Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for ENSEMBLE COMBINED SERVICES LIMITED to pay invoices to suppliers has decreased consistently over the past three periods, from 99 days in the period of July 2020 to December 2020, to 64 days in the period of January 2021 to June 2021, and further down to 52.8 days in the most recent period of July 2021 to December 2021.
The percentage of invoices paid within 30 days has increased from 8% in the first period to 17% in the second period, but decreased slightly to 23.3% in the most recent period. The percentage of invoices paid between 31 and 60 days has remained relatively stable, with a slight decrease from 20% in the second period to 21.7% in the most recent period. The percentage of invoices paid later than 60 days has decreased significantly from 77% in the first period to 55% in the most recent period. The percentage of invoices not paid within agreed terms has also decreased from 98% in the first period to 99% in the second and third periods.
ENSEMBLE COMBINED SERVICES LIMITED has consistently decreased their average time to pay invoices over the past three periods. Their efforts to pay invoices within 30 days have resulted in an increase from 8% to 17%, but this has slightly decreased in the most recent period to 23.3%. They have also significantly decreased the percentage of invoices paid later than 60 days from 77% to 55%. However, the percentage of invoices not paid within agreed terms has remained high at 99% in all three periods.
| 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 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 64 | 17% | 20% | 63% | 99% |
| 01 Jul 2020 - 31 Dec 2020 | 26 May 2021 | 99 | 8% | 15% | 77% | 98% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days end of month
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
75
Accounts payable operate a shared mailbox that is used by suppliers for comments and queries. Also this can be escalated via the procurement team.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Ensemble Combined Services Limited is a UK-registered company classified under licensed restaurants activity. Evidence indicates it forms part of the CH&CO group, a collection of specialist catering and hospitality businesses operating across workplaces, schools, universities, healthcare settings, visitor attractions, stadia and events in the UK and Ireland. The wider group's brands include Company of Cooks, Create, Gather + Gather, Inspire Catering, Ultimate and Vacherin, covering event catering, workplace restaurants, corporate hospitality and venue management. As a company within this group, Ensemble Combined Services Limited's own registered activity relates to licensed restaurant operations, contributing to the group's broader catering and hospitality offering rather than trading independently under its own public-facing brand.
Generated from the company's website and Companies House records. Sources: chandcogroup.com · chandcogroup.com