| 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 2018 - 31 Dec 2018 | 06 Feb 2019 | 29 | 66% | 24% | 10% | 61% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 30 | 72% | 17% | 10% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days in line with our contracts with our clients
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
30
Written Dispute Resolution Process in accordance with our terms and conditions
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.
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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
Interserve plc was a public limited company incorporated in 1906, formerly known as Tilbury Contracting Group, Tilbury Group and Tilbury Douglas plc before being renamed Interserve. Companies House records classify it as a holding company, with associated industries including property development and construction, property and land asset management, tradespeople and trade services, and waste management and recycling, indicating a group operating across construction, property and related support activities. The company entered administration in March 2019, which ended in January 2022, followed by compulsory liquidation from December 2021. It is registered in liquidation, with insolvency practitioners from Ernst & Young appointed to oversee the winding up process.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk