SPEEDY ASSET SERVICES LIMITED
Company Information
- Company Number
- 06847930
- Registered Address
- Chase House, 16 The Parks, Newton Le Willows, Merseyside, WA12 0JQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 March 2009
- Nature of Business
- 77390 - Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time for SPEEDY ASSET SERVICES LIMITED is 63 days, indicating a consistent tendency to pay well beyond standard 30-day terms. A significant majority (51%) of payments are made over 60 days, demonstrating a clear operational trend towards extended payment cycles. Only 18% of payments occur within 30 days, suggesting that prompt payments are infrequent and not a reliable expectation.
Volatility Analysis
The high percentage of payments over 60 days (51%) coupled with a 28% late payment rate indicates low predictability for timely settlement. Suppliers face a significant risk of extended payment terms and potential cash flow strain given the average 63-day payment cycle. This data suggests inconsistent adherence to standard terms, making payment forecasting challenging and increasing working capital risk for suppliers.
Summary Analysis
Based on the data, SPEEDY ASSET SERVICES LIMITED exhibits a high payment risk profile for suppliers, characterized by extended payment cycles and a notable late payment rate. Suppliers should factor in an average payment period exceeding 60 days when establishing terms, with a significant likelihood of payments extending even further. It is recommended to implement strict credit terms, consider upfront payments for new engagements, or incorporate late payment clauses to mitigate associated cash flow risks.
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 2025 - 30 Sept 2025 | 31 Oct 2025 | 63 | 18% | 31% | 51% | 28% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 68 | 16% | 27% | 57% | 30% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 61 | 14% | 41% | 45% | 27% |
| 01 Sept 2023 - 31 Mar 2024 | 30 Apr 2024 | 59 | 13% | 50% | 37% | 22% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 57 | 16% | 55% | 29% | 21% |
| 01 Oct 2022 - 31 Mar 2023 | 30 Apr 2023 | 63 | 16% | 46% | 38% | 16% |
| 01 Apr 2022 - 30 Sept 2022 | 03 Oct 2022 | 59 | 17% | 47% | 36% | 26% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 43 | 35% | 41% | 24% | 23% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Oct 2021 | 51 | 19% | 52% | 29% | 20% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 53 | 13% | 51% | 36% | 16% |
| 01 Apr 2020 - 30 Sept 2020 | 03 Nov 2020 | 58 | 11% | 41% | 48% | 28% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 54 | 12% | 53% | 35% | 28% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Nov 2019 | 55 | 12% | 51% | 37% | 23% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 56 | 12% | 49% | 39% | 19% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 54 | 14% | 48% | 38% | 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
The Company negotiates payment terms with each supplier during the procurement process. As a result, payment terms vary by supplier. The most common payment term in place is 30 days from month end although payment terms range from payment on receipt to 60 days from month end.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
240
Dispute Resolution Process
Supplier invoices and payments are managed by the Payment Services team at Chase House, 16 The Parks, Newton-le-Willows, WA12 0JQ. Disputed invoices will be notified to the supplier by the Payment Services team to ensure that they are investigated and resolved in a timely manner. Invoiced items that are subject to dispute will not be paid until resolution of the dispute, whereupon payment shall be made in accordance with this policy.
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
SPEEDY ASSET SERVICES LIMITED is an active private limited company that provides services related to assets
Its company name indicates a focus on efficient asset management or rapid service delivery
Incorporated on 16 March 2009, the company operates under company number 06847930
Its registered office is located at Chase House, 16 The Parks, Newton Le Willows, Merseyside, WA12 0JQ, situated within the North West region of the UK
Companies offering asset services in the UK typically specialise in the management, maintenance, tracking, or logistical support of various assets
These services can encompass aspects such as equipment hire, fleet management, asset valuation, and disposal
