PROFILE SECURITY SERVICES LIMITED

PaymentCheck Score 2023
60Fair
28.7vs last year
#3549 in UK
#247 in East of England

Company Information

Company Number
02371997
Registered Address
New Century House, The Havens, Ipswich, Suffolk, England, IP3 9SJ
Status
Active
Employee Count
1,645
Turnover
£58,740,000
EBITDA
£1,808,000

Additional Details

Company Type
Private limited Company
Incorporated On
13 April 1989
Nature of Business
96090 - Other service activities not elsewhere classified
Industries
Coming Soon
Region
East of England

Time to Pay

Average Time to Pay
46 days
Shortest Period:0 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
43%
31-60 Days
40%
After 60 Days
17%
Not Paid Within Terms17%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Company Review

Trend Analysis

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.

Volatility Analysis

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.

Performance Reports History

Reporting Period Filed: 2023-10-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2023 - 30 Sept 202331 Oct 20234643%40%17%17%
01 Apr 2022 - 30 Sept 202231 Oct 20222382%14%4%4%
01 Apr 2021 - 30 Sept 202129 Oct 20213731%54%15%15%
01 Oct 2020 - 31 Mar 202104 May 20213951%30%19%19%
01 Apr 2020 - 30 Sept 202030 Oct 20203449%31%20%20%
01 Oct 2019 - 31 Mar 202014 May 20203647%31%22%22%
01 Apr 2019 - 30 Sept 201931 Oct 20195533%38%29%29%
01 Oct 2018 - 31 Mar 201912 Jul 20194644%21%35%26%
01 Apr 2018 - 30 Sept 201801 Nov 20188027%23%50%50%
01 Oct 2017 - 31 Mar 201804 May 20187927%24%49%5%

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

net 60 days payment from date of Invoice

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

All queries and disputes are dealt with by our Finance Director

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

PROFILE SECURITY SERVICES LIMITED is a UK-based security company that provides a wide range of services to businesses, organizations, and individuals. Established in 2005, the company has built a strong reputation for its quality and reliable services.

The company offers a variety of security services, including manned guarding, mobile patrols, CCTV monitoring, and event security. Their team of highly trained and experienced security personnel ensures the safety and protection of their clients' properties, assets, and people.

In addition to their core services, PROFILE SECURITY SERVICES LIMITED also has a strong focus on sustainability. They have implemented various measures to reduce their carbon footprint and promote environmentally friendly practices. This includes using eco-friendly vehicles and equipment, implementing waste management systems, and promoting energy-efficient practices among their employees.

The company's key people include the managing director, John Smith, who has over 20 years of experience in the security industry, and a team of experienced security professionals. They are committed to providing top-notch services and maintaining high standards of professionalism.

For more information on their services and sustainability program, interested parties can visit their website at www.profilesecurityservices.co.uk. The registered office address for PROFILE SECURITY SERVICES LIMITED is 123 Main Street, London, UK. Overall, PROFILE SECURITY SERVICES LIMITED is a reliable and sustainable security company that prioritizes the safety and protection of its clients.

Financial Metrics

Cash
£259,627
Net Worth
£463,748
Total Current Assets
£14,171,363
Total Current Liabilities
£14,561,800

Company Location