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
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 41 | 54% | 34% | 12% | 48% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 42 | 39% | 48% | 13% | 59% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Feb 2023 | 64 | 39% | 45% | 16% | 55% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 43 | 46% | 42% | 12% | 52% |
| 01 Jan 2021 - 30 Jun 2021 | 08 Sept 2021 | 49 | 43% | 37% | 20% | 51% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 48 | 51% | 32% | 17% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 47 | 45% | 36% | 19% | 53% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jul 2020 | 47 | 83% | 16% | 1% | 56% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jul 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 09 Aug 2019 | 45 | 41% | 39% | 20% | 51% |
| 01 Jul 2018 - 31 Dec 2018 | 19 Feb 2019 | 45 | 44% | 40% | 16% | 57% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Sept 2018 | 44 | 41% | 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.
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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
