OCS GROUP UK LIMITED

PaymentCheck Score 2024
57Fair
5.0vs last year
#3909 in UK
#95 in Environment
#247 in East of England

Company Information

Company Number
03056469
Registered Address
New Century House, The Havens, Ipswich, Suffolk, England, IP3 9SJ
Status
Active
Employee Count
16,465
Turnover
£516,944,000
EBITDA
£25,302,000

Additional Details

Company Type
Private limited Company
Incorporated On
15 May 1995
Nature of Business
81100 - Combined facilities support activities
81210 - General cleaning of buildings
81229 - Other building and industrial cleaning activities
82990 - Other business support service activities not elsewhere classified
Industries
Environment,Agriculture And Waste,Lifestyle And Entertainment,Professional Services,Property,Infrastructure And Construction,Safety And Security
Region
East of England

Time to Pay

Average Time to Pay
41 days
Shortest Period:30 days
Longest Period:55 days
Max Contractual:55 days

Payment Timeline

Within 30 Days
35%
31-60 Days
60%
After 60 Days
5%
Not Paid Within Terms45%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202430 Jan 20254856%35%9%40%
01 Jan 2024 - 30 Jun 202430 Jul 20244135%60%5%45%
01 Jul 2023 - 31 Dec 202330 Jan 20244126%70%4%33%
01 Jan 2023 - 30 Jun 202328 Jul 20234132%63%5%56%
01 Jul 2022 - 31 Dec 202223 Jan 20234033%63%4%33%
01 Jul 2021 - 31 Dec 202128 Jan 20224030%66%4%26%
01 Jan 2021 - 30 Jun 202128 Jul 20214131%65%4%33%
01 Jan 2020 - 30 Jun 202030 Jul 20203648%46%6%28%
01 Jan 2019 - 30 Jun 201925 Jul 20193559%32%9%38%
01 Jul 2018 - 31 Dec 201830 Jan 20193955%35%10%29%
01 Jan 2018 - 30 Jun 201829 Jul 20183555%39%6%25%

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 most frequently used terms for suppliers of OCS Group UK Ltd are 30 days after month of invoice date

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

55

Dispute Resolution Process

In the event of a dispute Accounts Payable cascade to the procuring business unit who resolve with the supplier directly. The invoice is then goods receipted and paid by accounts payable. Our dedicated invoicing mailbox ocsgroupukeinv@ocs.co.uk minimises delays and allows us to effectively track invoices from receipt to payment. There is a strict no purchase order / no pay policy, suppliers are instructed not to supply goods or services without a purchase order

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

OCS GROUP UK LIMITED is a leading facilities management company in the UK that offers a wide range of services to businesses, public sector organizations and individuals. With over 120 years of experience, the company is committed to providing high-quality services while also being environmentally sustainable.

Their sustainability program includes initiatives such as reducing energy consumption, waste management, and promoting responsible sourcing. They also have a dedicated team that focuses on developing sustainable solutions for their clients.

The company's portfolio of services includes cleaning, security, catering, waste management, and maintenance, among others. They offer tailored solutions to meet the specific needs of their clients, ensuring high levels of customer satisfaction.

The key people at OCS GROUP UK LIMITED include the CEO, Chris Cracknell, and the Chairman, Stuart Mair. They oversee the company's operations and drive its sustainability efforts.

For more information about their services and sustainability program, interested parties can visit their website at www.ocs.co.uk. The company's registered office address is at 4th Floor, 1 New York Street, Manchester, M1 4HD, United Kingdom. Overall, OCS GROUP UK LIMITED is a reputable and responsible company that is dedicated to providing sustainable solutions for their clients.

Financial Metrics

Cash
£48,531,000
Net Worth
£50,879,000
Total Current Assets
£125,467,000
Total Current Liabilities
£95,993,000

Company Location