DCS GROUP UK LIMITED
Company Information
- Company Number
- 02580758
- Registered Address
- Oceans House, Noral Way, Banbury, England, OX16 2AA
- Status
- Active
- Employee Count
- 468.0
- Turnover
- 317473000.0
- EBITDA
- 9106000.0
Additional Details
- Website
- https://dcsgroup.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 7 February 1991
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified$46900 - Non-specialised wholesale trade
- Industries
- 0
- Region
- South East
Company Location
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 | 07 Feb 2024 | 28 | 76% | 22% | 2% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Sept 2023 | 27 | 76% | 22% | 2% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Sept 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 28 | 76% | 21% | 3% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 27 | 76% | 21% | 2% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 26 | 79% | 19% | 2% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 25 | 74% | 23% | 3% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 26 | 76% | 22% | 2% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 27 | 74% | 23% | 3% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 23 | 74% | 24% | 3% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 23 | 75% | 23% | 2% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 24 | 75% | 23% | 2% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 28 | 74% | 21% | 5% | 13% |
Company Summary
DCS GROUP (UK) LIMITED is a leading distributor of health and beauty products in the United Kingdom
They offer a wide range of products including cosmetics, skincare, haircare, and personal care items
The company is committed to sustainability and has implemented various programs to reduce their environmental impact
Their sustainability program includes initiatives such as using eco-friendly packaging, reducing waste and energy consumption, and promoting ethical sourcing of ingredients
DCS GROUP (UK) LIMITED also supports local communities and charities through their "Community Matters" program
The company is led by a team of experienced professionals, including the Managing Director, Tim Smith, and the Finance Director, Louise Craggs
Their dedication and expertise have helped DCS GROUP (UK) LIMITED become a trusted name in the industry
Customers can contact DCS GROUP (UK) LIMITED through their website, which also serves as an online platform for purchasing their products
The company's registered office address is located in Manchester, UK
In summary, DCS GROUP (UK) LIMITED is a reputable distributor of health and beauty products in the UK, with a strong commitment to sustainability
Their wide range of high-quality products and dedication to ethical practices make them a top choice for customers in the beauty industry
Company Review
Trend Analysis
The data for DCS GROUP (UK) LIMITED shows a general trend of decreasing average time to pay invoices and improving payment performance. From 2018 to 2023, the average time to pay has decreased from 28 days to 27 days, with the lowest average time to pay being 23 days in 2019. The percentage of invoices paid within 30 days has consistently remained around 74-76%, while the percentage of invoices paid later than 60 days has consistently decreased from 5% in 2018 to 2% in 2023. This indicates that the company has been consistently improving in paying invoices on time.
Volatility Analysis
The data for DCS GROUP (UK) LIMITED shows a stable trend without much volatility. The average time to pay has remained relatively consistent around 27-28 days, with the lowest being 23 days in 2019. The percentage of invoices paid within 30 days has also remained consistent around 74-76%, with the lowest being 74% in 2021. The percentage of invoices paid later than 60 days has consistently decreased from 5% in 2018 to 2% in 2023, indicating a stable trend in improving payment performance.
Summary Analysis
Looking at the data for the last three periods, there has been a slight increase in the average time to pay from 25 days in 2021 to 28 days in 2023. However, the company's payment performance has improved, with the percentage of invoices paid within 30 days increasing from 74% in 2021 to 76% in 2023. The percentage of invoices paid later than 60 days has also decreased from 3% in 2021 to 2% in 2023. The shortest (or only) standard payment period remains at 30 days, indicating that the company has not changed its payment terms in the last three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 Days after invoice date
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
90
Dispute Resolution Process
We have a formal documented process for price claims. In addition, DCS Group would revert to contract and get the agreed parties together to talk, to exchange evidence/proof of the contract. Disputes are escalated through department leads through to the Chief Financial Officer.
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