INTERTEK INTERNATIONAL LIMITED
Company Information
- Company Number
- 00087587
- Registered Address
- Academy Place, 1-9 Brook Street, Brentwood, Essex, CM14 5NQ
- Status
- Active
- Employee Count
- 177.0
- Turnover
- 37539000.0
- EBITDA
- 8527000.0
Additional Details
- Website
- https://intertek.com
- Company Type
- Private limited Company
- Incorporated On
- 14 February 1906
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- East of England
Company Location
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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 | 31 Jan 2024 | 48 | 36% | 40% | 24% | 93% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 40 | 39% | 47% | 15% | 91% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 46 | 54% | 31% | 15% | 92% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 35 | 58% | 29% | 13% | 90% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 39 | 43% | 46% | 11% | 90% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 53 | 39% | 47% | 14% | 90% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 45 | 51% | 32% | 17% | 93% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 51 | 55% | 29% | 16% | 91% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 33 | 61% | 28% | 11% | 93% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 39 | 59% | 28% | 13% | 84% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 35 | 57% | 31% | 12% | 76% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 37 | 59% | 26% | 15% | 78% |
Company Summary
INTERTEK INTERNATIONAL LIMITED is a leading provider of quality assurance, testing, inspection and certification services
Based in London, the company operates globally and has a strong commitment to sustainability and environmental responsibility
The company offers a range of services including testing and analysis of products, auditing and certification of management systems, and inspection of goods and commodities
These services are utilized by a diverse range of industries including consumer goods, automotive, chemical, and food
INTERTEK INTERNATIONAL LIMITED places a strong emphasis on sustainability and has implemented a number of initiatives to reduce its environmental impact
This includes using green energy sources, recycling waste, and promoting sustainable practices throughout its operations
The company also offers sustainability testing and certification services to help businesses meet environmental standards and regulations
This includes verifying carbon footprints, energy efficiency, and sustainable sourcing of products
Key people in the company include CEO André Lacroix and Chairman David E
Reid
The company has over 46,000 employees worldwide and serves clients in over 100 countries
For more information on INTERTEK INTERNATIONAL LIMITED and its services, you can visit their website at www.intertek.com
The registered office address is 33 Cavendish Square, London, W1G 0PW, United Kingdom
Company Review
Trend Analysis
The average time taken for INTERTEK INTERNATIONAL LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2018-2019, followed by an increase in 2019-2020, and then a decrease again in 2020-2021.
Volatility Analysis
The percentage of invoices paid within 30 days has shown the most volatility, with a high of 61% in 2019-2020 and a low of 36% in 2023-2024. The percentage of invoices paid later than 60 days has also shown significant volatility, with a high of 24% in 2023-2024 and a low of 11% in 2019-2020.
Summary Analysis
In the past three periods, INTERTEK INTERNATIONAL LIMITED has shown a decrease in the average time taken to pay invoices, from 37 days in 2018-2019 to 40 days in 2022-2023. This is mainly driven by an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, there has been an increase in the percentage of invoices not paid within agreed terms, from 76% in 2018-2019 to 93% in 2023-2024.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company does not use standard payment terms but has preferred payment terms of 60 days when negotiating qualifying contracts.
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
Invoice disputes should be referred, in the first instance, to the individual in the company who was responsible for procuring the goods or services in question. If this cannot be resolved, typically the parties are obliged to escalate the dispute to senior representatives of the parties who shall use their reasonable endeavours to resolve the dispute in good faith. Once resolved the invoice will go on the payment run in accordance with payment terms. If resolved after payment due date the invoice will go on the next payment run.
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?
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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
