OVO FIELD FORCE LTD
Company Information
- Company Number
- 08785057
- Registered Address
- 1 Rivergate, Temple Quay, Bristol, BS1 6ED
- Status
- Active
- Employee Count
- 71
- Turnover
- £4,207,000
- EBITDA
- -£640,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 November 2013
- Nature of Business
- 61900 - Other telecommunications activities62090 - Other information technology service activities96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for OVO FIELD FORCE LTD's average time to pay invoices has fluctuated over the past three periods. In 2018, the company had an average time to pay of 18 days, which decreased to 16 days in 2019 before increasing to 29 days in 2019. However, in the most recent period (2021-2022), the average time to pay has decreased to 23 days.
Volatility Analysis
OVO FIELD FORCE LTD's volatility in terms of paying invoices has also fluctuated over the past three periods. In 2018, the company had a relatively low volatility with only 1% of invoices being paid later than 60 days. This improved in 2019 with 2% of invoices being paid later than 60 days. However, in 2020, the volatility increased significantly with 5% of invoices being paid later than 60 days. This improved slightly in the most recent period (2021-2022) with 4% of invoices being paid later than 60 days.
Summary Analysis
From 2018 to 2022, OVO FIELD FORCE LTD's average time to pay invoices has fluctuated, with a decrease in 2019 and a slight improvement in the most recent period. The company has also shown some volatility in terms of paying invoices, with the worst period being in 2020 where 5% of invoices were paid later than 60 days. However, there has been an improvement in the most recent period with only 4% of invoices being paid later than 60 days.
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 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 25 | 91% | 7% | 3% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 23 | 87% | 9% | 4% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 24 | 85% | 13% | 2% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 13 Jul 2021 | 21 | 87% | 10% | 3% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 81% | 18% | 1% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 06 Feb 2020 | 29 | 73% | 22% | 5% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 20 | 92% | 6% | 2% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 16 | 95% | 3% | 2% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 18 | 92% | 6% | 1% | 12% |
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 standard payment terms are 30 days after receipt of invoice. We hold individual agreements with some of our suppliers for differing terms ranging from immediate to the standard 30 days, and also direct debit payments.
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
The Company has a dedicated accounts payable team, which can be reached by Email or Phone. Suppliers with invoice queries need to contact this team, and if the accounts payables ream is not able to resolve they escalate the issue to the buyer associated with the invoice. Disputes are handled by a combination of the accounts payable team and the buyer’s department who placed the order, and will be escalated to senior management if it cannot be resolved satisfactorily.
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
OVO FIELD FORCE LTD is a UK-based company that provides field force solutions to various industries such as energy, telecommunications, and retail. They specialize in customer acquisition, installation, and maintenance services.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using electric vehicles for their field operations, promoting energy efficiency among their clients, and reducing their own carbon footprint through renewable energy sources.
Their product and service offerings include smart meter installations, energy efficiency advice, and field force management software. They also offer customized solutions for businesses looking to improve their customer acquisition and retention strategies.
The key people behind OVO FIELD FORCE LTD are the co-founders, Stephen Fitzpatrick and Matthew Vickers. They both have a strong background in the energy industry and have led the company to become one of the fastest-growing field force providers in the UK.
For more information on their services and sustainability efforts, you can visit their website at www.ovofieldforce.com. Their registered office address is located at 1 Rivergate, Temple Quay, Bristol, BS1 6ED, United Kingdom.
In conclusion, OVO FIELD FORCE LTD is a leading provider of field force solutions with a strong commitment to sustainability. Their innovative products and services, along with their dedicated team, have made them a trusted partner for businesses looking to improve their customer experience and reduce their environmental impact.
