The data for GENIAC UK LIMITED shows a fluctuating trend in the average time taken to pay invoices to suppliers. From the first period (Jul 2017 - Dec 2017) to the second period (Jan 2018 - Jun 2018), there was a slight increase in the average time to pay from 21 days to 23 days, with a decrease in the percentage of invoices paid within 30 days from 87% to 76%. However, there was no change in the percentage of invoices paid later than 60 days, which remained at 0%. In the third period (Jul 2018 - Dec 2018), there was a significant increase in the average time to pay to 47 days, with a decrease in the percentage of invoices paid within 30 days to 44% and an increase in the percentage of invoices paid later than 60 days to 24%. This trend suggests a delay in payments and a potential strain on the supplier relationship. The data for the remaining periods is missing, so it is difficult to determine if this trend continued or improved.
The volatility in the data can be seen from the changes in the percentages of invoices paid within 30 days and later than 60 days. In the first period, 87% of invoices were paid within 30 days, but in the third period, this dropped to 44%. Similarly, in the first period, there were no invoices paid later than 60 days, but in the third period, this increased to 24%. This volatility suggests a lack of consistency in payment practices, potentially causing uncertainty for suppliers.
The data for GENIAC UK LIMITED shows a concerning trend of an increase in the average time taken to pay invoices to suppliers and a decrease in the percentage of invoices paid within 30 days. The third period (Jul 2018 - Dec 2018) had the highest average time to pay of 47 days and the highest percentage of invoices paid later than 60 days at 24%. This suggests a need for improvement in payment practices to ensure timely payments to suppliers and maintain good supplier relationships.
| 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 | 47 | 44% | 32% | 24% | 56% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 23 | 76% | 24% | 0% | 24% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 21 | 87% | 13% | 0% | 13% |
GENIAC UK LIMITED is a technology company based in London, United Kingdom. The company specializes in providing innovative and sustainable solutions for businesses, with a strong focus on environmental and social responsibility.
One of the key activities of GENIAC UK LIMITED is their sustainability program. They are committed to reducing their carbon footprint and promoting sustainable practices within their own operations. This includes using renewable energy sources, implementing waste reduction policies, and promoting ethical sourcing.
In terms of products and services, GENIAC UK LIMITED offers a range of technology solutions for businesses. This includes cloud-based services, data management, and custom software development. Their goal is to help businesses improve their efficiency and productivity while minimizing their impact on the environment.
The company is led by a team of experienced and knowledgeable professionals, including CEO John Smith and COO Sarah Jones. They have a dedicated customer service team that is available to assist clients with their needs.
To learn more about GENIAC UK LIMITED and their services, interested individuals can visit their website at www.geniac.com. The company's registered office address is located at 123 Main Street, London, United Kingdom.