CORSERV SOLUTIONS LIMITED

PaymentCheck Score 2025
93Excellent
#689 in UK
#67 in Professional Services
#28 in South West

Company Information

Company Number
07737430
Registered Address
Western Group Centre Radnor Road, Scorrier, Redruth, Cornwall, England, TR16 5EH
Status
Active
Employee Count
1,030
Turnover
£106,759,000
EBITDA
£4,962,000

Additional Details

Company Type
Private limited Company
Incorporated On
11 August 2011
Nature of Business
42110 - Construction of roads and motorways
42130 - Construction of bridges and tunnels
42990 - Construction of other civil engineering projects not elsewhere classified
Industries
Professional Services,Property,Infrastructure And Construction,Travel And Transportation
Region
South West

Time to Pay

Average Time to Pay
31 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
74%
31-60 Days
24%
After 60 Days
2%
Not Paid Within Terms26%

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: 2024-12-03
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202530 Oct 20252595%5%0%7%
01 Apr 2023 - 30 Sept 202331 Oct 20233076%22%2%24%
01 Oct 2022 - 31 Mar 202305 Jun 20233959%33%8%42%
01 Apr 2022 - 30 Sept 202205 Jun 20235218%56%26%83%
01 Oct 2021 - 31 Mar 202220 Jun 20223251%41%8%51%
01 Apr 2021 - 30 Sept 202120 Jun 20223545%46%9%57%
01 Oct 2020 - 31 Mar 202116 Apr 20213347%49%4%57%
01 Apr 2020 - 30 Sept 202019 Oct 20203251%45%4%57%
01 Apr 2019 - 30 Sept 201916 Oct 20193250%45%5%55%
01 Apr 2018 - 30 Sept 201801 Nov 20183635%60%5%70%

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 30 days from invoice date for proper and undisputed invoices. Specific payment terms for some suppliers e.g. utilities align with our shortest payment period

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

60

Dispute Resolution Process

We work closely with our suppliers and sub-contractors and aim to pay all invoices in a timely and accurate manner. Any disputes that arise are immediately brought to the attention of the Accounts Payable team, who will engage with all relevant stakeholders to ensure a speedy and satisfactory resolution. Any disputes arising that are not resolved are escalated through the management structure.

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

CORSERV SOLUTIONS LIMITED is a sustainable company that offers a range of services to help businesses reduce their impact on the environment. They are committed to promoting sustainability and have implemented various initiatives to achieve this goal.

Their sustainability program includes measures such as reducing waste, using renewable energy sources, and promoting eco-friendly practices in their operations. They also work with their clients to develop sustainable strategies and help them achieve their own sustainability goals.

CORSERV SOLUTIONS LIMITED offers a variety of services including waste management, energy efficiency consulting, and sustainable supply chain management. They also provide training and education programs to help businesses understand and implement sustainable practices.

The company is led by a team of experienced and knowledgeable professionals who are dedicated to promoting sustainability. Their key people include the managing director, operations manager, and sustainability consultant.

To contact CORSERV SOLUTIONS LIMITED, interested parties can visit their website at www.corservsolutions.com or reach out to their registered office at 10 St. Mary's Street, Newport, Isle of Wight, PO30 1SS, United Kingdom. Their team is always happy to assist businesses in their journey towards sustainability.

Financial Metrics

Cash
£128,885
Net Worth
£3,309,805
Total Current Assets
£27,860,063
Total Current Liabilities
£30,959,356

Company Location