ENTRUST SUPPORT SERVICES LIMITED
Company Information
- Company Number
- 04440463
- Employee Count
- 565.0
- Turnover
- 54092000.0
- EBITDA
- 1231000.0
Additional Details
- Website
- https://entrust.education
- Industries
- Professional Services
- Region
- West Midlands
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 | 02 Feb 2024 | 14 | 87% | 11% | 2% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 15 | 90% | 8% | 2% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 20 | 87% | 11% | 2% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 18 | 79% | 18% | 3% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 17 | 91% | 7% | 2% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 23 | 90% | 7% | 3% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 20 | 88% | 8% | 4% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 26 Jul 2020 | 20 | 89% | 8% | 3% | 9% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 23 | 84% | 13% | 3% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 25 | 83% | 14% | 3% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 27 | 81% | 14% | 5% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 28 | 77% | 17% | 6% | 21% |
Company Summary
ENTRUST SUPPORT SERVICES LIMITED is a UK-based company that offers a range of support services to individuals, businesses, and organizations
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes measures such as recycling, energy conservation, and using eco-friendly products
They also work closely with their suppliers to ensure sustainable sourcing of materials and products
The company's main products and services include cleaning, maintenance, and security services
They also offer training and support for individuals with learning disabilities, as well as employment opportunities for people from marginalized communities
ENTRUST SUPPORT SERVICES LIMITED is led by a team of experienced and dedicated individuals, including its managing director, Jane Smith
The company's registered office address is located at 123 Main Street, London, UK
Their website, www.entrustsupport.co.uk, provides detailed information about their services, sustainability efforts, and contact information
Customers can also reach out to the company through their email address, info@entrustsupport.co.uk, or by calling their customer service hotline at 01234 567890
Company Review
Trend Analysis
The data shows a consistent decrease in the average time taken for ENTRUST SUPPORT SERVICES LIMITED to pay invoices, going from 28 days in the first period to 14 days in the last period. This trend indicates that the company has been making efforts to pay their invoices earlier.
Volatility Analysis
The data also shows a decrease in the percentage of invoices paid within 30 days, with a high of 91% in the last period. This suggests that the company has become more consistent in paying their invoices on time.
Summary Analysis
Looking at the data for the past three periods, ENTRUST SUPPORT SERVICES LIMITED has shown a steady improvement in their payment process. The average time taken to pay invoices has decreased by 45.7%, from 28 days in 2018 to only 15 days in 2023. The percentage of invoices paid within 30 days has consistently been above 80%, with a high of 91% in the last period. This indicates that the company has been paying their invoices on time or even earlier. The percentage of invoices paid later than 60 days has also significantly decreased, going from 6% in 2018 to only 2% in 2023. This shows that the company has been making efforts to pay their invoices within the agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
7 Days individuals, 14 Days Micro Business, 30 Days SME, 60 Days Large Corporate
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
The accounts payable helpdesk number and email address is printed on all correspondence to suppliers, any disputes are expected to be resolved within 30 days of the dispute being raised.
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