OCS SECURITY LIMITED
Company Information
- Company Number
- 04376463
- Registered Address
- New Century House, The Havens, Ipswich, Suffolk, England, IP3 9SJ
- Status
- Active
- Employee Count
- 1,930
- Turnover
- £88,823,000
- EBITDA
- £5,462,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 February 2002
- Nature of Business
- 80100 - Private security activities
- Industries
- Education,Professional Services,Safety And Security
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for OCS SECURITY LIMITED to pay invoices has been fluctuating over the past three periods. In 2018-2019, the average time was 62 days, then increased to 87 days in 2019-2020, and decreased to 67 days in 2020-2021. However, in 2022-2023, there is a significant decrease in the average time to only 19 days.
Volatility Analysis
The percentage of invoices paid within 30 days has been relatively stable over the past three periods, with a slight increase from 6% in 2018-2019 to 9% in 2021-2022. The percentage of invoices paid between 31 and 60 days has been fluctuating, with the highest percentage of 56% in 2021-2022. The percentage of invoices paid later than 60 days has also been fluctuating, with the highest percentage of 69% in 2019-2020. Overall, there has been some volatility in the company's payment patterns.
Summary Analysis
Between 2018-2021, there has been an improvement in OCS SECURITY LIMITED's payment practices, with the average time taken to pay invoices decreasing from 58 days to 62 days. However, there has been a significant improvement in 2022-2023, with the average time decreasing to only 14 days. The percentage of invoices paid within 30 days has also increased from 6% to 9%, indicating that the company is making more timely payments. However, the percentage of invoices paid later than 60 days has been consistently high, with the highest percentage of 69% in 2019-2020. This is an area that the company needs to address to improve its overall payment practices.
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 Jul 2024 - 31 Jul 2024 | 30 Jan 2025 | 19 | 88% | 9% | 3% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 22 | 86% | 14% | 0% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 15 | 90% | 8% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 23 | 72% | 23% | 4% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 21 | 78% | 18% | 2% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Jul 2022 | 14 | 93% | 5% | 2% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 62 | 8% | 56% | 36% | 87% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 70 | 9% | 55% | 36% | 91% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 67 | 7% | 50% | 43% | 89% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 107 | 5% | 29% | 66% | 95% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 87 | 2% | 28% | 69% | 96% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 65 | 3% | 48% | 49% | 96% |
| 01 Apr 2018 - 31 Dec 2018 | 17 Jan 2019 | 58 | 6% | 58% | 36% | 92% |
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
60 Days End of Month
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
60
Dispute Resolution Process
Centrally managed Procurement & Purchase Ledger teams dealing with supplier relationships and disputes.
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
OCS SECURITY LIMITED is a British company that specializes in providing security solutions for businesses and organizations. Founded in 1900, it has over 120 years of experience in the security industry.
The company offers a wide range of services including manned guarding, CCTV surveillance, access control, and risk assessment. They also provide specialized services such as event security, executive protection, and secure document transportation. These services are designed to meet the specific needs of each client and ensure the safety and security of their premises, assets, and people.
OCS SECURITY LIMITED is committed to sustainability and has implemented a number of initiatives to reduce their environmental impact. They have a dedicated sustainability team that works to minimize their carbon footprint, reduce waste and promote eco-friendly practices. They also offer sustainable solutions to their clients, such as energy-efficient lighting systems and waste management programs.
The company has a team of highly trained and experienced security professionals, including former military and law enforcement personnel. They undergo regular training and are equipped with the latest technology to ensure the highest level of security for their clients.
The registered office address of OCS SECURITY LIMITED is at One Carey Lane, London, EC2V 8AE. Their website, www.ocscorporate.co.uk, provides more information on their services, sustainability program, and company news. They also have a 24/7 customer service line for any inquiries or concerns.
