the vendor within an agreed time from the date we receive invoice dispute letter.
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
ITC INFOTECH LIMITED is an active private limited company
Its name indicates its operations are focused within the information technology sector
The company was incorporated on 24 December 1992 and operates under company number 02777705
Its registered office is situated at 1st Floor 101 Great Portland Street, London, United Kingdom, W1W 6QE
Companies operating in the information technology sector in the UK typically provide a range of services
These commonly include IT consulting, software development, system integration, data management, and cybersecurity solutions for businesses
