FIRCROFT ENGINEERING SERVICES LIMITED

PaymentCheck Score 2023
99Excellent
vs last year
#123 in UK
#12 in Professional Services
#9 in North West

Company Information

Company Number
01405855
Registered Address
Lingley House 120 Birchwood Boulevard, Birchwood, Warrington, WA3 7QH
Status
Active
Employee Count
97
Turnover
£138,872,000
EBITDA
-£1,736,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 December 1978
Nature of Business
09100 - Support activities for petroleum and natural gas extraction
62020 - Information technology consultancy activities
78200 - Temporary employment agency activities
Industries
Professional Services
Region
North West

Time to Pay

Average Time to Pay
8 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
99%
31-60 Days
1%
After 60 Days
0%
Not Paid Within Terms2%

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: 2023-05-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2022 - 30 Apr 202331 May 2023899%1%0%2%
01 Nov 2021 - 30 Apr 202225 Jul 2022799%1%0%2%
01 Mar 2021 - 31 Oct 202130 Nov 2021599%1%0%3%
01 Sept 2020 - 28 Feb 202130 Mar 2021498%2%0%4%
01 Mar 2020 - 31 Aug 202030 Sept 2020696%2%2%6%
01 Sept 2018 - 28 Feb 201929 Mar 2019598%2%0%4%

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

It is the company’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The majority of suppliers are paid on 7-day terms for contractor payments and 30 day terms for trade suppliers.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Not applicable

Maximum contractual payment period agreed

90

Dispute Resolution Process

Invoices in dispute are placed on hold after being notified by the internal purchaser and we seek to resolve queries as quickly as possible. If the initial discussions with the supplier do not resolve the issue, Fircroft operates a complaints service, whereby the query is registered and investigated by the Commercial and Legal Manager who are independent to the Accounts Payable Department. Once the dispute has been resolved, the invoice is paid on the next payment run.

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

FIRCROFT ENGINEERING SERVICES LIMITED is a global engineering recruitment and workforce solutions company based in the United Kingdom. They provide a wide range of services to clients in the engineering industry, including recruitment, workforce management, and project support.

The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact. This includes using renewable energy sources, promoting recycling and waste reduction, and implementing sustainable travel practices.

Their products and services include sourcing and placing skilled engineers for various projects, managing and mobilizing workforces, and providing project support and consultancy services. They also offer training and development programs for their employees to ensure the highest level of expertise and performance.

The key people behind FIRCROFT ENGINEERING SERVICES LIMITED include Johnathan Johnson, the CEO, and Mark Johnson, the Managing Director. They both have extensive experience in the engineering industry and are committed to driving the company's success.

The company's website, www.fircroft.com, provides comprehensive information about their services, job opportunities, and industry insights. Their registered office address is located at Warrington House, Birchwood Park Avenue, Warrington, Cheshire, WA3 6FW, United Kingdom.

In summary, FIRCROFT ENGINEERING SERVICES LIMITED is a leading engineering recruitment and workforce solutions company with a strong focus on sustainability. Their range of services, experienced leadership, and commitment to sustainable practices make them a trusted partner for clients in the engineering industry.

Financial Metrics

Cash
£776,000
Net Worth
£5,508,000
Total Current Assets
£24,262,000
Total Current Liabilities
£57,140,000

Company Location