Industry ranking
There has been a consistent decrease in the average time taken for PROFILE SECURITY SERVICES LIMITED to pay invoices to suppliers, from 79 days in the first period to 46 days in the third period. This trend is expected to continue, as the company has shown improvement in each subsequent period.
The volatility of PROFILE SECURITY SERVICES LIMITED's invoice payment time has been relatively low, with only a 2% difference between the highest and lowest percentage of invoices paid within 30 days. This indicates that the company has been consistent in its efforts to improve its payment process.
| 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 2023 - 30 Sept 2023 | 31 Oct 2023 | 46 | 43% | 40% | 17% | 17% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 23 | 82% | 14% | 4% | 4% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 37 | 31% | 54% | 15% | 15% |
| 01 Oct 2020 - 31 Mar 2021 | 04 May 2021 | 39 | 51% | 30% | 19% | 19% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 34 | 49% | 31% | 20% | 20% |
| 01 Oct 2019 - 31 Mar 2020 | 14 May 2020 | 36 | 47% | 31% | 22% | 22% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 55 | 33% | 38% | 29% | 29% |
| 01 Oct 2018 - 31 Mar 2019 | 12 Jul 2019 | 46 | 44% | 21% | 35% | 26% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Nov 2018 | 80 | 27% | 23% | 50% | 50% |
| 01 Oct 2017 - 31 Mar 2018 | 04 May 2018 | 79 | 27% | 24% | 49% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
net 60 days payment from date of invoice
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
60
All queries and disputes are dealt with by our Finance Director
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
Profile Security Services Limited is a private limited company registered in England, incorporated in 1989 and based in Ipswich, Suffolk. Companies House records classify its nature of business under 'other service activities not elsewhere classified', and the company is tagged within the security and surveillance industry. The company traded originally as Profile Security Services (South) Ltd. until 1996, when it adopted its current name. No further public description of specific services, client base or operational scope is available from the supplied evidence, but the name and industry classification indicate the business operates within the security services sector in the UK.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk