NEWDAY TECHNOLOGY LTD's average payment time is 30 days, however, a considerable 40% of payments fall into the 31-60 day range, with an additional 2% exceeding 60 days. This indicates a consistent trend where nearly half of their invoices are paid beyond a standard 30-day term, suggesting a trajectory towards delayed settlements.
The payment profile exhibits moderate volatility and reduced predictability, with 42% of payments consistently arriving after 30 days, including 2% that are severely delayed beyond 60 days. This presents a clear risk factor for supplier cash flow, as nearly half of receivables are unlikely to be settled within a standard 30-day payment window.
Overall, NEWDAY TECHNOLOGY LTD represents a moderate payment risk, with suppliers needing to factor in a high likelihood of 42% of invoices being paid between 31 and over 60 days. Suppliers should consider negotiating shorter payment terms or requiring upfront deposits for new orders to mitigate the impact of extended payment cycles on their working capital.
| 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 2025 - 30 Jun 2026 | 28 Jul 2025 | 30 | 58% | 40% | 2% | 40% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 60 days.
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
In the event of a dispute, we would expect the supplier to contact their designated Supplier Manager at NewDay Technology Ltd to discuss the issue. The Supplier Manager (which may vary from contract to contract) will aim to deal promptly with the issue in accordance with the terms of the contract.
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
NEWDAY TECHNOLOGY LTD is a private limited company operating within the technology sector. The company's name indicates its focus on technological advancements and services.
This organisation is an active private limited company, incorporated on 12 December 2013. Its registered office is situated at 7 Handyside Street, London, England, N1C 4DA, and its company number is 08812602.
As a technology company in the UK market, such organisations typically provide services including software development, IT consultancy, and digital solutions. They also specialise in areas such as hardware provision, data management, and cybersecurity services for businesses.