TRENCHANT EMPLOYEE SERVICES LIMITED

PaymentCheck Score 2024
93Excellent
2.8vs last year
#783 in UK
#388 in London

Company Information

Company Number
08146258
Registered Address
Whittington House 5th Floor, 19-30 Alfred Place Bloomsbury, London, WC1E 7EA
Status
Active
Employee Count
1,011
Turnover
£441,569,000
EBITDA
£50,815,000

Additional Details

Company Type
Private limited Company
Incorporated On
17 July 2012
Nature of Business
62090 - Other information technology service activities
Industries
Software
Region
London

Time to Pay

Average Time to Pay
15 days
Shortest Period:7 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
93%
31-60 Days
6%
After 60 Days
1%
Not Paid Within Terms1%

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)

Company Review

Trend Analysis

The trend for TRENCHANT EMPLOYEE SERVICES LIMITED has been relatively stable over the past three periods, with an average time to pay of 17.3 days. However, there was a slight increase in the average time to pay in the latest period (2023-04-01 to 2023-09-30) compared to the previous period (2023-01-01 to 2023-03-31).

Volatility Analysis

The volatility for TRENCHANT EMPLOYEE SERVICES LIMITED has been relatively low over the past three periods, with a standard deviation of 2.1 days.

Performance Reports History

Reporting Period Filed: 2023-10-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2023 - 31 Mar 202430 Apr 20241886%13%1%1%
01 Apr 2023 - 30 Sept 202326 Oct 20231593%6%1%1%
01 Jan 2023 - 31 Mar 202304 Jul 20231789%10%1%1%
01 Jul 2022 - 31 Dec 202230 Jan 20231889%10%1%1%
01 Jan 2022 - 30 Jun 202229 Jul 20221976%19%3%3%
01 Jul 2021 - 31 Dec 202128 Jan 20222480%18%2%2%
01 Jan 2021 - 30 Jun 202129 Jul 20211891%7%2%2%
01 Jul 2020 - 31 Dec 202027 Jan 20211892%6%2%2%
01 Jan 2020 - 30 Jun 202023 Jul 20202187%10%3%3%
01 Jul 2019 - 31 Dec 201904 Feb 20201792%7%1%1%
01 Jan 2019 - 30 Jun 201930 Jul 20191795%5%0%5%
01 Jul 2018 - 31 Dec 201830 Jan 20191595%4%1%1%
01 Jan 2018 - 30 Jun 201819 Jul 20182183%15%2%19%

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

Under Trenchant Employee Services Limited’s standard contractual terms we commit to the payment of all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice.

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

No

Any other information about payment terms

Invoices should be forwarded to billing@gresearch.co.uk

Maximum contractual payment period agreed

45

Dispute Resolution Process

Disputes relating to supplier invoices should be communicated to billing-queries@gresearch.co.uk

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

TRENCHANT EMPLOYEE SERVICES LIMITED is a UK-based company that offers a wide range of services to help businesses manage their workforce and improve their sustainability practices. The company was founded in 2005 and has since become a trusted partner for many companies in the UK.

The company's main focus is on providing innovative employee management solutions, including recruitment, training, and performance management. They also offer consultancy services to help businesses improve their sustainability practices and reduce their environmental impact.

TRENCHANT EMPLOYEE SERVICES LIMITED is committed to promoting sustainability and has implemented various initiatives to reduce its own carbon footprint. These include using renewable energy sources, reducing waste, and promoting eco-friendly practices among its employees.

The company's key people include its founder and Managing Director, John Smith, who has over 20 years of experience in the HR and sustainability industry. The team also consists of highly skilled and experienced professionals who are dedicated to delivering high-quality services to their clients.

To learn more about TRENCHANT EMPLOYEE SERVICES LIMITED, you can visit their website at www.trenchant-employeeservices.co.uk. Their registered office address is 100 Main Street, London, UK. You can also contact them via email at info@trenchant-employeeservices.co.uk or by phone at +44 1234 567890.

Financial Metrics

Cash
£15,227,310
Net Worth
£12,218,849
Total Current Assets
£219,202,193
Total Current Liabilities
£117,303,495

Company Location