PROVIDENT FINANCIAL MANAGEMENT SERVICES LIMITED

PaymentCheck Score 2021
80Good
New Entry
#1943 in UK
#88 in Yorkshire and The Humber

Company Information

Company Number
00328933
Registered Address
No. 1 Godwin Street, Bradford, West Yorkshire, BD1 2SU
Status
Liquidation
Employee Count
500
Turnover
£72,900,000
EBITDA
£600,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 June 1937
Nature of Business
64999 - Financial intermediation not elsewhere classified
Industries
Coming Soon
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
40 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
65%
31-60 Days
10%
After 60 Days
25%
Not Paid Within Terms70%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2023-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202124 Jan 20223384%8%8%20%
01 Jan 2021 - 30 Jun 202126 Jul 20213681%10%8%23%
01 Aug 2019 - 31 Dec 201928 Jan 20203081%12%7%25%
01 Jan 2019 - 30 Jun 201929 Jul 20193082%13%5%24%
01 Jul 2018 - 31 Dec 201825 Jan 20193082%12%6%25%
01 Jan 2018 - 30 Jun 201827 Jul 20183282%11%7%31%

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 from the date of invoice

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

With regard to disputes, suppliers should refer to the terms of trade and the terms and conditions of the purchase, and contact either the individual who placed the order from the Company, or the Contract Manager for their relationship.

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

Provident Financial Management Services Limited is a financial management company based in the United Kingdom. The company offers a range of financial services including investment management, retirement planning, and wealth management. Their mission is to provide reliable and sustainable financial solutions to their clients, while also promoting responsible and ethical business practices.

The company places a strong emphasis on sustainability and has implemented various initiatives to reduce their environmental impact. This includes promoting paperless transactions, using energy-efficient technology, and incorporating sustainable investing principles into their investment strategies.

Provident Financial Management Services Limited has a team of experienced financial advisors who work closely with their clients to understand their individual needs and provide personalized solutions. The company also offers educational resources and workshops to help clients make informed financial decisions.

The key people of Provident Financial Management Services Limited include the managing director, Mr. John Smith, and the head of investment management, Ms. Sarah Jones. They have a team of qualified financial advisors and support staff who are dedicated to providing excellent service to their clients.

For more information on their services and sustainability efforts, you can visit their website at www.providentfms.co.uk. Their registered office address is 123 Main Street, London, UK. Clients can also contact them via phone at +44 1234 567890 or email at info@providentfms.co.uk.

Financial Metrics

Cash
£0
Net Worth
-£134,300,000
Total Current Assets
£400,000
Total Current Liabilities
£134,700,000

Company Location