INGRAM MICRO SERVICES LTD
Company Information
- Company Number
- 03591124
- Registered Address
- Communications House, Vulcan Road North, Norwich, Norfolk
- Status
- Active
- Employee Count
- 496.0
- Turnover
- 137829000.0
- EBITDA
- 8896000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 July 1998
- Nature of Business
- 95210 - Repair of consumer electronics
- Industries
- Information Technology,Telecommunications And Data,Supply Chain,Manufacturing And Commerce Models
- Region
- East of England
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 Jul 2023 - 31 Dec 2023 | 07 Feb 2024 | 34 | 59% | 38% | 3% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 08 Aug 2023 | 35 | 48% | 49% | 3% | 15% |
| 03 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 36 | 48% | 49% | 3% | 16% |
| 02 Jan 2022 - 02 Jul 2022 | 30 Aug 2022 | 39 | 37% | 58% | 5% | 20% |
| 03 Jul 2021 - 01 Jan 2022 | 10 Feb 2022 | 38 | 40% | 56% | 4% | 27% |
| 03 Jan 2021 - 02 Jul 2021 | 13 Aug 2021 | 36 | 46% | 49% | 5% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Mar 2021 | 35 | 49% | 48% | 3% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 37 | 47% | 47% | 6% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 38 | 44% | 50% | 6% | 17% |
| 01 Jun 2019 - 30 Jun 2019 | 31 Jul 2019 | 37 | 48% | 46% | 6% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 38 | 39% | 54% | 7% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 37 | 41% | 53% | 6% | 27% |
Company Summary
Ingram Micro Services Ltd is a leading provider of technology and supply chain services, catering to the needs of businesses around the world
The company offers a wide range of products and services, including distribution, logistics, and technology solutions
Sustainability is a key focus for Ingram Micro Services Ltd, and the company has implemented various initiatives to reduce its environmental impact
This includes using eco-friendly packaging materials, implementing energy-efficient practices, and partnering with suppliers who adhere to sustainable practices
The company's products and services cover a wide range of technology solutions, including cloud, data center, security, networking, and mobility
They also offer supply chain management services, such as inventory management, order fulfillment, and procurement services
The key people of Ingram Micro Services Ltd include Alain Monié, Chairman, and CEO, and Paul Bay, Executive Vice President and Group President
They lead a team of dedicated professionals who are committed to delivering high-quality services to their clients
To get in touch with Ingram Micro Services Ltd, individuals can visit their website at www.ingrammicroservices.com
The company's registered office address is at 80 Milton Park, Abingdon, Oxfordshire, OX14 4RY, United Kingdom
Overall, Ingram Micro Services Ltd is a reputable and sustainable company that offers a wide range of technology and supply chain services to businesses worldwide
With their commitment to sustainability and dedication to providing top-notch solutions, they continue to be a leader in the industry
Company Review
Trend Analysis
The average time taken for INGRAM MICRO SERVICES LTD to pay invoices to suppliers has been relatively consistent over the past three periods, with a slight decrease from 38 days in 2018 to 35 days in 2023. However, there was a noticeable increase in the percentage of invoices paid within 30 days in 2023 compared to the previous two periods.
Volatility Analysis
The volatility of INGRAM MICRO SERVICES LTD's invoice payment behavior can be seen in the fluctuation of the percentage of invoices paid within 30 days, which ranged from 39% in 2018 to 59% in 2023. The percentage of invoices paid later than 60 days also varied between 3% and 7% during this period.
Summary Analysis
In the past three periods, INGRAM MICRO SERVICES LTD has maintained an average time to pay of 37-39 days. However, there was a significant improvement in 2023, with 59% of invoices paid within 30 days compared to only 39-48% in the previous two periods. The percentage of invoices paid later than 60 days has also decreased in 2023, indicating a positive change towards earlier payment.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Based on individual suppliers' T&C's
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
180
Dispute Resolution Process
Disputes are notified to supplier. No invoices passed for payment until resolved.
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