BROOKSON LIMITED
Company Information
- Company Number
- 03128631
- Registered Address
- 320 Firecrest Court Centre Park, Warrington, England, WA1 1RG
- Status
- Active
- Employee Count
- 116
- Turnover
- £12,316,000
- EBITDA
- £3,682,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 November 1995
- Nature of Business
- 69201 - Accounting and auditing activities
- Industries
- Financial Services
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for BROOKSON LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods, with a drop of 9 percentage points between 2017-10-01 and 2022-09-30. This indicates an improvement in the company's payment efficiency over time.
Volatility Analysis
There is a slight fluctuation in the percentage of invoices paid within 30 days, with a peak of 66% in the period of 2019-10-01 to 2020-03-31 and a low of 56% in the most recent period of 2021-10-01 to 2022-03-31. However, overall there is a consistent trend of improvement in this category.
Summary Analysis
In summary, the data for BROOKSON LIMITED shows a consistent improvement in the average time taken to pay invoices, with a decrease of 9 percentage points over the past three periods. The company has also shown a positive trend towards prompt payment, with decreases in the percentage of invoices paid later than 60 days and not paid within agreed terms. However, there is some volatility in the percentage of invoices paid within 30 days, indicating a need for further improvement in timely payments for the company.
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 Apr 2022 - 30 Sept 2022 | 23 Jan 2023 | 26 | 63% | 32% | 4% | 87% |
| 01 Oct 2021 - 31 Mar 2022 | 23 Jan 2023 | 32 | 56% | 34% | 10% | 88% |
| 01 Apr 2021 - 30 Sept 2021 | 23 Jan 2023 | 29 | 62% | 33% | 5% | 76% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Jan 2023 | 32 | 56% | 38% | 6% | 83% |
| 01 Apr 2020 - 30 Sept 2020 | 23 Jan 2023 | 34 | 52% | 40% | 8% | 87% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 27 | 66% | 29% | 5% | 23% |
| 01 Apr 2019 - 30 Sept 2019 | 27 Nov 2019 | 30 | 59% | 31% | 10% | 61% |
| 01 Oct 2017 - 31 Mar 2018 | 23 Aug 2018 | 36 | 47% | 41% | 13% | 42% |
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
Standard
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
We process a weekly payment run on a Wednesday to clear by BACS on the Friday, that captures all invoices due to the following Sunday. Given this timing period, some invoices may be paid outside of the payment terms by 1-7 days dependent on due dates when the payment run is compiled.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Escalated to relevant department head who procured
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
Brookson Limited is a UK-based company that offers a wide range of financial, accounting, and tax services to small businesses, freelancers, and self-employed individuals. The company was established in 1995 and has since become a leading provider of professional services to the self-employed market.
The company's services include accounting, tax planning, payroll, and compliance services, as well as business advice and support. They also offer a variety of software solutions to help their clients manage their finances more efficiently. Brookson Limited is committed to providing high-quality and cost-effective services to their clients.
In addition to their services, Brookson Limited also has a strong sustainability program in place. They are dedicated to reducing their environmental impact and promoting sustainability throughout their operations. This includes reducing their carbon footprint, promoting recycling and waste reduction, and using sustainable and eco-friendly materials in their office.
The company is led by a team of experienced and knowledgeable professionals who are committed to providing excellent services to their clients. Their CEO, Martin Hesketh, has over 25 years of experience in the financial and accounting industry. The company's registered office is located in Warrington, UK.
Brookson Limited's website (www.brookson.co.uk) provides detailed information about their services, sustainability initiatives, and team members. The website also offers resources and tools for clients to manage their finances and stay up-to-date with the latest industry news and regulations.
In summary, Brookson Limited is a reputable company that offers a wide range of financial services to their clients. They have a strong commitment to sustainability and are led by a team of experienced professionals. Their website serves as a valuable resource for clients and potential clients to learn more about their services and company values.
