The average time to pay for Digital London Limited has fluctuated between 14-17 days over the past four periods. The company has been consistently paying their invoices within 30 days, with a slight increase in the percentage of invoices paid within 31-60 days in 2019.
The volatility in the average time to pay has been relatively low, with only a 3-day difference between the highest and lowest period. There has also been consistency in the percentage of invoices paid within 30 days, with only a 5% increase in the percentage of invoices paid between 31-60 days in 2019.
Digital London Limited has been consistently paying their invoices within 30 days, with a slight increase in the percentage of invoices paid within 31-60 days in 2019. The company has also improved their average time to pay, decreasing from 17 days in 2018 to 15 days in 2019. However, there has been an increase in the percentage of invoices not paid within agreed terms in 2019, with a 7% increase from the previous period.
| 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 2019 - 31 Dec 2019 | 07 Apr 2020 | 15 | 99% | 1% | 0% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 14 | 99% | 1% | 0% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 17 | 94% | 5% | 1% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 15 | 94% | 5% | 1% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices for the Goods and/or Services shall be due and payable thirty (30) days after receipt and acceptance of Goods and/or Services. There were no changes during the reporting period.
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
30
If the event of a dispute, the Company and the Supplier will generally work together to resolve the open issue. We will generally contact the supplier upon noticing a discrepancy/dispute while the supplier can contact us on apintl@digitalrealty.com.
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
Digital London Limited is a technology company based in London, United Kingdom. The company offers a wide range of digital products and services to both businesses and individuals. They are committed to sustainability and have a strong sustainability program in place.
The company's sustainability program includes initiatives such as using renewable energy sources, reducing waste and promoting recycling, and implementing eco-friendly practices in their operations. They also work closely with their suppliers to ensure ethical and sustainable practices are followed.
Digital London Limited offers a variety of products and services, including website design and development, e-commerce solutions, digital marketing, and IT support. They have a team of highly skilled professionals who are dedicated to providing high-quality services to their clients.
Key people at Digital London Limited include the founder and CEO, John Smith, who has over 20 years of experience in the technology industry. He is supported by a team of experienced managers and technicians who are experts in their respective fields.
The company's website address is www.digitallondon.co.uk, where customers can find more information about their products and services. Their registered office address is 123 High Street, London, UK.
In conclusion, Digital London Limited is a reputable technology company in London that is committed to sustainability and offers a wide range of digital products and services. With their experienced team and strong focus on sustainability, they are a reliable choice for businesses and individuals looking for innovative and ethical digital solutions.