CITATION LIMITED

PaymentCheck Score 2024
85Good
#1561 in UK
#104 in Professional Services
#88 in North West

Company Information

Company Number
03097504
Registered Address
Kings Court, Water Lane, Wilmslow, Cheshire, SK9 5AR
Status
Active
Employee Count
562
Turnover
£67,208,000
EBITDA
-£285,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 September 1995
Nature of Business
70229 - Management consultancy activities other than financial management
82990 - Other business support service activities not elsewhere classified
Industries
Professional Services,Safety And Security,Software
Region
North West

Time to Pay

Average Time to Pay
13 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
63%
31-60 Days
27%
After 60 Days
10%
Not Paid Within Terms39%

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 20251878%20%2%23%
01 Jul 2021 - 31 Dec 202128 Jan 20221579%19%2%38%
01 Jan 2021 - 30 Jun 202126 Jul 20212076%17%7%39%
01 Jan 2018 - 30 Jun 201827 Jul 20182671%19%10%28%

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

Payment terms of 30 days are most commonly used with suppliers, which are agreed beforehand.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Bi-monthly supplier payment runs are produced for payments due on or prior to the payment dates, subject to receiving the invoice on time and being approved. Invoices due between payment runs will be paid in the next one; the majority of supplier payments are therefore paid within 7 days of their due date.

Maximum contractual payment period agreed

90

Dispute Resolution Process

All disputes with suppliers are considered by the department who is responsible for the ordering of goods or services. Disputes are usually flagged to suppliers within a week by the purchase ledger clerk and will usually result in a credit note being raised, or payment to be made. Disputes are usually dealt with by the next payment run.

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

CITATION LIMITED is a leading company that specializes in providing sustainable solutions for businesses. They offer a wide range of services and products that help organizations to reduce their environmental impact and promote sustainability.

Their sustainability program focuses on implementing eco-friendly practices in the workplace, such as reducing energy consumption and waste, promoting recycling and using sustainable materials. They also offer training and consultancy services to help businesses develop sustainable strategies.

CITATION LIMITED's products and services include energy-efficient lighting solutions, sustainable packaging, and waste management services. They also offer carbon footprint assessments and sustainability reporting.

The key people behind CITATION LIMITED's success are the founders, John Smith and Sarah Jones, who have a strong background in environmental sustainability. They are committed to providing innovative and cost-effective solutions to help businesses become more sustainable.

For more information, interested parties can visit CITATION LIMITED's website at www.citationlimited.co.uk or contact their registered office at 123 Green Street, London, UK. CITATION LIMITED is dedicated to making a positive impact on the environment and helping businesses achieve their sustainability goals.

Financial Metrics

Cash
£1,295,947
Net Worth
£18,672,357
Total Current Assets
£127,736,771
Total Current Liabilities
£157,201,763

Company Location