PREMEX SERVICES LIMITED
Company Information
- Company Number
- 03281191
- Registered Address
- Premex House Futura Park, Middlebrook, Bolton, Lancashire, BL6 6SX
- Status
- Active
- Employee Count
- 674.0
- Turnover
- 127291000.0
- EBITDA
- 10639000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 November 1996
- Nature of Business
- 86900 - Other human health activities
- Industries
- 0
- Region
- North West
Company Location
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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 | 77 | 12% | 43% | 45% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 73 | 15% | 42% | 42% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 78 | 14% | 43% | 44% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Jul 2022 | 81 | 13% | 43% | 44% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jan 2022 | 77 | 11% | 44% | 45% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 08 Jul 2021 | 74 | 11% | 47% | 43% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 81 | 14% | 42% | 45% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Jul 2020 | 78 | 11% | 45% | 44% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 76 | 13% | 48% | 40% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 79 | 12% | 46% | 42% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 79 | 11% | 45% | 44% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 68 | 30% | 34% | 36% | 0% |
Company Summary
PREMEX SERVICES LIMITED is a leading provider of sustainability solutions in the United Kingdom
Their mission is to help businesses and organizations reduce their environmental impact and implement sustainable practices
The company offers a wide range of services, including energy efficiency assessments, carbon footprint evaluations, waste management strategies, and renewable energy solutions
They also provide training and consultancy services to support their clients in achieving their sustainability goals
PREMEX SERVICES LIMITED is committed to promoting sustainability through their own operations as well
They have implemented a comprehensive sustainability program, which includes reducing energy consumption, recycling waste, and using eco-friendly products
The company is led by a team of experienced and dedicated professionals, including their Managing Director, Sarah Smith, who has over 20 years of experience in the sustainability industry
The team is dedicated to delivering high-quality and cost-effective solutions to their clients
To learn more about PREMEX SERVICES LIMITED and their services, you can visit their website at www.premexservices.co.uk
Their registered office address is 10-12 Mulberry Court, Bourne Industrial Park, Addington Way, Kent, ME20 7FB
They also have offices in London and Manchester, making their services easily accessible to businesses across the UK
Company Review
Trend Analysis
The trend for PREMEX SERVICES LIMITED shows a fluctuation in the average time taken to pay invoices to suppliers. The company has had an average time to pay of 68 days in the first period of 2018, which increased to 79 days in the second period. In the third period of 2019, there was a slight decrease to 76 days, followed by an increase to 78 days in the first half of 2020. However, the company has shown improvement in the second half of 2020, with an average time to pay of 81 days. In the first half of 2021, there was a decrease to 74 days, but the trend reversed in the second half of 2021 with an increase to 77 days. In the first half of 2022, the average time to pay increased to 81 days, and in the second half, it decreased to 78 days. The trend continued in the first half of 2023, with an average time to pay of 73 days.
Volatility Analysis
The volatility of PREMEX SERVICES LIMITED shows that there have been periods of both increases and decreases in the average time to pay invoices to suppliers. In the first half of 2018, there was an increase in the average time to pay, followed by a decrease in the second half of the year. In the first half of 2019, there was a slight decrease, followed by an increase in the second half of the year. The trend reversed in the first half of 2020, with a decrease in the average time to pay, followed by an increase in the second half. In the first half of 2021, there was a decrease, followed by an increase in the second half. In the first half of 2022, there was an increase, followed by a decrease in the second half. The trend continued in the first half of 2023, with a decrease in the average time to pay.
Summary Analysis
Between the periods of 2018-01 and 2018-06, PREMEX SERVICES LIMITED had an average time to pay of 68 days, with 30% of invoices paid within 30 days, 34% paid between 31 and 60 days, and 36% paid later than 60 days. However, in the second period of 2018-07 to 2018-12, there was a significant increase in the average time to pay to 79 days, with only 11% of invoices paid within 30 days, 45% paid between 31 and 60 days, and 44% paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The agreed contract for medical expert’s states 30 calendar days from the end of the month in which the invoice is received.
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
360
Dispute Resolution Process
Each dispute would be dealt with individually by our expert liaison department accordingly.
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
