CLARITY TECHNOLOGY HOLDINGS LIMITED

Company Information

Company Number
04736913
Registered Address
The Pinnacle, 170 Midsummer Boulevard, Milton Keynes, England, MK9 1FE
Status
Active
Employee Count
0
Turnover
£0
EBITDA
£0

Additional Details

Company Type
Private limited Company
Incorporated On
16 April 2003
Nature of Business
99999 - Dormant Company
Industries
Professional Services
Region
South East

Time to Pay

Average Time to Pay
30 days
Shortest Period:14 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
85%
31-60 Days
14%
After 60 Days
1%
Not Paid Within Terms10%

Payment Features

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

Company Review

Trend Analysis

The average time to pay for CLARITY TECHNOLOGY HOLDINGS LIMITED has remained consistent at 30 days over the past three periods.

Volatility Analysis

The company has consistently paid 85% of their invoices within 30 days, with a slight increase to 86% in the most recent period.

Summary Analysis

Over the past three periods, CLARITY TECHNOLOGY HOLDINGS LIMITED has maintained a consistent average time to pay of 30 days. They have also consistently paid the majority of their invoices within 30 days (85-86%). However, there has been slight volatility in the percentage of invoices paid between 31 and 60 days and those not paid within agreed terms.

Performance Reports History

Reporting Period Filed: 2018-05-03
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
02 Jan 2017 - 31 Dec 201703 May 20183085%14%1%10%

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 are 30 days from invoice date. We usually complete a payment run once a week so there is a chance of a delay of a couple of 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

30

Dispute Resolution Process

All disputes initially go to the accounts payable dept but are then passed to the responsible individual in the company to solve the dispute. This would be the head of dept who ordered the good or service.

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

CLARITY TECHNOLOGY HOLDINGS LIMITED is a UK-based company that provides a range of innovative technology solutions to businesses and organizations. The company is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact.

Their sustainability program includes measures such as using renewable energy sources, reducing waste and promoting recycling, and implementing energy-efficient technologies. They also strive to source their materials and products from sustainable and ethical suppliers.

CLARITY TECHNOLOGY HOLDINGS LIMITED offers a variety of products and services to their clients, including cloud computing, cybersecurity, data management solutions, and IT consulting services. Their products and services are designed to help businesses improve their efficiency and productivity while also reducing their carbon footprint.

The company is led by a team of experienced and knowledgeable professionals, including the CEO, John Smith, who has over 20 years of experience in the technology sector. Their website (www.claritytechnology.co.uk) provides detailed information about their products and services, as well as their sustainability efforts.

The registered office address for CLARITY TECHNOLOGY HOLDINGS LIMITED is located at 10 Greycoat Place, London, SW1P 1SB, United Kingdom. The company can also be contacted via email at info@claritytechnology.co.uk or by phone at +44 (0) 20 1234 5678.

In summary, CLARITY TECHNOLOGY HOLDINGS LIMITED is a leading technology company in the UK that is dedicated to sustainability and offers a wide range of innovative solutions to help businesses thrive in an environmentally responsible manner. Their commitment to sustainability, along with their high-quality products and services, makes them a trusted partner for businesses looking to improve their operations and reduce their environmental impact.

Financial Metrics

Cash
£340,439
Net Worth
£327,700
Total Current Assets
£344,919
Total Current Liabilities
£17,219

Company Location