MERIDIAN BUSINESS SUPPORT LIMITED

PaymentCheck Score 2024
89Good
1.6vs last year
#1126 in UK
#78 in Professional Services
#64 in North West

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
Turnover
£94,709,000
EBITDA
£2,072,000

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

Time to Pay

Average Time to Pay
17 days
Shortest Period:3 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
78%
31-60 Days
21%
After 60 Days
1%
Not Paid Within Terms5%

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)

Performance Reports History

Reporting Period Filed: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202428 Jan 20251778%21%1%5%
01 Jul 2023 - 31 Dec 202331 Jan 20242083%13%4%2%
01 Jan 2023 - 30 Jun 202327 Jul 20231884%13%3%3%
01 Jan 2022 - 30 Jun 202229 Jul 20222274%18%8%1%
01 Jan 2021 - 30 Jun 202130 Jul 20211780%11%9%1%
01 Jan 2020 - 30 Jun 202030 Jul 20201884%11%5%0%
01 Jan 2019 - 30 Jun 201930 Jul 20191881%10%9%2%
01 Jan 2018 - 30 Jun 201827 Jul 20182982%11%7%1%

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

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 information available

Any other information about payment terms

No additional information

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.

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

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.

Financial Metrics

Cash
£131,711
Net Worth
£12,148,400
Total Current Assets
£25,384,490
Total Current Liabilities
£13,657,611

Company Location