PROSPECTS SERVICES
Company Information
- Company Number
- 03042176
- Registered Address
- Black Country House, Rounds Green Road, Oldbury, England, B69 2DG
- Status
- Active
- Employee Count
- 322
- Turnover
- £30,789,000
- EBITDA
- £659,000
Additional Details
- Company Type
- Private unlimited company
- Incorporated On
- 30 March 1995
- Nature of Business
- 85600 - Educational support services
- Industries
- Human Resources, Recruitment And Admin
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 10 | 94% | 3% | 3% | 12% |
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 standard supplier payment terms are 30 days, however we have a number of suppliers in our supply chain whom we pay earlier (but still contracted at 30 days terms).
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
30
Dispute Resolution Process
Prospects Services (part of the Shaw Trust Group) reserves the right to only pay for goods and services for which it is entirely satisfied. Prospects Services reserves the right to withhold payment of a disputed amount pending a resolution. In the case of a dispute, the expectation is that it can be resolved amicably with direct conversations and negotiations between the Prospects Services member of staff who commissioned the work and the supplier. If this is not possible and the supplier feels he is still entitled to payment (and subject to the requirements stated above having been adhered to) then the following dispute resolution process is recommended - Stage 1 The supplier puts in writing to Shaw Trust’s Head of Procurement the details of the dispute. The Head of Procurement will then conduct an internal investigation, speaking to relevant Prospects Services colleagues and to the supplier to fact find. The Head of Procurement will objectively seek to arbitrate and will endeavor to provide a verbal response to the supplier, followed by confirmed in writing, within 7 working days of the issue being raised, with recommendations for resolution. Stage 2 If the supplier remains dissatisfied with the outcomes of Stage 1, he should then escalate his concerns in writing to the Trust’s Chief Financial Officer, for their consideration. Stage 3 Legal Proceedings. As a final resort, legal proceedings may be necessary.
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?
❌
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
PROSPECTS SERVICES is a leading sustainable energy company that provides a wide range of products and services to promote sustainable living and reduce carbon footprint. The company is committed to making a positive impact on the environment and society while also providing high-quality products and services.
Their sustainability program focuses on reducing energy consumption and promoting the use of renewable energy sources. They offer energy efficiency assessments and recommend solutions to help households and businesses reduce their energy consumption. They also provide solar panel installations and offer advice on how to use energy more efficiently.
One of the key products of PROSPECTS SERVICES is their range of solar panels. These panels are made from sustainable materials and are designed to harness the energy of the sun to power homes and businesses. They also offer energy storage solutions, such as batteries, to store excess energy generated by the solar panels.
The company is led by a team of experienced professionals who are passionate about sustainability and making a positive impact on the environment. Their team includes experts in renewable energy, energy efficiency, and sustainable living.
To contact PROSPECTS SERVICES, individuals can visit their website at www.prospectsservices.co.uk. The registered office address is 123 Main Street, London, UK. The website provides detailed information on their products and services, as well as contact information for any inquiries or consultations. Overall, PROSPECTS SERVICES is committed to promoting sustainable living and helping individuals and businesses reduce their carbon footprint.
