SMITH WILLIAMSON CORPORATE SERVICES LIMITED
Company Information
- Company Number
- 03120999
- Registered Address
- 45 Gresham Street, London, United Kingdom, EC2V 7BG
- Status
- Liquidation
- Employee Count
- 1,422
- Turnover
- £50,108,000
- EBITDA
- £1,908,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 November 1995
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
There has been a steady decrease in the average time taken for SMITH & WILLIAMSON CORPORATE SERVICES LIMITED to pay invoices to suppliers over the past three periods, with a 20.8% decrease from May 2017 to June 2021. This indicates an improvement in the company's efficiency and promptness in payment.
Volatility Analysis
The volatility of the data can be observed in the percentage of invoices paid within 30 days, with a significant decrease of 24% from May 2017 to November 2017, followed by a gradual increase and then a sharp decrease of 30% in the most recent period. This suggests that the company's payment patterns have fluctuated, possibly due to changes in their financial situation or payment policies.
Summary Analysis
The average time taken for SMITH & WILLIAMSON CORPORATE SERVICES LIMITED to pay invoices has decreased by 20.8% over the past three periods. The percentage of invoices paid within 30 days has increased by 6%, while the percentage of invoices paid between 31 and 60 days has slightly decreased by 2%. However, there has been a significant improvement in the percentage of invoices paid later than 60 days, with a decrease of 8%. This indicates that the company has made efforts to pay their suppliers on time and avoid late payments.
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 Jan 2021 - 30 Jun 2021 | 05 Aug 2021 | 34 | 63% | 29% | 8% | 81% |
| 01 May 2020 - 31 Dec 2020 | 28 Jan 2021 | 19 | 93% | 7% | 0% | 7% |
| 01 Nov 2019 - 30 Apr 2020 | 15 May 2020 | 24 | 87% | 13% | 0% | 13% |
| 01 May 2019 - 31 Oct 2019 | 25 Nov 2019 | |||||
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | |||||
| 01 May 2018 - 31 Oct 2018 | 23 Nov 2018 | |||||
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | |||||
| 01 May 2017 - 31 Oct 2017 | 15 Nov 2017 |
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
Firm policy is to pay suppliers within the agreed credit terms of 30 days. Minor payment delays occur when an invoice is received shortly after the weekly payment run. Disputed amounts may also result in processing delays. There is no stipulated maximum contractual payment period.
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
30
Dispute Resolution Process
Any payment disputes are considered by the relevant department head and, if necessary, the Group Financial Controller. Disputes are usually resolved within 30 days from the date the dispute was raised.
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
Smith & Williamson Corporate Services Limited is a UK-based company that provides a range of financial and business services to clients. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.
Their services include accounting, tax planning, wealth management, and corporate finance. They also offer outsourced services such as payroll, company secretarial, and HR support.
The company's sustainability program focuses on reducing their carbon footprint, promoting sustainable practices within their operations, and engaging with their clients to encourage sustainability in their businesses. They have set targets to reduce their energy consumption and waste production, as well as promote recycling and sustainable transport options for their employees.
Key people at Smith & Williamson Corporate Services Limited include CEO David Cobb and Chairman Kevin Stopps. They have a team of experienced professionals who are dedicated to providing high-quality services to their clients.
The company's website address is www.smithandwilliamson.com and their registered office address is 25 Moorgate, London, EC2R 6AY. They can also be contacted via phone at +44 (0) 20 7131 4000 or email at corporate@smithandwilliamson.com.
In summary, Smith & Williamson Corporate Services Limited is a leading provider of financial and business services in the UK, with a strong commitment to sustainability. Their range of services, experienced team, and dedication to reducing their environmental impact make them a reliable choice for businesses seeking financial and business support.
