RESTORE DIGITAL LIMITED
Company Information
- Company Number
- 04624743
- Registered Address
- Village Way, Bilston, Wolverhampton, England, WV14 0UJ
- Status
- Active
- Employee Count
- 638
- Turnover
- £41,941,000
- EBITDA
- £1,891,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 December 2002
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Software
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
RESTORE DIGITAL LIMITED's average payment time of 35 days suggests a trend of payments consistently extending beyond standard 30-day terms. While 50% of invoices are settled promptly within 30 days, a substantial 44% consistently fall into the 31-60 day range. The 26% late payment rate, with 6% exceeding 60 days, indicates a recurring pattern of significant payment delays for a notable portion of invoices.
Volatility Analysis
The payment profile exhibits moderate volatility; while 94% of payments occur within 60 days, 26% are consistently late, impacting overall reliability for suppliers. There's a predictable risk of invoices extending past 30 days given 44% fall into the 31-60 day bracket, reducing payment predictability for nearly half of transactions. The 6% of payments exceeding 60 days represent a clear risk factor for significantly delayed cash flow, indicating inconsistent adherence to reasonable payment schedules.
Summary Analysis
Suppliers should approach RESTORE DIGITAL LIMITED with caution, factoring in the 35-day average payment time and the 26% late payment rate as key decision factors. While half pay promptly, the significant proportion (44%) paying 31-60 days and 6% exceeding 60 days suggests a need for robust cash flow planning from the supplier's side. To mitigate risk, consider establishing shorter payment terms, requesting partial upfront payments for larger orders, or implementing stricter credit limits and active accounts receivable monitoring.
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 2024 - 31 Dec 2024 | 19 Feb 2025 | 26 | 63% | 35% | 2% | 30% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 25 | 63% | 34% | 3% | 31% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jul 2024 | 35 | 50% | 44% | 6% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 29 Jul 2024 | 27 | 64% | 34% | 2% | 46% |
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
Our standard payment terms with suppliers is 30 days from receipt of invoice. On occasions some payment terns may differ some are 7 days, others 30 or 60 days from the date of invoice.
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
60
Dispute Resolution Process
Any matters that will knowingly cause a delay in payment are usually identified at the time invoices are sent for approval. The supplier is then contacted to discuss these matters and a resolution is agreed with them. Once the person authorising the invoices is satisfied the invoice is release for payment. Depending on the nature of the dispute, various departments and individuals from across the business can be involved in achieving a resolution.
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?
❌
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
RESTORE DIGITAL LIMITED is an active private limited company. It specialises in providing services and products related to digital restoration.
The company is registered under company number 04624743 and has been active since its incorporation on 23 December 2002. Its registered office is located at Village Way, Bilston, Wolverhampton, England, WV14 0UJ, placing it within the West Midlands region.
As a private limited company specialising in digital restoration, typical services in the UK market often include data recovery, digitisation of physical archives, and the preservation of digital assets. Such organisations commonly provide solutions for converting legacy formats and ensuring long-term digital accessibility.
