CLARANET LIMITED

Company Information

Company Number
03152737
Registered Address
110 High Holborn, London, England, WC1V 6JS
Status
Active
Employee Count
585.0
Turnover
113100000.0
EBITDA
7600000.0

Additional Details

Company Type
Private limited Company
Incorporated On
30 January 1996
Nature of Business
62090 - Other information technology service activities
Industries
Information Technology,Telecommunications And Data,Professional Services,Software
Region
London

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£0.00
Net Worth
£700,000.00
Total Current Assets
£28,000,000.00
Total Current Liabilities
£35,100,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
41 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:80 days

Payment Timeline

Within 30 Days
54%
31-60 Days
34%
After 60 Days
12%
Not Paid Within Terms48%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Dec 2021Jun 2021Dec 2020Jun 2020Jun 2020Dec 2019Dec 2019Jun 2019Jun 2018020406080

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Dec 2021Jun 2021Dec 2020Jun 2020Jun 2020Dec 2019Dec 2019Jun 2019Jun 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20244154%34%12%48%
01 Jan 2023 - 30 Jun 202331 Jul 20234239%48%13%59%
01 Jul 2022 - 31 Dec 202210 Feb 20236439%45%16%55%
01 Jul 2021 - 31 Dec 202120 Jan 20224346%42%12%52%
01 Jan 2021 - 30 Jun 202108 Sept 20214943%37%20%51%
01 Jul 2020 - 31 Dec 202028 Jan 20214851%32%17%48%
01 Jan 2020 - 30 Jun 202024 Jul 20204745%36%19%53%
01 Jan 2020 - 30 Jun 202024 Jul 2020
01 Jul 2019 - 31 Dec 201930 Jul 20204783%16%1%56%
01 Jul 2019 - 31 Dec 201930 Jul 2020
01 Jan 2019 - 30 Jun 201909 Aug 20194541%39%20%51%
01 Jul 2018 - 31 Dec 201819 Feb 20194544%40%16%57%
01 Jan 2018 - 30 Jun 201813 Sept 20184441%44%15%63%

Company Summary

CLARANET LIMITED is a UK-based company that provides a range of IT services and solutions to businesses

Established in 1996, the company has become one of the leading providers of cloud, hosting, and network services in Europe

The company's sustainability program focuses on reducing their carbon footprint and promoting environmental responsibility

They have implemented energy-efficient practices in their data centers and have invested in renewable energy sources

CLARANET LIMITED also works with its suppliers to ensure sustainability throughout their supply chain

CLARANET LIMITED offers a variety of products and services including cloud hosting, managed hosting, networking, and security solutions

They cater to businesses of all sizes, from small startups to large enterprises

Their services are designed to help businesses improve their efficiency, security, and scalability, allowing them to focus on their core operations

The company is led by CEO Charles Nasser, who has over 25 years of experience in the IT industry

He is supported by a team of experienced professionals who are dedicated to providing excellent services to their clients

CLARANET LIMITED can be contacted through their website, which also provides information on their range of services and solutions

Their registered office address is 21 Southampton Row, London, WC1B 5HA, United Kingdom

In summary, CLARANET LIMITED is a leading IT services provider with a strong focus on sustainability

They offer a wide range of services to businesses of all sizes, and their dedicated team of professionals is committed to delivering high-quality solutions

With their commitment to sustainability and expertise in IT, CLARANET LIMITED continues to be a trusted partner for businesses looking to enhance their technology capabilities

Company Review

Trend Analysis

The data for CLARANET LIMITED shows a relatively consistent trend in their average time to pay invoices, with a slight increase from 44 days in 2018 to 49 days in 2021. However, there have been fluctuations in the percentages of invoices paid within 30 days and those paid later than 60 days. The company has shown improvement in paying invoices within 30 days, with a high of 83% in the second half of 2019. However, there has been an increase in the percentage of invoices paid later than 60 days, reaching a high of 20% in the first half of 2021.

Volatility Analysis

The data for CLARANET LIMITED shows some volatility in their payment patterns, particularly in the percentages of invoices paid within 30 days and those paid later than 60 days. This is evident in the fluctuations seen in these percentages over the different periods.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Terms are defined by the supplier at the commencement of service provided. However, where possible, the longest payment terms are negotiated.

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

N/A

Maximum contractual payment period agreed

80

Dispute Resolution Process

Initial discussions held between company and supplier where costs are disputed, either due to incorrect volume or price. The invoice is either agreed or a credit note issued for the difference. If disputes cannot be agreed at this point, our internal legal team contacts the supplier to agree some for of resolution. This process can take several months, resulting in the invoice being significantly overdue by the time it is paid

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

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