ICTS UK LIMITED
Company Information
- Company Number
- 02143366
- Registered Address
- Tavistock House, Tavistock Square, London, WC1H 9LG
- Status
- Active
- Employee Count
- 4,342
- Turnover
- £143,582,000
- EBITDA
- £4,520,000
Additional Details
- Website
- https://icts.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 30 June 1987
- Nature of Business
- 80100 - Private security activities
- Industries
- Safety And Security
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for I.C.T.S. (U.K.) LIMITED to pay invoices has decreased over the past three periods, with a significant decrease of 15 days in 2020 compared to 2019. However, there has been a slight increase of 5 days in 2021 and 2022 compared to 2020.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated over the past three periods, with a high of 97% in 2020 and a low of 30% in 2021. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a high of 65% in 2021 and a low of 2% in 2020. The percentage of invoices paid later than 60 days has remained relatively stable, with a low of 1% in 2020 and a high of 10% in 2019. The percentage of invoices not paid within agreed terms has also remained stable, with a low of 2% in 2020 and a high of 10% in 2018 and 2019.
Summary Analysis
Looking at the past three periods, I.C.T.S. (U.K.) LIMITED has improved their payment time by 15 days in 2020 compared to 2019. However, there has been a slight increase of 5 days in 2021 and 2022 compared to 2020. The company has also improved their percentage of invoices paid within 30 days, with a high of 97% in 2020. However, there has been a decrease in this percentage in 2021 and 2022 compared to 2020. The company has also improved their percentage of invoices paid between 31 and 60 days, with a high of 65% in 2021. The worst period for I.C.T.S. (U.K.) LIMITED in terms of late payments was in 2019, where 10% of invoices were paid later than 60 days. The shortest (or only) standard payment period for the company has remained consistent at 7 days over the past three 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 Jan 2023 - 31 Dec 2023 | 31 Jan 2024 | 30 | 71% | 24% | 5% | 3% |
| 01 Jan 2022 - 31 Dec 2022 | 31 Jan 2024 | 30 | 68% | 26% | 4% | 2% |
| 01 Jan 2021 - 31 Dec 2021 | 03 Mar 2023 | 35 | 30% | 65% | 5% | 5% |
| 01 Jan 2020 - 31 Dec 2020 | 17 Sept 2021 | 30 | 97% | 2% | 1% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 20 Aug 2019 | 45 | 65% | 25% | 10% | 8% |
| 01 Jan 2018 - 31 Dec 2018 | 20 Aug 2019 | 45 | 60% | 30% | 10% | 10% |
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
30 days from the date of the supplier invoice date.
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
60
Dispute Resolution Process
Please contact: apteam@icts.co.uk with queries and our Team leader will help resolve any issues.
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
I.C.T.S. (U.K.) LIMITED is a leading provider of security and risk management services, operating in the United Kingdom. The company's primary focus is on aviation and transportation security, with a strong emphasis on sustainability.
The company's sustainability program includes measures to reduce their environmental impact, such as using energy-efficient technologies and promoting recycling and waste reduction. They also prioritize ethical and responsible business practices, including diversity and inclusion initiatives and community outreach projects.
I.C.T.S. (U.K.) LIMITED offers a range of products and services, including security screening, threat assessment, and risk management solutions for airports, airlines, and other transportation companies. They also provide training programs for security personnel and offer consultancy services to help clients improve their security processes.
Key people within the company include CEO David Taylor, who has over 25 years of experience in the security industry, and COO Ian Hutcheson, who has a background in law enforcement and aviation security.
For more information on I.C.T.S. (U.K.) LIMITED and their services, you can visit their website at www.icts.co.uk. Their registered office address is located at 5 New Street Square, London EC4A 3TW, United Kingdom.
