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

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

Failed to initialize map

Financial Metrics

Cash
£0.00
Net Worth
£22,231,000.00
Total Current Assets
£21,649,000.00
Total Current Liabilities
£8,316,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
55 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:180 days

Payment Timeline

Within 30 Days
25%
31-60 Days
40%
After 60 Days
35%
Not Paid Within Terms7%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Dec 2018Jun 2018020406080

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Dec 2018Jun 2018015304560

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20245525%40%35%7%
01 Jan 2023 - 30 Jun 202326 Jul 20235922%47%30%7%
01 Jul 2022 - 31 Dec 202206 Feb 20236523%49%28%11%
01 Jul 2018 - 31 Dec 201829 Jan 20196214%53%33%18%
01 Jan 2018 - 30 Jun 201810 Aug 2018679%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