ELITETELECOM PLC
Company Information
- Company Number
- 03228824
- Registered Address
- Dawson House Matrix Office Park, Buckshaw Village, Chorley, Lancashire, PR7 7NA
- Status
- Active
- Employee Count
- 120
- Turnover
- £26,261,000
- EBITDA
- -£1,856,000
Additional Details
- Website
- https://21ctelecom.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 24 July 1996
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Information Technology, Telecommunications And Data, Professional Services, Telecommunications
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
ELITETELE.COM PLC has shown a slight increase in the average time taken to pay invoices over the past three periods, from 35 days in the second period to 36 days in the third period. However, the percentage of invoices paid within 30 days has also increased from 40% to 42%, indicating that the company is making an effort to pay invoices earlier. The percentage of invoices paid later than 60 days has also increased from 7% to 10%, which could be a cause for concern.
Volatility Analysis
There is a slight volatility in the average time taken to pay invoices for ELITETELE.COM PLC, with a difference of only 1 day between the highest and lowest average time. However, there is a significant difference in the percentage of invoices paid within 30 days, with a range of 5% between the highest and lowest percentage. This indicates that the company's payment practices may not be consistent.
Summary Analysis
ELITETELE.COM PLC has shown a slight increase in the average time taken to pay invoices over the past three periods, with a current average of 36 days. However, there has also been an increase in the percentage of invoices paid within 30 days, which is now at 42%. The company's payment practices may not be consistent, as shown by the significant difference in the percentage of invoices paid within 30 days. The highest percentage of invoices paid later than 60 days was in the third period, with 10% of invoices being paid late.
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 Feb 2022 - 31 Jul 2022 | 17 Oct 2022 | 36 | 42% | 48% | 10% | 63% |
| 01 Aug 2021 - 31 Jan 2022 | 23 Feb 2022 | 35 | 40% | 53% | 7% | 56% |
| 01 Feb 2021 - 31 Jul 2021 | 27 Jan 2022 | 36 | 37% | 57% | 6% | 57% |
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
Standard payment terms 30 days
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 and complaints come into the central purchase ledger inbox. The purchase ledger team then escalate any to their manager and where appropriate to FC/FD to resolve dispute with suppliers/expedite payments.
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
ELITETELE.COM PLC is a telecommunications company headquartered in London, UK. They offer a range of products and services, including unified communications, connectivity solutions, and managed IT services.
The company places a strong emphasis on sustainability and has implemented a comprehensive sustainability program. This includes reducing their carbon footprint through energy-efficient technologies, recycling electronic waste, and promoting sustainable practices among their employees and customers.
ELITETELE.COM PLC's key people include CEO Matt Newing and Chairman Mark Simmonds. They are committed to delivering innovative and sustainable solutions to their customers while maintaining strong financial performance.
Their website, www.elitetele.com, provides detailed information about their products and services, as well as the latest news and updates on their sustainability initiatives. Their registered office address is 1 Aldgate, London, EC3N 1RE, United Kingdom.
In summary, ELITETELE.COM PLC is a leading telecommunications company with a strong focus on sustainability. Their range of products and services, combined with their commitment to sustainable practices, makes them a reliable and responsible choice for businesses and individuals in need of telecommunication solutions.
