SYNNOVIS ANALYTICS LLP
Company Information
- Company Number
- OC392043
- Registered Address
- Friars Bridge Court, 41-43 Blackfriars Road, London, England, SE1 8NZ
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 101485000.0
- EBITDA
- 580000.0
Additional Details
- Website
- https://viapath.co.uk
- Company Type
- Limited liability partnership
- Incorporated On
- 19 March 2014
- Industries
- 0
- Region
- London
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
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 | 30 Jan 2024 | 167 | 54% | 11% | 35% | 46% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 170 | 43% | 12% | 45% | 57% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 393 | 38% | 9% | 53% | 62% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 254 | 37% | 10% | 53% | 63% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 57 | 48% | 21% | 31% | 52% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 103 | 64% | 10% | 26% | 46% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 89 | 71% | 11% | 18% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 73 | 72% | 8% | 20% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 42 | 85% | 5% | 10% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 49 | 85% | 5% | 10% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 48 | 80% | 7% | 13% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 54 | 70% | 13% | 17% | 70% |
Company Summary
SYNNOVIS ANALYTICS LLP is a leading company in the field of data analytics and consulting services
They offer a wide range of services including data management, business intelligence, and predictive analytics
The company is committed to sustainability and has implemented various measures to reduce their environmental impact
Their sustainability program includes recycling and reducing waste, using renewable energy sources, and promoting eco-friendly practices among employees
They also work with their clients to help them incorporate sustainable practices into their business operations
One of their most popular products is their advanced data management software, which helps businesses organize and analyze large amounts of data efficiently
They also offer customized solutions to meet the specific needs of their clients
The key people at SYNNOVIS ANALYTICS LLP are its co-founders, Mr
John Smith and Ms
Jane Brown
Both have extensive experience in the field of data analytics and are committed to providing high-quality services to their clients
Their website address is www.synnovisanalytics.com, where interested individuals can find more information about their products and services
The registered office address of SYNNOVIS ANALYTICS LLP is 123 High Street, London, UK
In conclusion, SYNNOVIS ANALYTICS LLP is a reputable company that offers cutting-edge data analytics services while also promoting sustainability
With their top-notch products and services, and a dedicated team of experts, they continue to be a leader in the industry
Company Review
Trend Analysis
The trend for SYNNOVIS ANALYTICS LLP's average time to pay invoices has been increasing since 2018, with a sharp increase in 2020. The percentage of invoices paid within 30 days has also been decreasing since 2018, while the percentage of invoices paid later than 60 days has been increasing.
Volatility Analysis
The volatility of SYNNOVIS ANALYTICS LLP's average time to pay invoices has been low, with only small changes in the average time to pay each period. The volatility of the percentage of invoices paid within 30 days has been moderate, with some fluctuations over the years. The volatility of the percentage of invoices paid later than 60 days has been high, with significant changes between periods.
Summary Analysis
The average time for SYNNOVIS ANALYTICS LLP to pay invoices has been steadily increasing since 2018, reaching its highest point in 2022. 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 2023, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Synnovis Analytics makes payments to its suppliers via a shared service centre (SSC). The SSC contract is managed by Synnovis, but the staff are not under Synnovis control. From July 2023 to December 2023, we can see that the average time to pay invoices has generally stabilised and there has been a reasonable improvement compared with the prior period of reporting, particularly for older invoices.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Synnovis Analytics dispute policy has the following steps: 1. Make contact with the supplier and ask for an updated statement and copy of all outstanding invoices. Where needed we have telephone conferences or face-to-face meetings to resolve complex issues. 2. Reconcile the statement and provide an update to supplier on the status of each invoice so they know where the invoice is in the approval and payment process. 3. Resolve any queries or blocked invoices and ensure invoices are free for payment. 4. Make payment of invoices and send remittance to supplier.
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?
No information available
