MICRO FOCUS SOFTWARE (IP) HOLDINGS LIMITED
Company Information
- Company Number
- 11635295
- Registered Address
- The Lawns, 22-30 Old Bath Road, Newbury, Berkshire, England, RG14 1QN
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£3,121,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 October 2018
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Nov 2021 - 30 Apr 2022 | 27 May 2022 | 31 | 75% | 0% | 25% | 29% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Each supplier is required to submit their invoices to the Micro Focus Accounts Payable team in accordance with the instructions on the applicable purchase order. Micro Focus reserves the right to withhold payment on any invoice until such time as Supplier submits the invoice in accordance with the agreed requirements. The standard payment term is sixty (60) days from the receipt of a valid invoice. Some suppliers and supply categories, like essential services, will have payment terms negotiated in advance that will be different from the Micro Focus standard payment term. It is Micro Focus’ practice to issue payment for invoices that become due in the next payment run. If an invoice comes due after a payment run, payment will be issued in the next available payment run.
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
Dispute Resolution Process
If any invoice is disputed, Micro Focus agrees to negotiate in good faith to resolve the dispute. Suppliers can contact the Micro Focus Accounts Payable Department (the current contact details of which are mfapcrc@microfocus.com), or their Micro Focus representative, in connection with disputed invoices, as well as for invoice status and any other payment related questions.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Micro Focus Software (IP) Holdings Limited is a leading multinational software corporation that specializes in providing enterprise software solutions for businesses of all sizes. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Micro Focus offers a wide range of software products and services, including application modernization, security and risk management, data analytics, and collaboration tools. Their software solutions help businesses streamline their operations, increase efficiency, and improve customer satisfaction.
The company's sustainability program focuses on reducing carbon emissions, conserving natural resources, and promoting ethical business practices. They have implemented energy-efficient measures in their offices and data centers, and have also incorporated sustainability criteria into their supply chain management.
Micro Focus is led by a team of experienced professionals, including Executive Chairman Kevin Loosemore and CEO Stephen Murdoch. Their expertise and leadership have helped the company achieve significant growth and success. The company's registered office address is The Lawn, 22-30 Old Bath Road, Newbury, Berkshire, RG14 1QN, United Kingdom.
Micro Focus also has a strong online presence with their website, www.microfocus.com, providing information on their products, services, and sustainability initiatives. The website also offers resources such as whitepapers, case studies, and webinars for businesses to learn more about their solutions and how they can benefit their operations.
In summary, Micro Focus Software (IP) Holdings Limited is a leading software corporation with a commitment to sustainability. Their range of innovative products and services, along with their ethical business practices, make them a trusted partner for businesses worldwide.
