DATA SELECT LIMITED

PaymentCheck Score 2021
48Poor
New Entry
#4897 in UK
#826 in South East

Company Information

Company Number
03662640
Registered Address
Arrowhead Park Arrowhead Road, Theale, Reading, England, RG7 4AH
Status
Dissolved
Employee Count
38
Turnover
£208,602,000
EBITDA
£4,775,000

Additional Details

Company Type
Private limited Company
Incorporated On
5 November 1998
Nature of Business
61900 - Other telecommunications activities
Industries
Telecommunications
Region
South East

Time to Pay

Average Time to Pay
51 days
Shortest Period:0 days
Longest Period:0 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
17%
31-60 Days
53%
After 60 Days
30%
Not Paid Within Terms29%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✓ Yes

Company Review

Trend Analysis

The average time for DATA SELECT LIMITED to pay invoices has increased by 3.5% from the first period to the third period.

Volatility Analysis

The average time to pay invoices for DATA SELECT LIMITED has fluctuated between 46 and 51 days over the three periods, with a standard deviation of 2.6 days.

Summary Analysis

In the first period (Jan 2021 - Jun 2021), DATA SELECT LIMITED had an average time to pay invoices of 46 days. 31% of invoices were paid within 30 days, 41% were paid between 31 and 60 days, and 28% were paid later than 60 days. 22% of invoices were not paid within agreed terms.

Performance Reports History

Reporting Period Filed: 2022-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202131 Jan 20225117%53%30%29%
01 Jan 2021 - 30 Jun 202130 Jul 20214631%41%28%22%

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 for most suppliers is 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

120

Dispute Resolution Process

Reasons for not being able to pay based on terms include receiving late or non compliant invoices or invoices that are in dispute. We have a accounts payable team which is reachable by email. Vendors with invoice queries can contact this team. The accounts payable team will reach out to the internal business contacts to investigate why the invoice has not been approved for payment.

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

DATA SELECT LIMITED is a UK-based company that specializes in the distribution of mobile phones, tablets, and accessories. The company was founded in 1995 and has since become a leading distributor in the technology industry.

As a company committed to sustainability, DATA SELECT LIMITED has implemented several initiatives to reduce its environmental impact. They have a sustainability program in place that focuses on reducing waste, promoting recycling, and using renewable energy sources. The company also encourages its employees to adopt sustainable practices in their daily work.

DATA SELECT LIMITED offers a wide range of products and services, including the distribution of mobile devices from top brands such as Apple, Samsung, and Huawei. They also provide a variety of accessories, from phone cases to chargers, to complement their devices. In addition, the company offers services such as device customization and technical support.

The key people behind DATA SELECT LIMITED's success are its directors, Tony McGuire and David Elder. They have over 50 years of combined experience in the technology industry and have been instrumental in driving the company's growth and success.

For more information on DATA SELECT LIMITED and its products and services, you can visit their website at www.dataselect.com. The company's registered office is located at Unit 1, Pacific Road, Atlantic Street, Altrincham, Cheshire, WA14 5BJ. They can also be contacted via phone at +44 (0) 161 864 5100 or email at sales@dataselect.com.

Financial Metrics

Cash
£206,219
Net Worth
£2,592,300
Total Current Assets
£56,852,716
Total Current Liabilities
£54,260,416

Company Location