RACKSPACE LIMITED

PaymentCheck Score 2025
74Fair
11.3vs last year
#2193 in UK
#41 in Software
#928 in London

Company Information

Company Number
03897010
Registered Address
Unit 2 6 Millington Road, Hyde Park Hayes, Hayes, Middlesex, United Kingdom, UB3 4AZ
Status
Active
Employee Count
759
Turnover
£103,757,000
EBITDA
-£337,000

Additional Details

Company Type
Private limited Company
Incorporated On
20 December 1999
Nature of Business
63110 - Data processing, hosting and related activities
Industries
Software
Region
London

Time to Pay

Average Time to Pay
32 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
59%
31-60 Days
37%
After 60 Days
4%
Not Paid Within Terms14%

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: 2025-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202531 Jul 20253259%37%4%14%
01 Jul 2024 - 31 Dec 202428 Jan 20254749%38%13%32%
01 Jan 2024 - 31 Jul 202428 Jan 20254255%35%10%26%
01 Jul 2023 - 31 Dec 202310 Jan 20243758%30%12%37%
01 Jan 2023 - 30 Jun 202313 Jul 20233463%28%9%36%
01 Jul 2022 - 31 Dec 202219 Jan 20233658%33%9%41%
01 Jan 2022 - 30 Jun 202213 Jul 20223855%32%13%51%
01 Jul 2021 - 31 Dec 202128 Jan 20223359%36%5%30%
01 Jul 2020 - 31 Dec 202021 Jan 20213563%31%6%23%
01 Jan 2019 - 30 Jun 201922 Jul 20192963%33%4%30%
01 Jul 2018 - 31 Dec 201824 Jan 20193059%37%4%34%

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

60 Days net from invoice issue date

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

90

Dispute Resolution Process

All Accounts Payable related queries, disputes, complaints will arrive within the team typically via two methods - direct telephone calls or into a dedicated shared mailbox. This mailbox is monitored on a daily basis with a view of intercepting incoming mail in the quickest time possible. Expected response time is 48hrs. The team is divided up into individual areas of ownership based on internal vendor classification (alphabetical, critical and non-critical). This allows for a dedicated point of contact being available to our vendors. Each AP Specialist is responsible for handling their individual workload and can typically handle the large majority of incoming queries. Should there be a need, escalation points are in place to ensure more intricate issues are given the attention needed. Level 4 AP specialists are the first point of escalation and if needed can then go up as far as the AP Manager to resolve.

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

RACKSPACE LIMITED is a technology company that specializes in cloud computing and managed hosting services. Based in London, the company was founded in 1998 and has since expanded to become a global leader in its field.

The company's main focus is on providing reliable and efficient cloud services to businesses of all sizes, allowing them to store, manage, and access their data and applications remotely. This includes services such as public, private, and hybrid cloud solutions, as well as managed hosting and dedicated server options.

RACKSPACE LIMITED is also committed to sustainability and has implemented various initiatives to reduce their environmental impact. These include using energy-efficient equipment, implementing recycling programs, and reducing their carbon footprint through responsible travel and transportation practices.

The key people at RACKSPACE LIMITED include CEO Kevin Jones and President Jeff Cotten, both of whom have extensive experience in the technology industry. The company also has a team of dedicated experts who work closely with clients to provide customized solutions and excellent customer service.

For those interested in contacting RACKSPACE LIMITED, the company's website is www.rackspace.com. Their registered office address is 5 Millington Road, Hyde Park Hayes, London UB3 4AZ, United Kingdom. With a strong focus on sustainability and a wide range of innovative cloud services, RACKSPACE LIMITED continues to be a leading player in the technology industry.

Financial Metrics

Cash
£11,236,042
Net Worth
£1,812,825
Total Current Assets
£176,343,002
Total Current Liabilities
£173,229,332

Company Location