AMIGO MANAGEMENT SERVICES LTD
Company Information
- Company Number
- 05391984
- Registered Address
- C/O Grant Thornton Uk Advisory & Tax Llp 11th Floor, Landmark St Peter's Square, 1 Oxford Street, Manchester, M1 4PB
- Status
- Liquidation
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 March 2005
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
AMIGO MANAGEMENT SERVICES LTD exhibits a strong trend of very prompt payments, averaging just 15 days and settling 98% of invoices within 30 days. This consistent speed indicates efficient payment processing and a reliable trajectory for future settlements, largely favoring suppliers.
Volatility Analysis
While payment reliability is high for the vast majority of invoices (98% within 30 days), the 21% late payment rate indicates a notable deviation from agreed terms for a portion of transactions. Additionally, 2% of payments extending beyond 30 days, including some over 60 days, introduces a minor but present level of unpredictability and tail risk for specific invoices.
Summary Analysis
Overall, AMIGO MANAGEMENT SERVICES LTD is a generally reliable and prompt payer, making them a favorable partner for suppliers due to high payment speed. Suppliers should factor in the occasional deviation from terms (21% late) and the minor risk of longer delays (2% over 30 days) when setting expectations. It is advisable to maintain clear communication regarding payment terms and have a proactive follow-up process for invoices approaching or exceeding their due date.
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 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 15 | 98% | 1% | 1% | 21% |
| 01 Oct 2021 - 31 Mar 2022 | 16 May 2022 | 17 | 96% | 2% | 2% | 16% |
| 01 Apr 2021 - 30 Sept 2021 | 22 Oct 2021 | 19 | 96% | 2% | 2% | 18% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 24 | 86% | 13% | 1% | 21% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Oct 2020 | 27 | 92% | 5% | 3% | 12% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 8 | 99% | 1% | 0% | 24% |
| 01 Sept 2018 - 31 Mar 2019 | 01 May 2019 | 12 | 96% | 4% | 0% | 13% |
| 01 Apr 2018 - 31 Aug 2018 | 22 Oct 2018 | 17 | 98% | 2% | 0% | 11% |
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
Amigo's policy is to pay suppliers within the agreed terms. Minor payment delays may occur if the invoice is received after the payment run. Disputed amounts may also result in processing delays.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Some suppliers stipulate 'payment upon receipt' (under specific circumstances) or accelerated payments. These are considered on a case by case basis and we honour requests in cases where there is a genuine business need
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any payment disputes are considered by the relevant department Head. Disputes aim to be resolved as soon as possible and are usually resolved or escalated within 7 days.
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
AMIGO MANAGEMENT SERVICES LTD is a private limited company that provided management services. The company is currently in liquidation.
Incorporated on 14 March 2005, AMIGO MANAGEMENT SERVICES LTD is registered with company number 05391984. Its registered office is located at C/O Grant Thornton UK Advisory & Tax LLP, 11th Floor, Landmark St Peter's Square, 1 Oxford Street, Manchester, M1 4PB.
As a provider of management services, this type of company typically offers expertise in areas such as strategic planning, operational management, administrative support, and business advisory. These services are commonly tailored to assist organisations with efficiency, growth, and compliance within the UK market.
