BROOKSON SOLUTIONS LIMITED

PaymentCheck Score 2022
90Excellent
New Entry
#824 in UK
#129 in Financial Services
#54 in North West

Company Information

Company Number
05975526
Registered Address
320 Firecrest Court Centre Park, Warrington, England, WA1 1RG
Status
Active
Employee Count
9,787
Turnover
£624,641,000
EBITDA
£2,153,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 October 2006
Nature of Business
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
Financial Services,Professional Services,Safety And Security
Region
North West

Time to Pay

Average Time to Pay
17 days
Shortest Period:0 days
Longest Period:36 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
91%
31-60 Days
0%
After 60 Days
9%
Not Paid Within Terms23%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2023-03-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2022 - 30 Sept 202224 Mar 20231791%0%9%23%

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

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

No information available

Any other information about payment terms

We process a weekly payment run on a Wednesday to clear on the Friday, that captures all invoices due to the following Sunday. Given this timing period, some invoices may be paid outside of the payment terms by 1-7 days dependent on due dates when the payment run is compiled.

Maximum contractual payment period agreed

30

Dispute Resolution Process

Escalated to relevant department head who procured

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

Brookson Solutions Limited is a UK-based company that offers a wide range of services to contractors, freelancers, and self-employed professionals. The company was founded in 1995 and has since become a leader in the industry, providing innovative solutions to support the self-employed workforce.

One of the key activities of Brookson Solutions Limited is their focus on sustainability. The company is committed to reducing their environmental impact and promoting sustainable practices. They have implemented various initiatives such as using renewable energy sources, reducing their carbon footprint, and promoting recycling and waste reduction.

In terms of products and services, Brookson Solutions Limited offers a comprehensive range of solutions to support contractors and self-employed professionals. This includes tax and accounting services, insurance, and financial advice. They also offer a range of online tools and resources to help their clients manage their finances more effectively.

The company is led by a team of experienced professionals, including Mark Beilby, the CEO, and Paul Lloyd, the CFO. They are supported by a dedicated team of experts who are committed to providing high-quality services to their clients.

For those interested in contacting Brookson Solutions Limited, their website address is www.brookson.co.uk. Their registered office address is 130 Aztec West, Almondsbury, Bristol, BS32 4UB. They also have offices in Warrington and Edinburgh.

Financial Metrics

Cash
£3,738,000
Net Worth
£3,575,000
Total Current Assets
£46,494,000
Total Current Liabilities
£42,919,000

Company Location