AVEVA SOFTWARE GB LIMITED
Company Details
Registration Number
03555875
Registered Address
101 Science Park Milton Road Cambridge England CB4 0FY
Company Status
Active
Employee Count
0
Turnover
£42,701,000
EBITDA
£6,271,000
Additional Information
Website
spiralsoft.comCompany Type
Private limited Company
Incorporated on
27 April 1998
Nature of Business (SIC)
62012 - Business and domestic software development
Industries
Application software
Region
East of EnglandCompany Location
Financial Overview
£321,000
£48,086,000
Last Reporting Period
Filed
18 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
30 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
26%
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 Apr 2023 - 30 Sep 2023 | 18 Oct 2023 | 30 | 93% | 2% | 5% | 26% |
Company Summary
AVEVA SOFTWARE GB LIMITED is a leading global provider of engineering and industrial software solutions
The company has a strong focus on sustainability, offering products and services that help their clients reduce their environmental impact and improve efficiency
One of their key sustainability initiatives is their Eco-Design program, which aims to minimize the environmental impact of their software products
This includes reducing energy consumption, using sustainable materials, and promoting recycling and reusability
AVEVA SOFTWARE GB LIMITED offers a wide range of products and services, including engineering design software, asset performance management solutions, and industrial internet of things (IIoT) systems
Their software is used in various industries such as oil and gas, power generation, and marine
The company has a team of experienced and dedicated professionals, including CEO Peter Herweck and Chief Marketing Officer Harpreet Gulati, who are committed to driving sustainable growth and innovation
For any inquiries or information, AVEVA SOFTWARE GB LIMITED can be contacted through their website at www.aveva.com
Their registered office address is High Cross, Madingley Road, Cambridge, CB3 0HB, United Kingdom
With a strong focus on sustainability and a wide range of innovative products and services, AVEVA SOFTWARE GB LIMITED is a leader in the engineering and industrial software industry
Company Review
Trend Analysis
The average time taken for AVEVA SOFTWARE GB LIMITED to pay invoices has remained relatively stable over the past three periods, with a slight decrease from 29.3 days in the first period to 29.8 days in the second period, and an increase to 30 days in the third period.
Volatility Analysis
The volatility in AVEVA SOFTWARE GB LIMITED's payment habits can be seen in the fluctuation of percentages for invoices paid within 30 days and between 31 and 60 days. While there is no significant change in the overall average time to pay, the percentages for these two categories have varied by 2-3% over the past 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
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
Invoice disputes are handled by the Accounts Payable team within a captive Shared Service centre. Any correspondence we receive for unsolved disputes will be directed to our legal team. General invoice and payment queries can be sent to AccountsPayable.GB@aveva.com
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?
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