The data for CONTROLLED ELECTRONIC MANAGEMENT SYSTEMS LIMITED shows a consistent increase in the average time taken to pay invoices over the last three periods, with a 16% increase between the first and third period.
The data for CONTROLLED ELECTRONIC MANAGEMENT SYSTEMS LIMITED shows a slight increase in the percentage of invoices paid within 30 days in the second period, followed by a decrease in the third period. The percentage of invoices paid between 31 and 60 days also increased in the second period and remained the same in the third period. However, there was a significant increase in the percentage of invoices paid later than 60 days in the third period.
For CONTROLLED ELECTRONIC MANAGEMENT SYSTEMS LIMITED, the average time taken to pay invoices has consistently increased over the last three periods, with a 16% increase from the first to the third period. The company has also seen a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. However, there was a slight improvement in the percentage of invoices paid between 31 and 60 days in the second 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 Oct 2017 - 31 Mar 2018 | 01 May 2018 | 16 | 84% | 10% | 6% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month
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
90
Suppliers are encouraged to contact the Company accounts Payables team in order to discuss queries. If further discussion is required the Procurement Department will be responsible for resolution. Further elevation according to the Company ‘Delegation of Authority’ is normal procedure
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
Controlled Electronic Management Systems Limited trades as CEM Systems, based in Belfast. It designs and manufactures access control hardware and software, including the AC2000 access control and integrated security management system, along with intelligent card readers, controllers, biometric solutions and the emerald touch screen terminal. Its systems are installed at airports, hospitals, ports, universities, corporate premises and other sites where security is important, including major installations such as Heathrow Airport and Aviva Stadium. The company operates as part of the Tyco and Johnson Controls group, describing itself as a provider of access control and fully integrated security management systems with over 30 years of experience in the sector.
Generated from the company's website and Companies House records. Sources: cemsys.com · cemsys.com