The overall trend for Konica Minolta Business Solutions East Limited is a decrease in the average time taken to pay invoices to suppliers. From the first available data in October 2018 to the latest data in March 2021, the average time has decreased from an unknown value to 13.2 days, indicating a positive trend of paying invoices in a timely manner. This trend is also reflected in the decrease of invoices paid later than 60 days, from 0% to 0.5%, and the increase in invoices paid within 30 days, from 86.1% to 96.5%.
The volatility for Konica Minolta Business Solutions East Limited is relatively low, with only small fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. The highest volatility can be seen in the percentage of invoices paid later than 60 days, with a maximum increase of 0.8% in the second available period. However, this volatility decreases in the latest period, with only a 0.3% increase from the previous period.
From the available data, it can be seen that Konica Minolta Business Solutions East Limited has consistently improved their payment process for suppliers. In March 2021, they were able to pay invoices within an average of 13.2 days, with 96.5% of invoices paid within 30 days and only 0.5% paid later than 60 days. This is a significant improvement from the first available data in October 2018, where the average time to pay was unknown and only 86.1% of invoices were paid within 30 days. The highest percentage of invoices paid later than 60 days was seen in the second available period, from April 2019 to September 2019, with 1.3% not paid within agreed terms.
| 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 2020 - 31 Mar 2021 | 13 May 2021 | |||||
| 01 Apr 2020 - 30 Sept 2020 | 23 Dec 2020 | |||||
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | |||||
| 01 Apr 2019 - 30 Sept 2019 | 20 Dec 2019 | |||||
| 01 Oct 2018 - 31 Mar 2019 | 20 Dec 2019 |
This registered entity forms part of the Konica Minolta group in the UK. The wider group, trading as Konica Minolta Business Solutions UK, describes itself as a partner for smart IT services and systems, multifunctional devices and professional printing. It supplies office printing and document management equipment, information management and IT solutions, professional and digital printing presses, and intelligent video solutions, alongside consumables and service contracts such as fixed-fee printer plans. Its SIC classification covers photocopying, document preparation and specialised office support activities. The registered office is in Sutton in Ashfield. The company has been active since incorporation in 1996 and operates as part of the wider Konica Minolta corporate group rather than as an independent trading brand in its own right.
Generated from the company's website and Companies House records. Sources: konicaminolta.co.uk · konicaminolta.co.uk