INDUSTRIAL AND FINANCIAL SYSTEMS, IFS UK LTD
Company Information
- Company Number
- 03277022
- Registered Address
- Bourne House Lotus Park, The Causeway, Staines-Upon-Thames, England, TW18 3AG
- Status
- Active
- Employee Count
- 218
- Turnover
- £154,289,000
- EBITDA
- £7,351,000
Additional Details
- Website
- https://ifsworld.com
- Company Type
- Private limited Company
- Incorporated On
- 12 November 1996
- Nature of Business
- 62012 - Business and domestic software development
- Industries
- Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 2018 - 31 Dec 2018 | 29 Jan 2019 | 26 | 71% | 18% | 11% | 61% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 22 | 68% | 26% | 6% | 61% |
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 term's are 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
40
Dispute Resolution Process
Disputes would normally be handled between the Supplier and the IFS Buyer. Escalation process would be to the Financial Controller.
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.
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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?
❌
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
Industrial and Financial Systems, IFS UK LTD is a leading global enterprise software provider that offers a wide range of solutions for businesses in various industries. The company is committed to sustainability and has a strong focus on developing environmentally friendly products and services.
The sustainability program at IFS UK LTD includes measures to reduce the company's carbon footprint, promote energy efficiency, and minimize waste. They also have a comprehensive recycling program in place and actively support initiatives to protect the environment.
The company's product portfolio includes enterprise resource planning (ERP) systems, enterprise asset management (EAM) solutions, and field service management (FSM) software. These products help businesses streamline their operations, improve efficiency, and reduce costs.
IFS UK LTD is led by a team of experienced and knowledgeable professionals, including Darren Roos (CEO), Emma Keegan (Chief Marketing Officer), and Richard Bryson (Chief Financial Officer). They are committed to driving the company's growth and success while also promoting sustainability.
For more information on IFS UK LTD and its products and services, interested individuals can visit their website at www.ifsworld.com. The registered office address for the company is IFS UK LTD, 1 Orchard Place, Hatfield Business Park, Hatfield, Hertfordshire, AL10 9DP, United Kingdom.
