RICARDO-AEA LIMITED

PaymentCheck Score 2024
82Good
2.0vs last year
#1860 in UK
#25 in Information Technology
#300 in South East

Company Information

Company Number
08229264
Registered Address
Shoreham Technical Centre, Old Shoreham Rd, Shoreham-By-Sea, West Sussex, BN43 5FG
Status
Active
Employee Count
686
Turnover
£63,203,000
EBITDA
£10,775,000

Additional Details

Company Type
Private limited Company
Incorporated On
26 September 2012
Nature of Business
62020 - Information technology consultancy activities
63110 - Data processing, hosting and related activities
71200 - Technical testing and analysis
74901 - Environmental consulting activities
Industries
Information Technology,Telecommunications And Data
Region
South East

Time to Pay

Average Time to Pay
31 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
82%
31-60 Days
12%
After 60 Days
7%
Not Paid Within Terms17%

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: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202430 Jul 20243182%12%7%17%
01 Jul 2023 - 31 Dec 202330 Jan 20243280%13%7%21%
01 Jan 2022 - 30 Jun 202229 Jul 20222885%11%4%15%
01 Jul 2021 - 31 Dec 202128 Jan 20223181%13%6%17%
01 Jan 2021 - 30 Jun 202129 Jul 20212981%15%5%15%
01 Jan 2020 - 30 Jun 202029 Jul 20203371%22%8%27%
01 Jul 2019 - 31 Dec 201929 Jan 20203473%18%9%25%
01 Jan 2019 - 30 Jun 201929 Jul 20193373%20%7%25%

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

Our default payment terms are 60 days, but some supplier are on paid when paid terms, and this can lead to a longer payment period.

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

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Where there is a dispute over deliverables on a project, our Project Manager will lead the discussion with their technical contact at the suppliers. Where there is a dispute with presentation of an invoice (such as formatting, missing PO number etc), the Finance team will address the issue with the supplier.

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

RICARDO-AEA LIMITED is a leading global environmental consultancy firm based in the United Kingdom. They provide expert advice and services to a wide range of clients in the public and private sectors, helping them to achieve sustainable and environmentally responsible practices.

The company's sustainability program is at the core of their operations, with a strong focus on reducing carbon emissions, promoting renewable energy, and improving resource efficiency. They work closely with clients to develop sustainable solutions that meet their specific needs and goals.

RICARDO-AEA offers a diverse range of products and services, including environmental assessments, air quality monitoring, waste management, and sustainability training. They also specialize in areas such as climate change, water management, and biodiversity conservation.

The key people at RICARDO-AEA include the CEO, Dave Shemmans, who has over 30 years of experience in the environmental consulting industry. The company also has a team of highly qualified and experienced consultants who are experts in their respective fields.

To contact RICARDO-AEA, their website address is www.ricardo-aea.com. Their registered office address is Shoreham Technical Centre, Shoreham-by-Sea, West Sussex, BN43 5FG, UK.

In conclusion, RICARDO-AEA LIMITED is a reputable and innovative environmental consultancy firm that is committed to promoting sustainability and providing high-quality services to their clients. With their strong focus on sustainability and a team of experienced professionals, they continue to make a positive impact on the environment and society.

Financial Metrics

Cash
£7,743,000
Net Worth
£17,792,000
Total Current Assets
£26,187,000
Total Current Liabilities
£23,354,000

Company Location