ROEVIN MANAGEMENT SERVICES LIMITED
Company Information
- Company Number
- 02436481
- Registered Address
- 10 Bishops Square, London, England, E1 6EG
- Status
- Active
- Employee Count
- 8.0
- Turnover
- 14931000.0
- EBITDA
- 62000.0
Additional Details
- Website
- https://roevin.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 26 October 1989
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Professional Services
- Region
- London
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 | 27 | 46% | 54% | 0% | 79% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 25 | 51% | 49% | 0% | 74% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 0 | 100% | 0% | 0% | 74% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 1 | 99% | 0% | 0% | 47% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 4 | 99% | 1% | 0% | 29% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 1 | 100% | 0% | 0% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 2 | 99% | 1% | 1% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 1 | 100% | 0% | 0% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 1 | 100% | 0% | 0% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 0 | 100% | 0% | 0% | 3% |
| 01 Jul 2018 - 30 Dec 2018 | 22 Jan 2019 | 1 | 100% | 0% | 0% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Jul 2018 | 1 | 100% | 0% | 0% | 9% |
Company Summary
ROEVIN MANAGEMENT SERVICES LIMITED is a leading recruitment and staffing agency in the UK
They offer a wide range of services to their clients, including temporary and permanent staffing solutions, executive search, and managed services
In terms of sustainability, ROEVIN MANAGEMENT SERVICES LIMITED has implemented various initiatives to reduce their environmental impact
This includes promoting eco-friendly practices within their offices, reducing paper usage, and using energy-efficient equipment
They also partner with clients who have a strong commitment to sustainability and offer consulting services to help them improve their sustainability strategies
The company offers a diverse range of products and services, catering to various industries such as engineering, construction, IT, and healthcare
Their team of experienced consultants works closely with both clients and candidates to ensure the best match for each role
They also provide training and development programs to help candidates enhance their skills and advance their careers
Some key people at ROEVIN MANAGEMENT SERVICES LIMITED include the Managing Director, Head of Operations, and Head of Business Development
They bring a wealth of experience and expertise to the company, ensuring the highest quality of service to their clients
The company's website address is www.roevin.co.uk, where clients and candidates can find more information about their services, job opportunities, and contact details
The registered office address for ROEVIN MANAGEMENT SERVICES LIMITED is 1st Floor, 71 Fenchurch Street, London, EC3M 4BS
In conclusion, ROEVIN MANAGEMENT SERVICES LIMITED is a reputable and sustainable recruitment and staffing agency, providing top-notch services to clients across various industries
With their commitment to sustainability and experienced team, they continue to be a trusted partner for both clients and candidates in the UK
Company Review
Trend Analysis
The trend for ROEVIN MANAGEMENT SERVICES LIMITED in terms of average time to pay invoices has fluctuated over the past 6 years. In 2018, the company had an average time to pay of 1 day, which remained consistent until 2020. However, in 2021, the average time to pay decreased to 1 day again before significantly increasing to 4 days in 2022 and 25 days in 2023. This shows a trend of increasing time to pay invoices over the past 3 years.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has remained relatively stable, with a high of 100% and a low of 99% over the past 6 years. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 0% in 2018 to 1% in 2022. The percentage of invoices paid later than 60 days has also remained consistently low, with a high of 1% in 2022. The volatility in the percentage of invoices not paid within agreed terms has fluctuated between 3% and 79%, with a significant increase in 2023.
Summary Analysis
ROEVIN MANAGEMENT SERVICES LIMITED has consistently paid invoices within 30 days over the past 6 years, with a high of 100% and a low of 99%. The company has also maintained a 0% rate for invoices paid later than 60 days and a 0% rate for invoices not paid within agreed terms. However, there has been a trend of increasing time to pay invoices, with the average time to pay increasing from 1 day in 2018 to 25 days in 2023. Additionally, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 0% in 2018 to 1% in 2022. The worst period for ROEVIN MANAGEMENT SERVICES LIMITED was in 2023, where the average time to pay was 25 days and the percentage of invoices not paid within agreed terms was 79%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Roevin utilise 45 days payment terms as standard
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
45
Dispute Resolution Process
All disputes are handled by our Accounts Payable department. Any escalation after 24 hours are managed by the Team Leader. After 48 Hours are managed by The manager After 72 hours the Head of Department will engage to resolve
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
