SERVICE EXPRESS EUROPE LIMITED
Company Information
- Company Number
- 02146732
- Registered Address
- Franklin Court, Priory Business, Park, Bedford, Bedfordshire, MK44 3JZ
- Status
- Active
- Employee Count
- 290
- Turnover
- £66,666,000
- EBITDA
- £15,070,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 July 1987
- Nature of Business
- 58290 - Other software publishing
- Industries
- Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
SERVICE EXPRESS EUROPE LIMITED exhibits a consistent trend of late payments, with 91% of invoices being paid past their due date and an average payment time of 40 days. The distribution shows only 33% paid within 30 days, while the majority (43%) fall into the 31-60 day category, and a significant 24% extend beyond 60 days. This indicates a predictable pattern of extended payment cycles, posing a challenge to supplier cash flow management.
Volatility Analysis
Payment reliability for this company is notably low due to the overwhelming 91% late payment rate, making cash flow highly unpredictable for suppliers. The spread across 31-60 days and over 60 days introduces considerable variability, meaning a supplier cannot reliably predict when payment will be received. This high degree of unpredictability represents a substantial financial risk for ongoing supplier relationships.
Summary Analysis
Suppliers should anticipate significant delays in receiving payments from SERVICE EXPRESS EUROPE LIMITED, which will directly impact their own cash flow and working capital. It is advisable to factor in extended payment terms when setting expectations and to consider implementing risk mitigation strategies. This could include requesting partial upfront payments, negotiating shorter credit terms, or applying robust late payment clauses to protect against financial exposure.
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 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 40 | 33% | 43% | 24% | 91% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 46 | 32% | 37% | 31% | 89% |
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
Generally either 60 or 30 days end of month
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
120
Dispute Resolution Process
Payment disputes are dealt with by the Accounts Payable team
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
SERVICE EXPRESS EUROPE LIMITED is an active private limited company. Its name, "Service Express Europe," indicates a business focused on providing services.
The company was incorporated on 13 July 1987, operating under company number 02146732. Its registered office is located at Franklin Court, Priory Business Park, Bedford, Bedfordshire, MK44 3JZ, placing its operations within the South East of England.
As a private limited company in the UK, SERVICE EXPRESS EUROPE LIMITED is a legal entity established to undertake commercial operations. This structure enables it to offer a diverse range of services or products across various sectors.
