ERM-EUROPE,LTD
Company Information
- Company Number
- 02137137
- Registered Address
- 2nd Floor Exchequer Court, 33 St Mary Axe, London, EC3A 8AA
- Status
- Active
- Employee Count
- 475
- Turnover
- Coming Soon
- EBITDA
- -£7,291,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 June 1987
- Nature of Business
- 70100 - Activities of head offices74901 - Environmental consulting activities
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
ERM-EUROPE,LTD exhibits an average payment time of 25 days, indicating generally swift processing for the majority of its obligations. While 64% of payments are completed within 30 days, a significant 36% (22% between 31-60 days and 14% over 60 days) extends beyond this period, suggesting an inconsistent payment trajectory for a notable portion of transactions.
Volatility Analysis
The 20% late payment rate introduces a measurable degree of unpredictability for suppliers' cash flow management. The considerable 14% of payments extending beyond 60 days indicates a clear risk of prolonged receivable cycles, affecting the reliability of timely income for business planning.
Summary Analysis
Suppliers should approach ERM-EUROPE,LTD with a nuanced understanding, balancing the favorable average payment time against the significant incidence of late and extended payments. To mitigate risk, consider negotiating strict payment terms, offering early payment discounts, or setting appropriate credit limits based on your tolerance for longer receivable periods.
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 Oct 2020 - 31 Mar 2021 | 13 Sept 2021 | 20 | 53% | 37% | 10% | 20% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Sept 2021 | 36 | 42% | 47% | 11% | 25% |
| 01 Oct 2019 - 31 Mar 2020 | 14 Sept 2020 | 25 | 64% | 22% | 14% | 20% |
| 01 Apr 2019 - 30 Sept 2019 | 12 Nov 2019 | 26 | 73% | 18% | 9% | 16% |
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
ERM Europe Ltd does not have standard payment terms as defined for PPPR. Invoices are typically processed for payment within 14 days of receipt from internal department.
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
45
Dispute Resolution Process
The complaint or concern will be considered by the department that it relates to with the aim of resolving the issues asap.
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.
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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.
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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.
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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?
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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
ERM-EUROPE,LTD is an active private limited company. It operates as a commercial entity within the UK business landscape.
The company was incorporated on 3 June 1987, identified by company number 02137137. Its registered office is situated at 2nd Floor Exchequer Court, 33 St Mary Axe, London, EC3A 8AA, establishing its base in London.
As a private limited company, ERM-EUROPE,LTD operates with limited liability for its shareholders. This corporate structure permits the company to undertake diverse commercial activities, providing a variety of products or services within the UK market.
