MERIDIAN BUSINESS SUPPORT LIMITED
Company Information
- Company Number
- 02386774
- Registered Address
- Part First Floor (Right Wing), Dakota House Concord Business Park, Threapwood Road, Manchester, England, M22 0RR
- Status
- Active
- Employee Count
- 189.0
- Turnover
- 94709000.0
- EBITDA
- 2072000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 May 1989
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Professional Services
- Region
- North West
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 | 20 | 83% | 13% | 4% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 18 | 84% | 13% | 3% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 18 | 84% | 12% | 4% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 74% | 18% | 8% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 33 | 72% | 18% | 10% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 17 | 80% | 11% | 9% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 88% | 7% | 4% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 18 | 84% | 11% | 5% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 18 | 84% | 10% | 6% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 18 | 81% | 10% | 9% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 19 | 81% | 10% | 9% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 29 | 82% | 11% | 7% | 1% |
Company Summary
MERIDIAN BUSINESS SUPPORT LIMITED is a UK-based company that provides recruitment and workforce management solutions to businesses across various industries
The company was founded in 1989 and has since grown to become a leading provider of staffing services
The company offers a wide range of services, including temporary and permanent staffing, executive search, and managed services
They work with clients to understand their unique needs and provide tailored solutions to help them achieve their business goals
MERIDIAN BUSINESS SUPPORT LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have a robust recycling and waste management program in place and actively promote energy efficiency measures within their operations
One of the key people in the company is the Managing Director, Derek Skelton, who has been with the company since its inception
He has extensive experience in the recruitment industry and leads a team of dedicated professionals
For more information on their services and sustainability efforts, interested parties can visit their website at www.meridianbs.co.uk
The registered office address for the company is Unit 3, Brindley Court, Lymedale Business Park, Newcastle-under-Lyme, Staffordshire, ST5 9QH
MERIDIAN BUSINESS SUPPORT LIMITED can also be contacted via email at enquiries@meridianbs.co.uk or by phone at 01782 209090
Company Review
Trend Analysis
The average time to pay for MERIDIAN BUSINESS SUPPORT LIMITED has remained relatively consistent over the past three years, ranging from 16 to 22 days. However, there was a significant increase in the average time to pay in 2021, jumping from 17 to 33 days. This suggests that the company may have faced financial difficulties during this period, resulting in delayed payments to suppliers.
Volatility Analysis
The volatility of payments for MERIDIAN BUSINESS SUPPORT LIMITED has been relatively low, with only small changes in the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The most significant change occurred in 2021, where there was a 10% increase in the percentage of invoices paid later than 60 days compared to the previous period.
Summary Analysis
The data shows that MERIDIAN BUSINESS SUPPORT LIMITED has consistently paid invoices within a reasonable time frame, with the average time to pay ranging from 16 to 22 days. The company has also maintained a high percentage of invoices paid within 30 days, ranging from 80% to 88%. However, there was a concerning increase in the percentage of invoices paid later than 60 days in 2021, reaching 10% of all invoices. This could be a result of financial difficulties or other issues within the company.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
It is the Company's Policy to agree appropriate payment terms with the Suppliers for each transaction / series of transactions and to comply with these terms based on the timely submission of a satisfactory 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
The Company always deals with their Suppliers in a professional and honest manner, whilst enduring the best value for the business. We aim to resolve queries as soon as possible and to everyone's satisfaction. If the query cannot be resolved by our Accounts Payable Team, it would be referred to the relevant Manager to resolve as soon as possible
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
