SECOM PLC
Company Information
- Company Number
- 02585807
- Registered Address
- Secom House, 52 Godstone Road, Kenley, Surrey, CR8 5JF
- Status
- Active
- Employee Count
- 590
- Turnover
- £49,308,000
- EBITDA
- -£1,793,000
Additional Details
- Website
- https://secom.plc.uk/
- Company Type
- Public limited Company
- Incorporated On
- 26 February 1991
- Nature of Business
- 80200 - Security systems service activities
- Industries
- Safety And Security
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SECOM PLC's average payment time of 41 days indicates a consistent trend of paying beyond standard 30-day terms. The majority of payments (47%) fall within the 31-60 day bracket, showing a clear trajectory towards extended payment cycles. Only 39% of invoices are paid within 30 days, establishing a pattern where suppliers should anticipate longer remittance periods.
Volatility Analysis
The distribution of payments reveals moderate reliability, with 17% of payments being late and 14% extending beyond 60 days. While a significant portion pays within 31-60 days (47%), the presence of substantial delays introduces unpredictability for cash flow planning. Suppliers face a risk of payments frequently exceeding typical 60-day expectations due to this variability.
Summary Analysis
Suppliers should factor in SECOM PLC's tendency for payments to typically clear between 31 and 60 days, with a non-trivial risk of payments extending past 60 days. It is recommended to establish payment terms that account for a 60-day cycle and implement robust credit management practices. To mitigate risk, consider establishing clear communication channels for overdue invoices or exploring early payment incentives.
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 2022 - 31 Dec 2022 | 02 Jan 2025 | 41 | 39% | 47% | 14% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jun 2023 | 43 | 33% | 51% | 16% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Feb 2022 | 42 | 37% | 47% | 16% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 07 Sept 2021 | 40 | 35% | 53% | 12% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 07 Sept 2021 | 38 | 37% | 53% | 10% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Sept 2021 | 38 | 40% | 52% | 8% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 37 | 40% | 54% | 6% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Sept 2019 | 37 | 37% | 58% | 5% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 29 May 2019 | 38 | 35% | 59% | 6% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 38 | 19% | 75% | 6% | 29% |
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
Our usual standard payment terms would be 30 days from end of month, but we have a number of accounts which have shorter payment terms and some with longer terms. The longest payment terms on any account are 90 days from end of month.
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
90
Dispute Resolution Process
Any issues with payments should be discussed with Secom's purchase ledger department. If these cannot be resolved in that way, the issue would be escalated by purchase ledger to the relevant manager/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
SECOM PLC is an active Public Limited Company. Operating under its corporate name SECOM, the company engages in business operations within the UK market.
The company was incorporated on 26 February 1991, operating under company number 02585807. Its registered office is located at Secom House, 52 Godstone Road, Kenley, Surrey, CR8 5JF, which places its operations within the South East region of the UK.
Public Limited Companies in the UK market typically operate across a broad spectrum of industries, providing diverse products and services to their customer base. These organisations often leverage their public status to facilitate large-scale commercial activities and investments.
