SERVICE GRAPHICS LIMITED
Company Information
- Company Number
- 04332146
- Registered Address
- The Shard, 32 London Bridge Street, London, SE1 9SG
- Status
- Dissolved
- Employee Count
- 322
- Turnover
- £40,453,000
- EBITDA
- £1,759,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 November 2001
- Nature of Business
- 18129 - Printing not elsewhere classified
- Industries
- Manufacturing, Marketing And Sales
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for Service Graphics Limited has been increasing over the three periods, from 58 days in Jul 2017 - Feb 2018, to 65 days in Feb 2018 - Aug 2018, and finally to 71 days in Aug 2018 - Feb 2019.
Volatility Analysis
The percentage of invoices paid within 30 days has been fluctuating, with a decrease from 22% to 18% to 14% over the three periods. The percentage of invoices paid between 31 and 60 days has also been fluctuating, with a decrease from 28% to 25% and then an increase to 21%. However, the percentage of invoices paid later than 60 days has been consistently high, with an increase from 50% to 57% and then to 65% over the three periods.
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 |
|---|---|---|---|---|---|---|
| 29 Jul 2017 - 02 Feb 2018 | 28 Feb 2018 | 58 | 22% | 28% | 50% | 52% |
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
Service Graphics’ standard payment terms are 93 days from the end of the month of the invoice date. For certain suppliers, e.g. regulatory bodies, one-off suppliers, or suppliers below a certain level of expenditure, payment terms can be less than the standard terms. Payment terms are notified to suppliers as part of the on boarding process which involves the completion of a standard new supplier form, with parts completed by the supplier and the relevant procurement contact. The supplier form is submitted to the accounts payable team, in accordance with the delegated authorities, to upload details in the system. Subsequent changes to terms, where applicable, are discussed between the procurement contact and the supplier and notified to the accounts payable team.
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
127
Dispute Resolution Process
A discrepancy dashboard is created weekly by the accounts payable team and queried with the appropriate internal contact. The responses received are actioned weekly. If there is no resolution then it is escalated to the Financial Controller. Communications from suppliers about invoices in dispute are investigated by the accounts payable team and, if required, are escalated to the relevant contact to address.
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?
❌
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
Service Graphics Limited is a leading printing and graphics company based in the United Kingdom. The company offers a wide range of products and services, including large format printing, signage, exhibition stands, and vehicle graphics.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using eco-friendly materials, recycling waste, and reducing energy consumption in its operations.
Service Graphics Limited has a team of experienced and skilled professionals who are dedicated to providing high-quality products and services to their clients. The company prides itself on its innovative and creative approach to design and printing.
Their website (www.servicegraphics.co.uk) showcases their portfolio and provides information on their products and services. Customers can also contact the company through their registered office address at Unit 1, The I.O Centre, Stephenson Road, Segensworth, Fareham, Hampshire, PO15 5RU.
Overall, Service Graphics Limited is a reputable and sustainable company that offers top-notch printing and graphics solutions to its clients. With a dedicated team and a strong commitment to sustainability, the company continues to be a leader in the industry.
