ADVANCED COMPUTER SOFTWARE GROUP LIMITED
Company Information
- Company Number
- 05965280
- Registered Address
- The Mailbox Level 3, 101 Wharfside Street, Birmingham, United Kingdom, B1 1RF
- Status
- Active
- Employee Count
- 2960.0
- Turnover
- 321708000.0
- EBITDA
- 33646000.0
Additional Details
- Website
- https://oneadvanced.com/
- Company Type
- Private limited Company
- Incorporated On
- 12 October 2006
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Information Technology,Telecommunications And Data,Professional Services
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Mar 2023 - 31 Aug 2023 | 08 Feb 2024 | 115 | 13% | 0% | 88% | 88% |
Company Summary
Advanced Computer Software Group Limited is a leading provider of innovative software solutions for the healthcare, public sector, and commercial markets
The company was founded in 2005 and is headquartered in London, England
The company offers a wide range of products and services including electronic patient record systems, financial management software, and workforce management solutions
Their software helps healthcare organizations improve patient care, increase efficiency, and reduce costs
Advanced Computer Software Group Limited is committed to sustainability and has implemented various initiatives to reduce its environmental impact
They have a recycling program in place and have implemented energy-efficient practices in their offices
The company also encourages telecommuting to reduce carbon emissions
The key people at Advanced Computer Software Group Limited include CEO Gordon Wilson and Chairman Mike Lawrie
They have a team of experienced professionals who are dedicated to providing high-quality software solutions and services
The company's registered office address is 1 King Street, London EC2V 8AU, United Kingdom
Their website, www.advancedcomputersoftware.com, provides detailed information about their products, services, and sustainability efforts
Customers can also contact them through their website for any inquiries or customer support
Company Review
Trend Analysis
The average time to pay for ADVANCED COMPUTER SOFTWARE GROUP LIMITED has fluctuated over the past three periods, with a slight decrease in the most recent period. However, the percentage of invoices paid within 30 days has also decreased in the most recent period, while the percentage of invoices paid later than 60 days has increased.
Volatility Analysis
The volatility of the average time to pay for ADVANCED COMPUTER SOFTWARE GROUP LIMITED has been relatively low, with only a 10% change between the lowest and highest values. However, there has been a significant increase in the percentage of invoices paid later than 60 days in the most recent period.
Summary Analysis
The average time to pay for ADVANCED COMPUTER SOFTWARE GROUP LIMITED has decreased from 125 days in the second period to 120 days in the third period. However, the percentage of invoices paid within 30 days has also decreased from 10% to 15% in the third period. The company has consistently paid all invoices within the agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days following 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
Dispute Resolution Process
All disputes are looked into by the Accounts Payable team in the first instance, if the team are not able to resolve the issue the matter is raised to the company’s procurement function to resolve in an appropriate manner.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
