Registration Number
04260035
Registered Address
2 Cinnamon Park Crab Lane Fearnhead Warrington England WA2 0XP
Company Status
Active
Employee Count
533
Turnover
£95,900,000
EBITDA
£-7,400,000
Website
blueprism.comCompany Type
Private limited Company
Incorporated on
26 July 2001
Nature of Business (SIC)
62012 - Business and domestic software development
Industries
Application software
Region
North West£8,300,000
£3,500,000
Filed
07 Jul 2021
Period
01 Nov 2020 - 30 Apr 2021
Average Time to Pay
21 days
Payment Periods
Shortest
0 days
Longest
60 days
Max Contractual
60 days
Not Paid Within Terms
21%
| 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 Nov 2020 - 30 Apr 2021 | 07 Jul 2021 | 21 | 74% | 23% | 3% | 21% |
| 01 Apr 2020 - 31 Oct 2020 | 07 Jul 2021 | 20 | 85% | 11% | 4% | 14% |
Blue Prism Limited is a UK-based software company that specializes in providing robotic process automation (RPA) solutions to businesses
The company was founded in 2001 and is headquartered in London, with offices in the United States, Europe, and Asia
The core product of Blue Prism is its RPA software, which automates repetitive and manual tasks in various industries such as finance, healthcare, and government
This helps businesses streamline their operations, increase efficiency, and reduce costs
Blue Prism's software is known for its advanced features, including artificial intelligence and machine learning, making it a leader in the RPA market
In addition to its products and services, Blue Prism is committed to sustainability
The company has a sustainability program in place that focuses on reducing its carbon footprint and promoting environmental responsibility
This includes using renewable energy sources, reducing waste, and promoting eco-friendly practices within the company and its supply chain
The key people at Blue Prism include the CEO, Jason Kingdon, and the Chief Operating Officer, Alastair Bathgate, who have both been with the company since its inception
They lead a team of experienced executives and engineers who are dedicated to driving the company's growth and innovation
Blue Prism has a strong online presence and can be contacted through their website, www.blueprism.com
The company's registered office address is at 2 Cinnamon Park, Crab Lane, Warrington, Cheshire, WA2 0XP, United Kingdom
In summary, Blue Prism Limited is a leading RPA software company with a strong focus on sustainability
With a team of experienced leaders and innovative products, the company is poised to continue its growth and success in the future
The average time taken for BLUE PRISM LIMITED to pay invoices has decreased over the three periods, going from 20 days in the first period to 18 days in the third period. The percentage of invoices paid within 30 days has also improved, increasing from 85% to 83%. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, going from 11% to 15%. There has also been a decrease in the percentage of invoices paid later than 60 days, going from 4% to 2%.
There has been some volatility in the average time taken to pay invoices, with a decrease of 1 day in the second period followed by an increase of 3 days in the third period. The percentage of invoices paid within 30 days has also fluctuated, with a decrease of 11% in the second period followed by an increase of 9% in the third period. However, there has been a consistent decrease in the percentage of invoices paid later than 60 days, with a decrease of 1% in each period.
From Apr 2020 to Oct 2020, BLUE PRISM LIMITED took an average of 20 days to pay invoices, with 85% of invoices paid within 30 days and 4% paid later than 60 days. From Nov 2020 to Apr 2021, the average time taken to pay invoices increased to 21 days, with 74% of invoices paid within 30 days and 3% paid later than 60 days. However, in the most recent period (May 2021 to Oct 2021), there was improvement in the average time taken to pay invoices, decreasing to 18 days, with 83% of invoices paid within 30 days and only 2% paid later than 60 days.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company negotiates payment terms with each supplier during the procurement process. As a result, payment terms vary by supplier. The most common payment term in place is 30 days from invoice date although payment terms range from payment on receipt to 60 days from invoice date.
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
Supplier invoices and payments are managed by the Finance Shared Services team. Disputed invoices will be notified to the supplier by the Finance Shared Services team to ensure that they are investigated and resolved in a timely manner. Invoiced items that are subject to dispute will not be paid until resolution of the dispute, whereupon payment shall be made in accordance with this policy.
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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