CAPITA MANAGED IT SOLUTIONS LIMITED
Company Details
Registration Number
NI032979
Registered Address
Hillview House 61 Church Road Newtownabbey Co Antrim BT36 7LQ
Company Status
Active
Employee Count
282
Turnover
£76,129,000
EBITDA
£6,110,000
Additional Information
Website
edumart.co.uk/Company Type
Private limited Company
Incorporated on
25 September 1997
Nature of Business (SIC)
62090 - Other information technology service activities
Industries
Technology consultancy and IT and telecommunications support
Region
Northern IrelandCompany Location
Financial Overview
£4,197,000
£83,443,000
Last Reporting Period
Filed
02 Feb 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
41 days
Payment Periods
Shortest
7 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
23%
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 2023 - 31 Dec 2023 | 02 Feb 2024 | 41 | 61% | 26% | 13% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 31 | 68% | 31% | 1% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 31 | 69% | 29% | 2% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 26 | 55% | 43% | 2% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 26 | 59% | 39% | 3% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 28 | 53% | 45% | 2% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 29 | 49% | 50% | 1% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 26 Jul 2020 | 29 | 57% | 40% | 3% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 37 | 46% | 49% | 5% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 39 | 40% | 53% | 7% | 17% |
Company Summary
CAPITA MANAGED IT SOLUTIONS LIMITED is a leading provider of technology and IT services in the UK
They offer a wide range of services including IT infrastructure, cloud solutions, cyber security, and digital transformation
As a company, CAPITA is committed to sustainability and has implemented various initiatives to reduce their environmental impact
These include promoting energy efficiency, reducing waste, and promoting sustainable business practices
Their products and services are designed to help businesses improve their efficiency and productivity while reducing their carbon footprint
This includes their cloud solutions, which help companies reduce their reliance on physical infrastructure and reduce their energy consumption
Some key people in CAPITA MANAGED IT SOLUTIONS LIMITED include CEO Jon Lewis, who has over 30 years of experience in the IT industry, and Chief Operating Officer, Mark Cook, who has a strong background in technology and business operations
To contact CAPITA MANAGED IT SOLUTIONS LIMITED, you can visit their website at www.capita.com or reach out to their registered office at 71 Victoria Street, Westminster, London, SW1H 0XA
Their team of experts is dedicated to providing high-quality IT solutions and services to businesses across the UK
Company Review
Trend Analysis
The data for CAPITA MANAGED IT SOLUTIONS LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods. In 2019, the average time to pay was 39 days, which decreased to 29 days in 2020 and further decreased to 26 days in 2021. However, in 2022, there was a slight increase to 31 days, but this decreased again to 31 days in 2023. This suggests that the company has been making efforts to pay invoices more promptly in recent years.
Volatility Analysis
The data for CAPITA MANAGED IT SOLUTIONS LIMITED also shows a decrease in the volatility of invoice payments over the past three periods. In 2019, there was a 23% difference between the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. This decreased to 12% in 2020 and then increased to 14% in 2021. However, in 2022, there was a significant increase in volatility, with a 27% difference between the percentages of invoices paid within 30 days and those paid later than 60 days. This decreased again to 15% in 2023. This suggests that the company has been working towards more consistent and timely invoice payments, but there is still room for improvement.
Summary Analysis
From 2019 to 2023, the average time taken for CAPITA MANAGED IT SOLUTIONS LIMITED to pay invoices decreased from 39 days to 31 days. In the same period, there were also improvements in the percentage of invoices paid within 30 days, increasing from 40% to 68%. However, there was a slight increase in the percentage of invoices paid later than 60 days in 2021 and a significant increase in 2023, which reached 13%. This was the worst period for the company in terms of late payments.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
7 Days individuals, 14 Days Micro Business, 30 Days SME, 60 Days Large Corporate
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
60
Dispute Resolution Process
The accounts payable helpdesk number and email address is printed on all correspondence to suppliers, any disputes are expected to be resolved within 30 days of the dispute being raised.
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.
❌
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.
✅
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.
❌
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?
❌
