MACFARLANES SERVICES LIMITED

PaymentCheck Score 2024
66Fair
8.9vs last year
#3234 in UK
#1318 in London

Company Information

Company Number
01153163
Registered Address
20 Cursitor Street, London, EC4A 1LT
Status
Active
Employee Count
Coming Soon
Turnover
Coming Soon
EBITDA
Coming Soon

Additional Details

Company Type
Private limited Company
Incorporated On
21 December 1973
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Coming Soon
Region
London

Time to Pay

Average Time to Pay
31 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:31 days

Payment Timeline

Within 30 Days
72%
31-60 Days
21%
After 60 Days
8%
Not Paid Within Terms11%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-05-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2024 - 30 Sept 202430 Oct 20243533%60%7%7%
01 Nov 2023 - 31 Mar 202430 May 20243172%21%8%11%
01 May 2023 - 31 Oct 202330 Nov 20232861%33%6%8%
01 Nov 2022 - 30 Apr 202326 May 20235914%29%57%71%
01 May 2022 - 31 Oct 202221 Nov 20224820%60%20%20%
01 Nov 2021 - 30 Apr 202201 Jun 20223833%50%17%17%
01 May 2021 - 31 Oct 202130 Nov 20215057%14%29%29%
01 Nov 2020 - 30 Apr 202126 May 20213071%29%0%0%
01 May 2020 - 31 Oct 202030 Nov 202024100%0%0%0%
01 Nov 2019 - 30 Apr 202029 May 20202675%25%0%25%
01 May 2019 - 31 Oct 201927 Nov 20192768%16%16%16%
01 Nov 2018 - 30 Apr 201930 May 201921100%0%0%0%
01 May 2018 - 31 Oct 201829 Nov 201821100%0%0%0%
01 Nov 2017 - 30 Apr 201831 May 201821100%0%0%0%
01 May 2017 - 31 Oct 201729 Nov 201721100%0%0%0%

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

Macfarlanes Services Limited is a service company which provides services exclusively to Macfarlanes LLP. The Group operates a group treasury function with inter-company transactions deemed settled when they are posted to the inter-company accounts.

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

31

Dispute Resolution Process

In case of disagreement concerning the quantity or quality of goods or services supplied, Macfarlanes Services Limited and the supplier will negotiate a solution, equitable to both parties.

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

MACFARLANES SERVICES LIMITED operates as a private limited company, specialising in the provision of services. Its company name clearly indicates a focus on delivering professional or business services.

Registered in England with company number 01153163, MACFARLANES SERVICES LIMITED holds active status. The company was incorporated on 21 December 1973 and maintains its registered office at 20 Cursitor Street, London, EC4A 1LT.

Companies operating under a 'Services Limited' designation typically focus on delivering a broad range of support or operational services to businesses or individuals within the UK market. These can encompass professional, administrative, or specialised offerings designed to meet various client needs.

Financial Metrics

Cash
£59,200
Net Worth
£5,100,000
Total Current Assets
£22,100,000
Total Current Liabilities
£17,000,000

Company Location