SRCL LIMITED
Company Information
- Company Number
- 03226910
- Registered Address
- Indigo House, Sussex Avenue, Leeds, West Yorkshire, LS10 2LF
- Status
- Active
- Employee Count
- 1067.0
- Turnover
- 103835000.0
- EBITDA
- -3240000.0
Additional Details
- Website
- https://stericycle.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 18 July 1996
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- Yorkshire and The Humber
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 59 | 31% | 39% | 31% | 60% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 89 | 18% | 34% | 48% | 79% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Feb 2023 | 94 | 6% | 29% | 65% | 99% |
| 01 Jan 2022 - 30 Jun 2022 | 10 Feb 2023 | 92 | 8% | 32% | 60% | 98% |
Company Summary
SRCL LIMITED is a leading provider of waste management and sustainability services in the UK
The company offers a wide range of solutions for the safe and responsible handling, transportation and disposal of various types of waste
Their sustainability program focuses on reducing the environmental impact of their operations by implementing sustainable practices and promoting circular economy principles
They also work closely with their clients to help them achieve their own sustainability goals
SRCL LIMITED's products and services include clinical waste management, hazardous waste management, pharmaceutical waste disposal, secure shredding, and recycling services
They also offer training and consultancy services to help organizations improve their waste management practices
The company is led by a team of experienced professionals, including CEO Chris Jones and Managing Director Peter Selkirk
They are committed to driving innovation and sustainability in the waste management industry
SRCL LIMITED can be contacted through their website, which provides information on their services, sustainability initiatives, and contact details
Their registered office is located at Unit 14, Amber Business Village, Amber Close, Tamworth, Staffordshire, B77 4RP
In summary, SRCL LIMITED is a responsible and innovative waste management company that prioritizes sustainability in all aspects of their business
With a range of services and a dedicated team, they are an important player in the UK's efforts towards a more sustainable future
Company Review
Trend Analysis
There has been a consistent increase in the average time taken for SRCL LIMITED to pay invoices from 2022 to 2023. There was a slight decrease in the percentage of invoices paid within 30 days in the first period of 2023, but it increased again in the second period. However, the percentage of invoices paid between 31 and 60 days has consistently decreased over the same time period. The percentage of invoices paid later than 60 days also decreased in the first period of 2023 but increased again in the second period.
Volatility Analysis
The volatility of the average time taken to pay invoices has been relatively stable, with only a slight increase in the second period of 2023. The volatility of the percentage of invoices paid within 30 days has also been stable, while the volatility of the percentage of invoices paid between 31 and 60 days has slightly decreased over time. The volatility of the percentage of invoices paid later than 60 days has been the most variable, with a large increase in the second period of 2023.
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 applied payment terms agreed with suppliers is 60 days.
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
60
Dispute Resolution Process
As a company we place great importance on building and maintaining strong relationships with our suppliers. Should a supplier need to a raise a dispute with regards to an invoice or payment, this should be directed to our accounts payable team based in Leeds in the first instance. The accounts payable team will then follow appropriate escalation procedures to the relevant approver/requisitioner or senior management where appropriate.
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
