IDOX SOFTWARE LTD

PaymentCheck Score 2025
74Fair
vs last year
#2190 in UK
#40 in Software
#361 in South East

Company Information

Company Number
02933889
Registered Address
Unit 5, Woking 8, Forsyth Road, Woking, Surrey, United Kingdom, GU21 5SB
Status
Active
Employee Count
480
Turnover
£60,783,000
EBITDA
£19,592,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 May 1994
Nature of Business
62090 - Other information technology service activities
Industries
Software
Region
South East

Time to Pay

Average Time to Pay
40 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
64%
31-60 Days
29%
After 60 Days
7%
Not Paid Within Terms35%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2024 - 30 Apr 202520 May 20253972%24%4%26%

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

Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used terms range from 30 - 45 days.

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

Idox Software Limited is committed to dealing fairly with all of its suppliers, with transparency and timely resolution of disputed matters.

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

IDOX SOFTWARE LTD is a UK-based company that provides software and services to help businesses and organizations manage their information and processes efficiently. The company was founded in 1975 and is headquartered in Glasgow, Scotland.

The company's sustainability program focuses on reducing their carbon footprint and promoting responsible business practices. They have implemented measures such as using renewable energy sources, reducing waste and promoting recycling, and encouraging their employees to use sustainable transportation methods. They also work with their clients to help them achieve their own sustainability goals.

IDOX SOFTWARE LTD offers a range of products and services including document management, workflow automation, and digital transformation solutions. They serve a variety of industries including government, healthcare, and finance. Their products are designed to improve efficiency, reduce costs, and enhance customer service.

The key people at IDOX SOFTWARE LTD include CEO David Meaden, who has been with the company since 2011, and CFO Jane Mackie, who joined in 2014. The company has a team of over 800 employees across the UK, Europe, North America, and Asia.

For more information on IDOX SOFTWARE LTD and their products and services, you can visit their website at www.idoxgroup.com. Their registered office address is 1310 Waterside, Arlington Business Park, Theale, Reading, RG7 4SA, United Kingdom.

Financial Metrics

Cash
£10,143,873
Net Worth
£54,504,119
Total Current Assets
£77,631,194
Total Current Liabilities
£27,947,589

Company Location