CORDANT SECURITY LIMITED

Company Information

Company Number
03153231
Registered Address
8th Floor Central Square, 29 Wellington Street, Leeds, United Kingdom, LS1 4DL
Status
Dissolved
Employee Count
4,123
Turnover
£93,043,000
EBITDA
-£119,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 January 1996
Nature of Business
96090 - Other service activities not elsewhere classified
Industries
Safety And Security
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
51 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
22%
31-60 Days
57%
After 60 Days
21%
Not Paid Within Terms21%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-01-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2019 - 31 Dec 201929 Jan 20205122%57%21%21%
01 Jul 2018 - 31 Dec 201830 Jan 20195020%56%26%27%
01 Jan 2018 - 30 Jun 201830 Jul 20184823%63%14%14%

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

60 days from invoice date unless agreed otherwise by exception

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

No information available

Any other information about payment terms

60 days from invoice date unless agreed otherwise by exception

Maximum contractual payment period agreed

60

Dispute Resolution Process

Any disputes are notified to the supplier by either the accounts department or department requesting the supply. Every effort is made to resolve any dispute within the payment terms of invoice

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

CORDANT SECURITY LIMITED is a British-based security company that provides a wide range of security services to businesses and organizations. The company was founded in 1957 and has since become one of the leading security providers in the UK.

The company offers a variety of services, including manned guarding, mobile patrols, CCTV surveillance, event security, and key holding. They also provide security consultancy and risk assessment services to help clients identify and address potential security threats.

In addition to their security services, CORDANT SECURITY LIMITED has a strong focus on sustainability. They have implemented various environmentally-friendly practices in their operations, such as using electric vehicles and promoting recycling and energy conservation. They also work closely with their clients to develop sustainable security solutions that minimize environmental impact.

The company has a team of experienced and highly trained security personnel, led by their Managing Director, Brendan Musgrove. They have a strong commitment to providing high-quality services and ensuring the safety of their clients' premises and assets.

To stay updated on the latest security trends and technologies, CORDANT SECURITY LIMITED actively participates in industry events and conferences. They also have a strong online presence, with a website that provides information about their services, sustainability efforts, and career opportunities.

The registered office address of CORDANT SECURITY LIMITED is 9 Savoy Court, London WC2R 0DU, United Kingdom. Their website is https://www.cordantservices.com/security/ and they can be contacted via phone at 020 7379 4000 or email at info@cordantservices.com.

Financial Metrics

Cash
£94,850
Net Worth
£10,420,447
Total Current Assets
£31,207,706
Total Current Liabilities
£23,518,911

Company Location