REDCENTRIC PLC
Company Information
- Company Number
- 08397584
- Registered Address
- Central House, Beckwith Knowle, Harrogate, North Yorkshire, HG3 1UG
- Status
- Active
- Employee Count
- 654
- Turnover
- £135,138,000
- EBITDA
- £29,356,000
Additional Details
- Website
- https://www.4d-dc.com/
- Company Type
- Public limited Company
- Incorporated On
- 11 February 2013
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Software
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for REDCENTRIC PLC's average time to pay invoices has been gradually decreasing over the past three periods, starting at 52 days in the first period and decreasing to 47 days in the most recent period. This indicates that the company is making efforts to pay their invoices in a more timely manner.
Volatility Analysis
The volatility in REDCENTRIC PLC's payment patterns is relatively low, with the average time to pay only fluctuating by a maximum of 5 days between the three periods. This indicates that the company has a consistent approach to paying invoices.
Summary Analysis
In the most recent period, REDCENTRIC PLC had an average time to pay of 47 days, with 14% of invoices being paid within 30 days, 65% paid between 31 and 60 days, and 21% paid later than 60 days. This shows an improvement from the previous two periods, where the average time to pay was 52 days and 49 days, respectively.
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 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 47 | 14% | 65% | 21% | 85% |
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
Either 30 days from date of invoice or 60 days from date of invoice
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
Redcentric plc (the "Company") uses a group email address (accountspayable@redcentricplc.com) to which it directs all accounts payable queries and disputes. All queries or disputes to this address are then picked up by a member of the accounts team in the first instance in a timely manner. If the dispute is not able to be resolved at this level it is escalated within the Company's finance team (ultimately to the finance director or chief finance officer).
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
REDCENTRIC PLC is a leading UK-based IT services provider that offers a wide range of innovative, cost-effective and sustainable solutions to businesses. The company has been in operation since 1997 and has established a strong reputation for its high-quality products and services.
The company's sustainability program is focused on reducing its environmental impact and promoting social responsibility. This includes initiatives such as using renewable energy sources, reducing carbon emissions, and implementing ethical and fair business practices.
REDCENTRIC PLC offers a range of products and services including cloud solutions, managed services, connectivity, and cyber security. Their cloud solutions enable businesses to access their data and applications from anywhere, while their managed services provide IT support and maintenance to ensure smooth operations. The company's connectivity services offer high-speed and secure internet connections, and their cyber security solutions protect against potential threats.
The company is led by a team of experienced and knowledgeable professionals, including CEO Chris Jagusz and CFO Peter Brotherton. The company's registered office address is at Central House, Beckwith Knowle, Otley Road, Harrogate, North Yorkshire, HG3 1UG.
With a commitment to sustainability and a strong portfolio of products and services, REDCENTRIC PLC continues to be a trusted and reliable partner for businesses in the UK. For more information, visit their website at www.redcentricplc.com.
