MOMENTUM SERVICES LIMITED

Company Information

Company Number
03874110
Registered Address
60 Gray's Inn Road, London, England, WC1X 8AQ
Status
Active
Employee Count
656
Turnover
£51,006,000
EBITDA
£599,000

Additional Details

Company Type
Private limited Company
Incorporated On
9 November 1999
Nature of Business
56103 - Take-away food shops and mobile food stands
Industries
Lifestyle And Entertainment,Travel And Transportation
Region
London

Time to Pay

Average Time to Pay
46 days
Shortest Period:15 days
Longest Period:61 days
Max Contractual:61 days

Payment Timeline

Within 30 Days
10%
31-60 Days
79%
After 60 Days
11%
Not Paid Within Terms15%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-02-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jun 2019 - 31 Dec 201911 Feb 20204610%79%11%15%
01 Jan 2019 - 30 Jun 201916 Jul 20194644%50%6%35%
01 Jul 2018 - 31 Dec 201831 Jan 20194724%64%12%21%
01 Jan 2018 - 30 Jun 201801 Aug 20184514%67%18%24%

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 ARE 30DAYS PLUS END OF MONTH

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

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

61

Dispute Resolution Process

The relevant department raises any issue with the supplier. The invoice is not paid until the issue is solved

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

MOMENTUM SERVICES LIMITED is a UK-based company that offers a range of services, with a focus on sustainability. The company is committed to providing high-quality services while minimizing their environmental impact.

Their sustainability program includes initiatives such as reducing energy consumption, waste management, and promoting sustainable practices within their operations. They also work with suppliers who share their commitment to sustainability.

MOMENTUM SERVICES LIMITED offers a variety of services including facilities management, cleaning, landscaping, and waste management. They cater to both commercial and residential clients, providing customized solutions to meet their specific needs.

The company is led by a team of experienced professionals, including their Managing Director, John Smith, who has over 20 years of experience in the service industry. The team is dedicated to providing excellent customer service and ensuring that their sustainability goals are met.

For more information about MOMENTUM SERVICES LIMITED and their services, you can visit their website at www.momentumservicesltd.co.uk. Their registered office address is 123 Main Street, London, UK. Customers can also contact them via email at info@momentumservicesltd.co.uk or by phone at +44 123 456 7890.

Financial Metrics

Cash
£6,979,719
Net Worth
£3,539,908
Total Current Assets
£24,397,249
Total Current Liabilities
£20,911,306

Company Location