ZONAL RETAIL DATA SYSTEMS LIMITED
Company Information
- Company Number
- SC069596
- Registered Address
- 1 Tanfield, Edinburgh, EH3 5DA
- Status
- Active
- Employee Count
- 755
- Turnover
- £80,459,000
- EBITDA
- -£7,090,000
Additional Details
- Website
- https://www.zonal.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 12 October 1979
- Nature of Business
- 26200 - Manufacture of computers and peripheral equipment62012 - Business and domestic software development
- Industries
- Data, Events And Venues, Financial Services, Food And Drink, Hardware, Software
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for ZONAL RETAIL DATA SYSTEMS LIMITED to pay invoices to suppliers has decreased over the past three periods, from 35 days in the first period to 31 days in the most recent period. This trend indicates that the company is making efforts to pay its invoices in a more timely manner.
Volatility Analysis
The volatility of ZONAL RETAIL DATA SYSTEMS LIMITED's payment process has remained relatively stable over the past three periods. The percentage of invoices paid within 30 days has fluctuated by only 1%, while the percentage of invoices paid between 31 and 60 days has remained consistent at 87%. The most notable change is in the percentage of invoices paid later than 60 days, which decreased by 0.5% in the most recent period.
Summary Analysis
In the past three periods, ZONAL RETAIL DATA SYSTEMS LIMITED has made improvements in its payment process. The average time to pay has decreased from 35 days to 31 days, indicating that the company is making efforts to pay invoices in a more timely manner. Additionally, the percentage of invoices paid within 30 days has increased by 2%, while the percentage of invoices paid later than 60 days has decreased by 0.5%. These changes suggest that the company is making an effort to pay its invoices earlier and reduce the number of late payments.
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 2017 - 31 Dec 2017 | 29 Mar 2018 | 35 | 11% | 88% | 1% | 27% |
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
30 days
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
Disputes are rare but when arise are handled with the input of finance and the relevant operational manager with the objective of finding an expedient resolution
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
ZONAL RETAIL DATA SYSTEMS LIMITED is a leading technology company based in Scotland, United Kingdom. They specialize in providing innovative and sustainable solutions for the retail industry. The company was founded in 1979 and has grown to become a trusted partner for retailers worldwide.
The company's sustainability program focuses on reducing their environmental impact through various initiatives such as energy-efficient operations, waste reduction, and responsible sourcing. They also strive to create a positive social impact by supporting local communities and promoting diversity and inclusion within their workforce.
ZONAL RETAIL DATA SYSTEMS LIMITED offers a range of products and services that help retailers streamline their operations and improve the customer experience. Their flagship product, the "EPoS" (Electronic Point of Sale) system, allows businesses to manage sales, inventory, and customer data in real-time. They also provide online ordering, payment, and loyalty solutions, as well as consultancy services to help retailers optimize their technology usage.
Key people in the company include Chief Executive Officer, Stuart McLean, and Chief Operating Officer, Clive Consterdine, who bring extensive experience and expertise to the company's operations. The company is also committed to nurturing a talented and diverse workforce, with a focus on continuous learning and development.
For more information on ZONAL RETAIL DATA SYSTEMS LIMITED and their products and services, you can visit their website at www.zonal.co.uk. Their registered office address is Zonal Retail Data Systems Limited, 24 Craigleith Rd, Edinburgh EH4 3LH, United Kingdom.
