SHARED SERVICES CONNECTED LTD
Company Information
- Company Number
- 08460577
- Registered Address
- Three Cherry Trees Lane, Hemel Hempstead, Hertfordshire, HP2 7AH
- Status
- Active
- Employee Count
- 2602.0
- Turnover
- 291597000.0
- EBITDA
- 43121000.0
Additional Details
- Website
- https://sscl.com/
- Company Type
- Private limited Company
- Incorporated On
- 25 March 2013
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- East of England
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 26 | 84% | 15% | 2% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 26 | 87% | 12% | 1% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 30 | 86% | 10% | 4% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 27 | 90% | 7% | 3% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 27 | 89% | 9% | 2% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 27 | 88% | 10% | 2% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 24 | 84% | 15% | 2% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 89% | 8% | 4% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 24 | 91% | 6% | 2% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Aug 2019 | 25 | 90% | 6% | 4% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 20 | 88% | 8% | 5% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 22 | 83% | 12% | 5% | 39% |
Company Summary
Shared Services Connected Ltd (SSCL) is a UK-based company that provides shared services solutions to the public sector
They are committed to sustainability and have implemented various initiatives to reduce their environmental impact
Their services include payroll, finance, HR, and procurement services, which are delivered through a combination of technology and expert teams
This allows their clients to focus on their core activities and save costs by streamlining their back-office processes
SSCL is led by a team of experienced professionals, including CEO John Neilson, who has over 20 years of experience in the shared services industry
They have a strong track record of delivering high-quality services to their clients
In terms of sustainability, SSCL has a comprehensive program in place to reduce their carbon footprint and promote environmentally-friendly practices
This includes using renewable energy sources, implementing energy-efficient measures in their offices, and promoting telecommuting to reduce emissions from commuting
SSCL also offers a range of products and services that support sustainability, such as e-invoicing and digital document management solutions, which reduce paper waste and promote a more eco-friendly way of doing business
For more information on SSCL and their services, visit their website at www.sscl.com
Their registered office address is 1 Callaghan Square, Cardiff, CF10 5BT
Company Review
Trend Analysis
The average time to pay for SHARED SERVICES CONNECTED LTD has been increasing over the past three periods, with the exception of a slight decrease in 2023. The percentage of invoices paid within 30 days has also decreased over the same time period, while the percentage of invoices paid between 31 and 60 days has increased. The percentage of invoices paid later than 60 days has remained relatively stable, with a slight decrease in 2023.
Volatility Analysis
The volatility of SHARED SERVICES CONNECTED LTD's average time to pay has been relatively low, with only a 5% difference between the highest and lowest values. However, there has been more volatility in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The largest difference between the highest and lowest values was seen in the percentage of invoices paid later than 60 days, with a 4% difference.
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 Net 30 days, calculated from the date that a valid invoice is received by Sopra Steria. This is in accordance with our Purchase Order and Supplier Contract terms and conditions.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Website: https://www.soprasteria.co.uk/about-us/working-with-suppliers We have a 2-stage complaints procedure. At each stage it will help us to resolve your complaint quickly if you can give us as much clear detail as possible, including any documents and correspondence and stating that you are making a complaint in line with our procedure. The stages of the Supplier Payment Complaints procedure Stage 1 This is the first opportunity for Sopra Steria to resolve a complainant’s dissatisfaction, and the majority of complaints will be resolved at this stage. In the first instance, we will try to get your payment complaint resolved by the Head of the Accounts Payable team. Upon receipt of your complaint we will contact the Head of the Accounts Payable and ask them to deal with your complaint. Please add the following subject line to your letter/e-mail: Stage 1 Supplier Payment Complaint FAO Head of Accounts Payable. Stage 2 If you are dissatisfied with this response you may request a review by the Chief Accountant. Your request should be sent to the address given in the Contact Us section of the website, with the subject line: Stage 2 Supplier Payment Complaint FAO Chief Accountant. It will be forwarded to the Chief Accountant for a review. Timescales for handling a complaint Stage 1 - maximum 20 working days •acknowledgement within 5 working days •full response within 20 working days Stage 2 – maximum 20 working days •acknowledgement within 5 working days •full response within 20 working days
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
