CONSENSUS SUPPORT SERVICES LIMITED
Company Information
- Company Number
- 04081379
- Registered Address
- 3 The Courtyards, Phoenix Square, Wyncolls Road, Colchester, Essex, England, CO4 9PE
- Status
- Active
- Employee Count
- 1,898
- Turnover
- £75,717,000
- EBITDA
- £14,767,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 October 2000
- Nature of Business
- 87200 - Residential care activities for learning difficulties, mental health and substance abuse
- Industries
- Care Services
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
CONSENSUS SUPPORT SERVICES LIMITED exhibits a consistent trend of slower payments, with an average payment time of 47 days significantly exceeding standard 30-day terms. Only 32% of invoices are paid within 30 days, while a substantial 68% are paid between 31 and over 60 days, indicating a prolonged payment cycle.
Volatility Analysis
The company's payment behavior shows low reliability and predictability, with 59% of payments being late. The distribution across 31-60 days (42%) and over 60 days (26%) suggests a significant portion of payments will experience delays, introducing unpredictability and potential cash flow strain for suppliers.
Summary Analysis
Suppliers should approach CONSENSUS SUPPORT SERVICES LIMITED with caution due to the high average payment time and significant percentage of late payments. Key decision factors include potential impact on working capital and the need for robust credit management. Consider implementing stricter payment terms such as shorter net days, requiring upfront deposits, or offering early payment discounts to mitigate associated risks.
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 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 42 | 54% | 22% | 24% | 46% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 51 | 30% | 39% | 31% | 64% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 47 | 32% | 42% | 26% | 59% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 46 | 28% | 49% | 23% | 63% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 38 | 47% | 40% | 13% | 53% |
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
The company's standard payment terms are 30 days from receipt of invoice, which is also the maximum contractual period.
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
30
Dispute Resolution Process
Provided the goods/services have been supplied as agreed the invoice will be approved for payment. If there is a dispute the supplier will need to evidence to the invoice approver that the goods/services have been supplied to an acceptable standard.
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.
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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.
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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.
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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?
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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
CONSENSUS SUPPORT SERVICES LIMITED is an active private limited company that provides support services, as indicated by its name. Its legal structure as a private limited company defines its operational framework.
The company holds company number 04081379 and was incorporated on 2 October 2000. Its registered office is located at 3 The Courtyards, Phoenix Square, Wyncolls Road, Colchester, Essex, England, CO4 9PE, within the East of England region.
In the UK market, companies operating within the support services sector typically offer a diverse range of functions. These commonly include administrative, operational, or technical assistance, designed to aid organisations and individuals in achieving their objectives.
