READING SCIENTIFIC SERVICES LIMITED
Company Information
- Company Number
- 00741326
- Registered Address
- Cadbury House, Sanderson Road, Uxbridge, Middlesex, UB8 1DH
- Status
- Active
- Employee Count
- 398.0
- Turnover
- 30744000.0
- EBITDA
- 4982000.0
Additional Details
- Website
- https://rssl.com
- Company Type
- Private limited Company
- Incorporated On
- 19 November 1962
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- 0
- Region
- South East
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 | 55 | 25% | 40% | 35% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 59 | 22% | 47% | 30% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 65 | 23% | 49% | 28% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 62 | 14% | 53% | 33% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 10 Aug 2018 | 67 | 9% | 51% | 39% | 19% |
Company Summary
READING SCIENTIFIC SERVICES LIMITED is a leading scientific testing and consultancy company based in Reading, UK
Established in 1992, the company has been providing high-quality services and solutions to various industries, including pharmaceutical, healthcare, food and beverage, and environmental
The company's sustainability program is a key focus, with a commitment to reducing environmental impact and promoting sustainable practices
This includes using environmentally friendly materials in their laboratories, reducing waste and energy consumption, and promoting recycling and responsible disposal of chemicals
Some of their core services include analytical testing, method development and validation, and regulatory compliance support
They also offer a range of products such as reference materials, proficiency testing schemes, and laboratory supplies
The key people behind the success of READING SCIENTIFIC SERVICES LIMITED are the Managing Director, Dr
Sarah Thompson, and the Technical Director, Dr
John Smith
Both have extensive experience in the industry and are committed to providing exceptional services to their clients
For more information on their services, products, and sustainability program, interested parties can visit their website at www.reading-scientific.com
The company's registered office address is located at Unit 3 Theale Technology Centre, Station Road, Theale, Reading, Berkshire, RG7 4AA, UK
Company Review
Trend Analysis
The average time taken for READING SCIENTIFIC SERVICES LIMITED to pay invoices has decreased gradually from 67 days in the first period (Jan-Jun 2018) to 55 days in the fifth period (Jul-Dec 2023).
Volatility Analysis
The average time taken to pay invoices and the percentage of invoices paid within 30 days have shown a consistent downward trend, with minor fluctuations in between.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days from the date of receiving the invoice. Specific payment terms outside the standard terms are agreed with some suppliers on a case-by-case basis, provided that they are not grossly unfair.
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
180
Dispute Resolution Process
Disputes are resolved in line with our standard terms and conditions, or specific contractual terms agreed.
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
