UKFAST.NET LIMITED

PaymentCheck Score 2021
72Fair
6.4vs last year
#2609 in UK
#38 in Information Technology
#180 in North West

Company Information

Company Number
03845616
Registered Address
1 Archway, Manchester, England, M15 5QJ
Status
Active
Employee Count
88
Turnover
£16,750
EBITDA
£5,850

Additional Details

Company Type
Private limited Company
Incorporated On
21 September 1999
Nature of Business
63110 - Data processing, hosting and related activities
Industries
Information Technology,Telecommunications And Data,Safety And Security,Software
Region
North West

Time to Pay

Average Time to Pay
32 days
Shortest Period:15 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
52%
31-60 Days
39%
After 60 Days
9%
Not Paid Within Terms47%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

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 Jan 2021 - 30 Jun 202129 Jul 20213065%28%7%35%
01 Jan 2020 - 30 Jun 202029 Jul 20203555%33%13%34%
01 Jul 2019 - 31 Dec 201931 Jan 20203559%27%14%71%
01 Jul 2018 - 31 Dec 201808 Feb 20193745%40%15%40%
01 Jan 2018 - 30 Jun 201830 Jul 20183558%27%15%29%

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

30 days

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

n/a

Maximum contractual payment period agreed

60

Dispute Resolution Process

Suppliers will be informed by the AP team as soon as an invoice has been disputed. Normally we are able to resolve the dispute directly with the supplier.

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

UKFAST.NET LIMITED is a leading provider of internet, hosting, and cloud services in the United Kingdom. The company was founded in 1999 and has since grown to become one of the most trusted and reliable providers in the industry.

The company's sustainability program is focused on reducing their environmental impact and promoting responsible practices. They have implemented energy-efficient technologies and use renewable energy sources to power their data centers. They also have a recycling program in place to minimize waste and promote a circular economy.

UKFAST.NET LIMITED offers a wide range of products and services including web hosting, dedicated servers, cloud hosting, and colocation. Their state-of-the-art data centers are equipped with the latest technology to ensure high-speed and reliable services for their clients.

The company is led by a team of experienced and knowledgeable professionals, including CEO Lawrence Jones MBE, who is a pioneer in the hosting industry. Their team is dedicated to providing top-notch customer service and is constantly innovating to meet the evolving needs of their clients.

Customers can contact UKFAST.NET LIMITED through their website, which also provides detailed information about their products and services. Their registered office address is located in Manchester, United Kingdom.

In summary, UKFAST.NET LIMITED is a reputable and sustainable provider of internet, hosting, and cloud services in the UK. They offer a range of high-quality products and services, led by an experienced team, and are dedicated to minimizing their environmental impact. Their commitment to sustainability and customer satisfaction has earned them a strong reputation in the industry.

Financial Metrics

Cash
£0
Net Worth
£71,723
Total Current Assets
£0
Total Current Liabilities
£0

Company Location