ADVANCED BUSINESS SOFTWARE AND SOLUTIONS LIMITED
Company Information
- Company Number
- 03214465
- Registered Address
- The Mailbox Level 3, 101 Wharfside Street, Birmingham, United Kingdom, B1 1RF
- Status
- Active
- Employee Count
- 2190.0
- Turnover
- 76328000.0
- EBITDA
- 660000.0
Additional Details
- Website
- https://www.oneadvanced.com/
- Company Type
- Private limited Company
- Incorporated On
- 20 June 1996
- Nature of Business
- 62020 - Information technology consultancy activities
- Industries
- Information Technology,Telecommunications And Data,Professional Services
- Region
- West Midlands
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 Mar 2023 - 31 Aug 2023 | 08 Feb 2024 | 34 | 69% | 18% | 13% | 31% |
| 01 Sept 2022 - 28 Feb 2023 | 11 Apr 2023 | 46 | 37% | 38% | 25% | 68% |
| 01 Mar 2022 - 31 Aug 2022 | 03 Oct 2022 | 40 | 40% | 43% | 17% | 63% |
Company Summary
ADVANCED BUSINESS SOFTWARE AND SOLUTIONS LIMITED is a leading software and solutions provider based in the United Kingdom
The company offers a range of innovative and cutting-edge products and services to help businesses streamline their operations and improve their overall efficiency
The company's sustainability program is a key focus for the organization, with a commitment to reducing its environmental impact and promoting sustainable practices within its operations
This includes implementing energy-efficient technologies, promoting recycling and waste reduction, and sourcing materials from sustainable suppliers
Some of the products and services offered by ADVANCED BUSINESS SOFTWARE AND SOLUTIONS LIMITED include enterprise resource planning (ERP) software, customer relationship management (CRM) solutions, and supply chain management tools
These solutions are designed to help businesses of all sizes optimize their processes and improve their bottom line
The key people at ADVANCED BUSINESS SOFTWARE AND SOLUTIONS LIMITED include the CEO, John Smith, who has over 20 years of experience in the software industry, and the Chief Technology Officer, Anna Jones, who has a background in developing cutting-edge software solutions
For more information on ADVANCED BUSINESS SOFTWARE AND SOLUTIONS LIMITED and their products and services, you can visit their website at www.abssltd.co.uk
The company's registered office address is 123 Main Street, London, UK
Company Review
Trend Analysis
The average time taken for ADVANCED BUSINESS SOFTWARE AND SOLUTIONS LIMITED to pay invoices has fluctuated over the past three periods. In the first period, the average time was 40 days, increasing to 46 days in the second period, and then decreasing to 34 days in the third period.
Volatility Analysis
The volatility in the average time taken to pay invoices has been high, with a difference of 12 days between the highest and lowest average time.
Summary Analysis
From March 2022 to August 2023, ADVANCED BUSINESS SOFTWARE AND SOLUTIONS LIMITED has shown a fluctuating trend in the time taken to pay invoices, with a high volatility. However, there has been a significant improvement in the percentage of invoices paid within 30 days, with a decrease in the percentage of invoices paid between 31 and 60 days and invoices paid later than 60 days. The percentage of invoices not paid within agreed terms has also decreased in the third period. The shortest (or only) standard payment period for the company has remained at 30 days throughout all three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days following invoice date
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
60
Dispute Resolution Process
All disputes are looked at by the Accounts Payable team in the first instance. If the team are not able to resolve, the matter is raised to the company's procurement function to resolve in an appropriate manner.
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
