TRUSTMARQUE SOLUTIONS LIMITED
Company Information
- Company Number
- 02183240
- Registered Address
- Marlborough House Westminster Place, York Business Park, York, United Kingdom, YO26 6RW
- Status
- Active
- Employee Count
- 414.0
- Turnover
- 130378000.0
- EBITDA
- 4098000.0
Additional Details
- Website
- https://www.trustmarque.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 October 1987
- Nature of Business
- 62020 - Information technology consultancy activities$62090 - Other information technology service activities
- Industries
- Information Technology,Telecommunications And Data,Professional Services,Software
- Region
- Yorkshire and The Humber
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 42 | 30% | 66% | 5% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Jul 2023 | 38 | 38% | 59% | 3% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Jun 2023 | 32 | 57% | 40% | 2% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Jun 2023 | 33 | 59% | 39% | 2% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 16 | 91% | 8% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 16 | 83% | 16% | 1% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 18 | 77% | 21% | 2% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 11 | 97% | 2% | 1% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 27 | 58% | 42% | 0% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 29 | 53% | 46% | 1% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 38 | 40% | 54% | 6% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 45 | 27% | 59% | 14% | 48% |
Company Summary
Trustmarque Solutions Limited is a leading provider of IT solutions and services based in the United Kingdom
The company offers a wide range of products and services to support businesses in their digital transformation journey
One of the key focuses of Trustmarque Solutions Limited is sustainability
The company is committed to reducing its environmental impact and promoting sustainable practices
They have implemented various initiatives, such as recycling programs and using eco-friendly materials, to achieve their sustainability goals
Trustmarque Solutions Limited offers a variety of products and services, including cloud computing, data management, cybersecurity, and software licensing
They work with top technology partners to provide innovative and cost-effective solutions to their clients
The company has a team of highly skilled and experienced professionals, including their CEO, Scott Haddow
They are dedicated to delivering excellent customer service and helping businesses achieve their IT goals
For more information on Trustmarque Solutions Limited and their services, you can visit their website at www.trustmarque.com
Their registered office address is Trustmarque Solutions Limited, 2 Kingdom Street, London, W2 6BD, United Kingdom
Company Review
Trend Analysis
Looking at the data for TRUSTMARQUE SOLUTIONS LIMITED over the past three periods, there has been a consistent decrease in the average time taken to pay invoices. This trend can be seen from 2018 to 2021, with a slight increase in 2022 but then a decrease again in 2023. This suggests that the company is working towards paying invoices more promptly.
Volatility Analysis
The data also shows a decrease in the percentage of invoices paid later than 60 days, with the lowest percentage being 0% in the most recent period. This indicates that the company has become more consistent in paying invoices within the agreed terms.
Summary Analysis
In the most recent period (2021-07-01 to 2021-12-31), TRUSTMARQUE SOLUTIONS LIMITED had an average time to pay of 16 days. This is a significant improvement compared to 2018, where the average time to pay was 45 days. The company has also consistently increased the percentage of invoices paid within 30 days, reaching a high of 91% in the most recent period. The percentage of invoices paid later than 60 days has also decreased significantly, with 2021-07-01 to 2021-12-31 being the best period with only 8% of invoices paid late.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
7 Days individuals 30 Days SME (under 50 employees) 60 Days Large Corporate (50 employees and over)
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
The accounts payable helpdesk number and email address is printed on all correspondence to suppliers, any disputes are expected to be resolved within 30 days of the dispute being raised.
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
