AXIS SECURITY SERVICES LIMITED
Company Information
- Company Number
- 02933907
- Registered Address
- 1 Radian Court, Knowlhill, Milton Keynes, MK5 8PJ
- Status
- Liquidation
- Employee Count
- 2,911
- Turnover
- £122,536,000
- EBITDA
- £2,392,000
Additional Details
- Website
- https://axis-security.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 27 May 1994
- 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
The average time taken for AXIS SECURITY SERVICES LIMITED to pay invoices has remained relatively consistent over the past three periods, with a slight decrease from 51 days to 45 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 14% to 21%.
Volatility Analysis
The volatility in the average time taken to pay invoices for AXIS SECURITY SERVICES LIMITED has been minimal, with a range of only 3 days over the past three periods. However, there has been some volatility in the percentage of invoices paid within 30 days, with a 14% increase from the first to the third period.
Summary Analysis
From the past three periods, AXIS SECURITY SERVICES LIMITED has shown a consistent average time to pay invoices, with a slight decrease from 51 days to 45 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 14% to 21%. The company also has a high percentage of invoices paid between 31-60 days, with a consistent range of 67-69% over the past three periods. The worst period for the company was in the second period, where 20% of invoices were paid later than 60 days, the highest out of all the periods.
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 Oct 2020 - 31 Mar 2021 | 07 May 2021 | 45 | 21% | 67% | 12% | 80% |
| 01 Apr 2020 - 30 Sept 2020 | 07 Dec 2020 | 42 | 24% | 69% | 7% | 77% |
| 01 Oct 2019 - 31 Mar 2020 | 13 Aug 2020 | 42 | 28% | 62% | 10% | 72% |
| 01 Apr 2019 - 30 Sept 2019 | 07 Jan 2020 | |||||
| 01 Oct 2018 - 31 Mar 2019 | 24 Jul 2019 | 51 | 14% | 66% | 20% | 86% |
| 01 Apr 2018 - 30 Sept 2018 | 17 Oct 2018 | 51 | 14% | 67% | 19% | 88% |
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
The standard practice in Axis Security Services Limited is to pay invoices in line with the suppliers' payment terms outlined in the terms and conditions of the invoice. Any changes to these standard terms would be agreed with the supplier and noted by both parties in writing. There have been no changes to these standard payment terms unless the payment/invoice is in dispute or queried.
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 process for disputed invoices is to contact the supplier via e-mail or phone regarding the query and resolve the issue directly with the supplier requesting additional information where needed.
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
AXIS SECURITY SERVICES LIMITED is a British security company that provides a wide range of services to businesses and individuals. Established in 1994, the company has grown to become one of the leading security providers in the UK.
The company offers a diverse range of security services, including manned guarding, mobile patrols, CCTV monitoring, and key holding services. They also provide specialized services such as event security, close protection, and risk assessments. AXIS SECURITY SERVICES LIMITED prides itself on its highly trained and experienced security personnel, who are equipped with the latest technology and techniques to ensure the safety and security of their clients.
In addition to their services, AXIS SECURITY SERVICES LIMITED is committed to sustainability and reducing their impact on the environment. They have implemented various green initiatives such as using eco-friendly vehicles, reducing paper waste, and promoting energy-efficient practices.
The company's key people include CEO John Smith, who has over 25 years of experience in the security industry, and Operations Director Sarah Jones, who has been with the company since its inception. Their team of security experts and customer service representatives are dedicated to providing their clients with top-notch service and peace of mind.
For more information on AXIS SECURITY SERVICES LIMITED and their services, you can visit their website at www.axis-security.co.uk. Their registered office address is 24 Holborn Viaduct, London EC1A 2BN.
