OPENWORK SERVICES LIMITED
Company Information
- Company Number
- 03562843
- Registered Address
- Auckland House, Lydiard Fields, Swindon, England, SN5 8UB
- Status
- Active
- Employee Count
- 649
- Turnover
- £117,895,000
- EBITDA
- £5,183,000
Additional Details
- Website
- https://openwork.uk.com
- Company Type
- Private limited Company
- Incorporated On
- 13 May 1998
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
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 2025 - 30 Jun 2025 | 05 Aug 2025 | 29 | 76% | 21% | 3% | 34% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 27 | 87% | 10% | 3% | 20% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 30 | 84% | 13% | 3% | 21% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 27 | 84% | 13% | 3% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 32 | 90% | 8% | 2% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 16 | 92% | 7% | 1% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 23 | 85% | 11% | 3% | 23% |
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 payment terms is within 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
Openwork AP have a simple and effective process for handling disputes. When an invoice is disputed by the business, the AP department would be informed by rejection of the invoice. The cost centre holder would add a comment, with the reason for the dispute eg (incorrect invoice value).It would be the responsibility of the cost centre Manager to pursue any discrepancy with the Supplier. Once resolved, the Supplier would need to provide any missing information or a corrected invoice. Invoice would need to be resubmitted to AP to be re-processed and approved through the normal approval process before payment can be made. If any dispute cannot be resolved by the Cost Centre Manager the dispute is then escalated to the legal department.
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
OPENWORK SERVICES LIMITED is a UK-based company that offers a range of services in the financial sector
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.\n\nTheir sustainability program includes measures such as energy efficiency, waste reduction, and promoting eco-friendly practices among their employees and clients
They also work closely with suppliers to ensure that their products and services are sourced responsibly.\n\nThe company's main products and services include financial planning, investment management, insurance, and mortgage advice
They offer these services to both individuals and businesses, with a focus on providing personalized and comprehensive solutions.\n\nThe key people at OPENWORK SERVICES LIMITED include the CEO, Martin Davis, and the Managing Director, Philip Howell
They have a team of experienced financial advisors who are dedicated to providing high-quality services to their clients.\n\nFor more information, interested individuals can visit the company's website at www.openwork.co.uk
The registered office address is 13th Floor, The Mille, 1000 Great West Road, Brentford, Middlesex, TW8 9DW
OPENWORK SERVICES LIMITED is registered in England and Wales, with company number 04012957
