ENTSERV UK LIMITED averages 31 days for payment, indicating a slight tendency to exceed standard 30-day terms. While 63% of payments are made within 30 days, a notable 39% are consistently late, suggesting a trajectory where a significant portion of invoices are not settled promptly.
The 39% late payment rate directly reflects lower reliability regarding timely invoice settlement for suppliers. With 32% of payments occurring between 31-60 days and 5% extending beyond 60 days, predicting exact payment dates can be challenging, posing a moderate cash flow risk due to potential extended delays.
Suppliers should approach engagements with ENTSERV UK LIMITED cautiously given the 39% late payment rate and 31-day average. Key decision factors include the significant likelihood of payments exceeding 30 days, necessitating robust cash flow planning. To mitigate risk, consider implementing stricter payment terms, requesting partial upfront payments, or applying late payment penalties.
| 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 Apr 2024 - 30 Sept 2024 | 23 Oct 2024 | 30 | 68% | 29% | 3% | 30% |
| 01 Oct 2023 - 31 Mar 2024 | 17 Apr 2024 | 31 | 63% | 32% | 5% | 39% |
| 01 Apr 2023 - 30 Sept 2023 | 17 Oct 2023 | 34 | 60% | 36% | 4% | 29% |
| 01 Oct 2022 - 31 Mar 2023 | 14 Apr 2023 | 37 | 53% | 41% | 6% | 26% |
| 01 Apr 2022 - 30 Sept 2022 | 19 Oct 2022 | 33 | 59% | 37% | 4% | 33% |
| 01 Oct 2021 - 31 Mar 2022 | 06 May 2022 | 34 | 64% | 31% | 5% | 24% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 42 | 58% | 32% | 10% | 33% |
| 01 Oct 2020 - 31 Mar 2021 | 27 May 2021 | 47 | 56% | 32% | 12% | 89% |
| 01 Apr 2020 - 30 Sept 2020 | 04 Dec 2020 | 36 | 56% | 36% | 8% | 6% |
| 01 Oct 2019 - 31 Mar 2020 | 28 May 2020 | 44 | 42% | 46% | 12% | 12% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 43 | 38% | 41% | 21% | 14% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 44 | 29% | 50% | 21% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are negotiated, as required, based on the nature of the services provided. In public sector our standard terms do not exceed 30 days. Our general standard terms are 60 days and for relationships with very large suppliers, where balance of trade is involved, terms can be as high as 90 days.
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
120
https://dxc.com/content/dam/dxc/projects/dxc-com/us/pdfs/contact-us/po-terms-and-conditions/DXC-LLC-POTAC-UK.pdf
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
ENTSERV UK LIMITED is an active private limited company. The company name, ENTSERV, indicates an orientation towards enterprise services within the United Kingdom market.
The company was incorporated on 21 July 1897, operating under company number 00053419. Its registered office is located at 110 Pinehurst Road, Farnborough Business Park, Farnborough, Hampshire, England, GU14 7BF, placing its operational base within the South East of England.
As a private limited company, ENTSERV UK LIMITED can typically engage in various commercial activities. These commonly include the provision of goods, services, or consultancy across diverse sectors within the UK market.