EQUANS SERVICES LIMITED
Company Details
Registration Number
00598379
Registered Address
First Floor Neon Q10 Quorum Business Park Benton Lane Newcastle Upon Tyne England NE12 8BU
Company Status
Active
Employee Count
8056
Turnover
£803,979,000
EBITDA
£6,886,000
Additional Information
Website
engie.comCompany Type
Private limited Company
Incorporated on
4 February 1958
Nature of Business (SIC)
81100 - Combined facilities support activities
Industries
Cleaning
Region
North EastCompany Location
Financial Overview
£50,798,000
£58,523,000
Last Reporting Period
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
25 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
17%
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 | 30 Jan 2024 | 25 | 84% | 11% | 5% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 27 | 83% | 11% | 6% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 22 | 86% | 9% | 5% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 19 | 91% | 6% | 3% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jan 2022 | 18 | 91% | 7% | 2% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 22 | 79% | 19% | 2% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 27 | 73% | 25% | 2% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 26 | 71% | 25% | 4% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 34 | 61% | 33% | 6% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 38 | 57% | 30% | 13% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 50 | 44% | 38% | 18% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 70 | 30% | 45% | 25% | 45% |
Company Summary
EQUANS SERVICES LIMITED is a UK-based company that offers a wide range of services in the energy, facilities management, and transportation sectors
The company is committed to sustainability and has a strong focus on reducing its environmental impact
The company provides services such as energy management, building maintenance, and transportation solutions to its clients
EQUANS also offers innovative products and services in the renewable energy sector, helping clients to reduce their carbon footprint and move towards a more sustainable future
The key people at EQUANS include its CEO, who is responsible for the overall strategic direction of the company, and its experienced team of professionals who ensure the delivery of high-quality services to clients
In terms of sustainability, EQUANS has a robust program in place to minimize its environmental impact
This includes using eco-friendly materials, reducing energy consumption, and implementing sustainable practices in its operations
The company also actively promotes sustainable practices to its clients and partners
EQUANS SERVICES LIMITED can be contacted through its website, which provides detailed information about its services, products, and sustainability efforts
The company's registered office address is located in London, UK
In conclusion, EQUANS SERVICES LIMITED is a leading company in the UK that offers sustainable solutions in the energy, facilities management, and transportation sectors
With its focus on sustainability and commitment to reducing its environmental impact, the company is dedicated to creating a more sustainable future for all
Company Review
Trend Analysis
The trend for EQUANS SERVICES LIMITED is a gradual improvement in their average time to pay invoices, with a decrease of 48% over the last three periods. They have also shown a consistent increase in the percentage of invoices paid within 30 days, with a significant jump of 72% between their first and most recent period. Additionally, there has been a steady decrease in the percentage of invoices paid later than 60 days, with a decrease of 80% over the last three periods.
Volatility Analysis
There is some volatility in the data for EQUANS SERVICES LIMITED, particularly in the percentage of invoices paid between 31 and 60 days. This percentage fluctuated between 30% and 45% in the first three periods, before stabilizing at a lower rate of 11% in the last three periods.
Summary Analysis
From 2018-01-01 to 2021-12-31, EQUANS SERVICES LIMITED has shown a consistent improvement in their payment practices. They have decreased their average time to pay invoices by 52%, with the most significant improvement seen in the last three periods. Additionally, they have consistently increased the percentage of invoices paid within 30 days, while also decreasing the percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Equans standard payment terms are 60 days, depending on the size of the supplier. Where they have been identified as a company employing 50 employees or less, the payment terms are 30 days (during this period 83% of suppliers were paid within agreed terms). All suppliers operating as part of our public sector contracts are allocated 30-day payment terms too.
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
Suppliers must submit their invoices quoting a valid purchase order to ensure the invoice can be processed and made available for payment. Invoices must not be submitted prior to the goods/service being delivered. All disputes are managed via our Procure to Pay system with suppliers being notified of a dispute, via e-mail, as soon as the invoice is processed. We aim to resolve all disputes within 10 working days to ensure our supplier can be paid within agreed terms. This is, however, dependant, in part, on timely responses from the supplier to rectify any issues.
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?
❌
