INTERTEK INTERNATIONAL LIMITED

PaymentCheck Score 2024
43Poor
3.2vs last year
#4683 in UK
#335 in East of England

Company Information

Company Number
00087587
Registered Address
Academy Place, 1-9 Brook Street, Brentwood, Essex, CM14 5NQ
Status
Active
Employee Count
146
Turnover
£23,190,000
EBITDA
-£147,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 February 1906
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Professional Services
Region
East of England

Time to Pay

Average Time to Pay
42 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
53%
31-60 Days
27%
After 60 Days
20%
Not Paid Within Terms89%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202416 Jan 20254253%27%20%89%
01 Jan 2024 - 30 Jun 202409 Jul 20246947%23%30%90%
01 Jul 2023 - 31 Dec 202331 Jan 20244836%40%24%93%
01 Jul 2022 - 31 Dec 202224 Jan 20234654%31%15%92%
01 Jan 2022 - 30 Jun 202226 Jul 20223558%29%13%90%
01 Jan 2021 - 30 Jun 202127 Jul 20215339%47%14%90%
01 Jan 2019 - 30 Jun 201908 Jul 20193959%28%13%84%
01 Jul 2018 - 31 Dec 201824 Jan 20193557%31%12%76%
01 Jan 2018 - 30 Jun 201825 Jul 20183759%26%15%78%

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

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 information available

Any other information about payment terms

No additional information

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.

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

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.

Financial Metrics

Cash
£4,049,000
Net Worth
£67,614,000
Total Current Assets
£75,579,000
Total Current Liabilities
£18,282,000

Company Location