GENIAC HOLDINGS LIMITED
Company Details
Registration Number
08844784
Registered Address
30 Finsbury Square London England EC2A 1AG
Company Status
Dissolved
Employee Count
0
Turnover
£0
EBITDA
£0
Additional Information
Website
grantthornton.co.ukCompany Type
Private limited Company
Incorporated on
14 January 2014
Nature of Business (SIC)
64209 - Activities of other holding companies not elsewhere classified
Industries
0
Region
LondonCompany Location
Financial Overview
£35
£16,238
Last Reporting Period
Filed
29 Jan 2021
Period
01 Jul 2020 - 31 Dec 2020
Payment Timing
Average Time to Pay
0 days
Payment Periods
Shortest
0 days
Longest
0 days
Max Contractual
0 days
Payment Timeline
Not Paid Within Terms
0%
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 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 |
Company Summary
GENIAC HOLDINGS LIMITED is a UK-based company that offers innovative and sustainable solutions to businesses
The company was founded in 2012 and is headquartered in London, with a registered office address at 1 Mark Square, London, EC2A 4EG
The company's sustainability program is focused on reducing their own carbon footprint and helping their clients do the same
They have implemented various initiatives such as using renewable energy sources, reducing waste, and promoting sustainable practices among their employees and clients
GENIAC offers a range of products and services that cater to the needs of small and medium-sized businesses
Their core product is an all-in-one business management platform that helps businesses streamline their operations and increase their productivity
The platform includes features such as HR management, accounting, and project management
The key people behind GENIAC HOLDINGS LIMITED are Co-founders, CEO and Chairman, Luke Lang and CTO and Director, Nick Tong
Both of them are highly experienced business leaders and have a strong background in the technology sector
The company's website, www.geniac.com, provides detailed information about their products and services, as well as their sustainability efforts
The website also includes a blog section where the company shares useful insights and tips for small businesses
In summary, GENIAC HOLDINGS LIMITED is a sustainable and innovative company that offers a comprehensive business management platform for small and medium-sized businesses
With a focus on reducing their own environmental impact and helping their clients do the same, the company is playing a crucial role in promoting sustainability in the business world
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Not specified
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
Not specified
Dispute Resolution Process
Not specified
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?
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