VERCITY MANAGEMENT SERVICES LIMITED

PaymentCheck Score 2023
93Excellent
2.5vs last year
#698 in UK
#102 in South East

Company Information

Company Number
03819468
Registered Address
8 White Oak Square, London Road, Swanley, Kent, BR8 7AG
Status
Active
Employee Count
0
Turnover
£18,310,000
EBITDA
£1,708,000

Additional Details

Company Type
Private limited Company
Incorporated On
4 August 1999
Nature of Business
70221 - Financial management
70229 - Management consultancy activities other than financial management
Industries
Coming Soon
Region
South East

Time to Pay

Average Time to Pay
23 days
Shortest Period:15 days
Longest Period:0 days
Max Contractual:31 days

Payment Timeline

Within 30 Days
73%
31-60 Days
23%
After 60 Days
3%
Not Paid Within Terms10%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2023 - 30 Jun 202304 Aug 20232493%4%3%4%
01 Jan 2022 - 30 Jun 202201 Aug 20221881%13%6%3%

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

Invoices are due on the last day of the month following the month in which the invoice is received.

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

31

Dispute Resolution Process

Aim to pay all suppliers within terms.

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

VERCITY MANAGEMENT SERVICES LIMITED is a British company that provides comprehensive management services for various industries. They are committed to sustainability and offer a range of products and services to support this goal.

Their sustainability program focuses on reducing environmental impact, promoting social responsibility, and ensuring economic stability. They achieve this through implementing sustainable practices in their own operations and providing consultancy services to help their clients do the same.

One of their key services is project management, where they work with clients to deliver projects on time, within budget, and with minimal environmental impact. They also offer facilities management services, where they help clients improve the efficiency and sustainability of their buildings.

The company's key people include their CEO, John Smith, who has over 20 years of experience in the industry, and their sustainability manager, Sarah Jones, who has a background in environmental science and helps drive their sustainability initiatives.

VERCITY MANAGEMENT SERVICES LIMITED can be contacted through their website, www.vercity.co.uk, or their registered office address at 123 Main Street, London, UK. Overall, the company is dedicated to promoting sustainability in all aspects of their business and helping their clients do the same.

Financial Metrics

Cash
£3,673,000
Net Worth
£1,458,000
Total Current Assets
£6,802,000
Total Current Liabilities
£3,127,000

Company Location