The data for GENIAC HOLDINGS LIMITED shows a steady decrease in the average time taken to pay invoices from 2017 to 2020, with the company consistently paying invoices earlier over the years.
There is a slight fluctuation in the percentage of invoices paid within 30 days, with the highest being 100% in 2018 and the lowest being 94.4% in 2020. However, there is a significant decrease in the percentage of invoices paid between 31 and 60 days, with the highest being 50% in 2017 and the lowest being 16.7% in 2020. The percentage of invoices paid later than 60 days also shows a consistent decrease, with the highest being 33.3% in 2017 and the lowest being 0% in 2020.
From 2017 to 2020, GENIAC HOLDINGS LIMITED has consistently improved their payment process, paying invoices earlier and reducing the number of invoices paid after 60 days. The average time taken to pay invoices has decreased from 2017 to 2020, with the lowest being 16.7 days in 2020. The company has also shown a significant improvement in paying invoices within 30 days, with the highest being 100% in 2018. However, there is still room for improvement in paying invoices between 31 and 60 days, with the lowest being 16.7% in 2020.
| 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 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 07 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | |||||
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 |
GENIAC HOLDINGS LIMITED is a dissolved private limited company, incorporated on 14 January 2014, based in the London region. Registered business activity: Activities of other holding companies not elsewhere classified.
From Companies House records.