PRIORY CENTRAL SERVICES LIMITED
Company Information
- Company Number
- 04391278
- Registered Address
- Fifth Floor, 80 Hammersmith Road, London, W14 8UD
- Status
- Active
- Employee Count
- 488.0
- Turnover
- 28796000.0
- EBITDA
- 4445000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 March 2002
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 30 Jan 2024 | 33 | 65% | 30% | 5% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 42 | 60% | 31% | 9% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 55 | 48% | 38% | 14% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 34 | 64% | 29% | 7% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 37 | 55% | 35% | 10% | 23% |
| 01 Jan 2021 - 01 Jun 2021 | 28 Jul 2021 | 41 | 60% | 30% | 10% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 37 | 57% | 36% | 7% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 40 | 41% | 55% | 4% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 46 | 31% | 63% | 6% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 47 | 18% | 72% | 10% | 63% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 48 | 17% | 71% | 12% | 62% |
Company Summary
PRIORY CENTRAL SERVICES LIMITED is a UK-based company that provides a range of services to support businesses and organizations
They have a strong focus on sustainability and offer products and services that promote environmental responsibility
The company offers a variety of services including waste management, recycling, and energy efficiency solutions
They also provide consultancy services for businesses looking to implement sustainable practices
Their sustainability program aims to reduce the environmental impact of their operations and help their clients do the same
Key people at PRIORY CENTRAL SERVICES LIMITED include the managing director, who oversees the company's operations and leads the sustainability efforts, and the team of experienced consultants who work closely with clients to develop customized sustainability plans
The company's website address is www.priorycentralservices.com, where interested parties can find more information about their services and sustainability program
Their registered office address is located in London, UK
In summary, PRIORY CENTRAL SERVICES LIMITED is a UK-based company offering sustainable solutions for businesses and organizations
Their services include waste management, recycling, and energy efficiency, and they have a strong commitment to promoting environmental responsibility
Their team of experts and customized sustainability plans make them a trusted partner for businesses looking to reduce their ecological footprint
Company Review
Trend Analysis
The average time taken for PRIORY CENTRAL SERVICES LIMITED to pay invoices has been steadily decreasing over the past few years, with a significant drop between the first and third periods. This suggests that the company has been making efforts to improve their payment processes.
Volatility Analysis
The data for PRIORY CENTRAL SERVICES LIMITED shows a relatively stable trend, with only minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a notable increase in the percentage of invoices paid later than 60 days during the second period, which then decreases in the following periods.
Summary Analysis
Between the first and third periods, there was a 4% decrease in the average time taken for PRIORY CENTRAL SERVICES LIMITED to pay invoices. This was accompanied by a significant improvement in the percentage of invoices paid within 30 days, increasing from 17% to 31%. Furthermore, there was a decrease in the percentage of invoices paid later than 60 days, dropping from 12% to 6%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard contractual length of time for the payment of invoices is established as: Shortest standard payment period is 0 days Longest standard payment period is 60 days. As an organisation we do not require or make available early settlement discounts as part of any contractual agreement.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
There have been no changes to our standard payment terms however should a supplier have been newly appointed during the reporting period then our standard internal payment terms are made known on the supplier set up form as issued to the supplier for completion at the time of appointment. Additionally, from January 2019 scheduled payments to suppliers are now made four times in each calendar month, previously paid twice monthly.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Disputes relating to payment are referred to the Group Accounts Payable Manager located at the Priory Group Northern Office, Middleton St George in the first instance to determine the reasons for such disputes. Thereafter follows an established process involving discussions with the supplier in question, operational teams, Group Purchasing and other central support services personnel as needed in an effort to satisfactorily resolve such disputes in a timely manner.
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
