WESLEYAN ADMINISTRATION SERVICES LIMITED

PaymentCheck Score 2025
81Good
1.2vs last year
#1665 in UK
#244 in Financial Services
#68 in West Midlands

Company Information

Company Number
05188850
Registered Address
Colmore Circus, Birmingham, West Midlands, B4 6AR
Status
Active
Employee Count
791
Turnover
£104,068,000
EBITDA
£10,000

Additional Details

Company Type
Private limited Company
Incorporated On
26 July 2004
Nature of Business
66290 - Other activities auxiliary to insurance and pension funding
Industries
Financial Services
Region
West Midlands

Time to Pay

Average Time to Pay
31 days
Shortest Period:0 days
Longest Period:7 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
80%
31-60 Days
13%
After 60 Days
7%
Not Paid Within Terms20%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202517 Jul 20253381%11%8%19%
01 Jan 2024 - 30 Jun 202422 Jul 20243282%12%6%18%
01 Jan 2023 - 31 Dec 202310 Jan 20243580%11%9%20%
01 Jan 2023 - 30 Jun 202310 Aug 20233875%15%10%25%
01 Jan 2022 - 31 Dec 202223 Jan 20233771%19%10%29%
01 Jan 2021 - 31 Dec 202117 Jan 20223168%20%12%32%
01 Jan 2021 - 30 Jun 202104 Oct 20212272%18%10%28%
01 Jan 2019 - 30 Jun 201929 Jul 20192174%17%9%26%
01 Jul 2018 - 31 Dec 201825 Jan 20193564%19%17%36%
01 Jan 2018 - 30 Jun 201827 Jul 20182976%12%12%24%

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

Standard payment terms are from the date of the invoice to payment of invoice. For example on 30 day terms if an invoice is dated 25 November then payment due is 24 December

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

Dispute Resolution Process

Invoices are matched to pre arranged orders. Any invoices outside tolerance levels are then referred to the purchaser to liaise with the company (supplier) providing the goods or services to resolve their differences

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

WESLEYAN ADMINISTRATION SERVICES LIMITED is a company that provides financial and administrative services to professionals, specifically those in the medical, dental, and legal fields. Their main focus is on helping these professionals manage their finances and investments.

The company has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using eco-friendly materials in their offices, promoting paperless transactions, and encouraging their employees to use public transport or carpool.

In terms of their products and services, WESLEYAN ADMINISTRATION SERVICES LIMITED offers a variety of financial solutions such as pensions, investments, mortgages, and insurance. They also provide administrative support for professionals, including tax planning and accounting services.

The key people at WESLEYAN ADMINISTRATION SERVICES LIMITED include their CEO, Craig Errington, who has over 20 years of experience in the financial services industry. The company also has a team of financial experts who work closely with their clients to provide tailored solutions.

For those interested in their services, WESLEYAN ADMINISTRATION SERVICES LIMITED has a user-friendly website where potential clients can learn more about their offerings and get in touch with their team. The company's registered office address is Colmore Circus, Birmingham, B4 6AR.

In summary, WESLEYAN ADMINISTRATION SERVICES LIMITED is a financial and administrative services company that is committed to sustainability. They offer a range of products and services for professionals and have a team of experienced individuals leading the company. Their website and registered office address make it easy for interested parties to learn more and get in touch with them.

Financial Metrics

Cash
£1,258,000
Net Worth
-£7,000
Total Current Assets
£17,574,000
Total Current Liabilities
£17,581,000

Company Location