PRINOVIS UK LIMITED
Company Information
- Company Number
- 05063783
- Registered Address
- One Fleet Place, London, EC4M 7WS
- Status
- Active
- Employee Count
- 4
- Turnover
- Coming Soon
- EBITDA
- -£1,061,000
Additional Details
- Website
- https://www.prinovis.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 4 March 2004
- Nature of Business
- 58190 - Other publishing activities
- Industries
- Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for PRINOVIS UK LIMITED to pay invoices has fluctuated over the past three periods, with a slight decrease in the most recent period. However, there has been a steady increase in the percentage of invoices paid within 30 days, while the percentage of invoices paid between 31-60 days has remained relatively consistent. The percentage of invoices paid later than 60 days has also fluctuated, with a significant increase in the most recent period compared to the previous two periods.
Volatility Analysis
The volatility of PRINOVIS UK LIMITED's payment patterns can be seen in the fluctuation of the average time to pay and the percentage of invoices paid within 30 days. There has been a significant increase in the percentage of invoices paid later than 60 days in the most recent period, indicating a potential issue with late payments.
Summary Analysis
From 2018-2020, PRINOVIS UK LIMITED had a consistent average time to pay of around 40 days. However, in 2021, there was a slight decrease to 35 days, followed by a slight increase to 43 days in 2022. The percentage of invoices paid within 30 days has steadily increased from 43% in 2018 to 47% in 2023. The percentage of invoices paid later than 60 days has also fluctuated, with a significant increase to 42% in 2020. Overall, PRINOVIS UK LIMITED has shown a trend towards paying invoices earlier, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, there is still room for improvement in ensuring timely payments, as seen in the increase in the percentage of invoices paid later than 60 days in 2020.
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 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | 35 | 47% | 41% | 12% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 43 | 33% | 38% | 29% | 67% |
| 01 Jul 2021 - 31 Dec 2021 | 09 Feb 2022 | 46 | 25% | 38% | 37% | 82% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Jul 2021 | 44 | 30% | 36% | 34% | 75% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 48 | 24% | 34% | 42% | 85% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Aug 2020 | 43 | 35% | 39% | 26% | 59% |
| 01 Jul 2019 - 31 Dec 2019 | 19 Feb 2020 | 39 | 44% | 43% | 13% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 39 | 44% | 43% | 13% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 39 | 47% | 40% | 13% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 40 | 43% | 34% | 23% | 64% |
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
90 days net (with 3% discount if paid within 5 days EOM in which the invoice was received). This is stated in the Prinovis UK Limited T&Cs. www.prinovis.co.uk When a new supplier is set up, they are offered this payment term as standard. Any move away from this term has to be agreed up front.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Prinovis UK systems are configured to calculate payment date based upon invoice receipt date. In some cases where the supplier does not promptly send an invoice, or it is not received, this can lead to payments being reported as late despite them being paid to terms based upon receipt date. Prinovis UK takes its supplier payment seriously, and as such standard company policy is to pay invoices as they fall due based upon the calculated due date.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Any payment disputes are dealt with by the Accounts Payable Team in the first instance. If the matter remains unresolved, it will be escalated to the senior managers in finance and purchasing.
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
PRINOVIS UK LIMITED is a printing company based in Liverpool, UK. They specialize in producing high-quality printed materials such as magazines, catalogs, and brochures for clients in various industries.
The company is committed to sustainability and has implemented several initiatives to reduce their environmental impact. They have a comprehensive sustainability program that includes recycling, energy-efficient production processes, and the use of eco-friendly materials.
In terms of products and services, PRINOVIS UK LIMITED offers a wide range of printing services, including digital and offset printing, binding, and finishing. They also provide design and pre-press services to ensure the best quality for their clients.
The key people at PRINOVIS UK LIMITED include the managing director, sales and marketing director, and production manager. They have a team of experienced and skilled professionals who are dedicated to delivering exceptional printing solutions to their clients.
For more information about their services and sustainability efforts, you can visit their website at www.prinovis.co.uk. Their registered office address is at 36 Vauxhall Road, Liverpool, L3 6EY, UK.
