TASCOR E D SERVICES LIMITED
Company Information
- Company Number
- 09980217
- Registered Address
- 65 Gresham Street, London, England, EC2V 7NQ
- Status
- Active
- Employee Count
- 2
- Turnover
- Coming Soon
- EBITDA
- -£11,585
Additional Details
- Website
- https://tascor.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 1 February 2016
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for TASCOR E & D SERVICES LIMITED has been an increase in the average time taken to pay invoices over the past three periods. From 2018-2019, the average time to pay has increased by 15 days (31 to 46), with the highest increase occurring in the most recent period (2019-2020). This trend suggests that the company may be facing financial difficulties or struggling with cash flow.
Volatility Analysis
There is a high level of volatility in the percentage of invoices paid within 30 days for TASCOR E & D SERVICES LIMITED. In the first period (2018-2019), 66% of invoices were paid within 30 days, but this dropped to 55% in the following period. This suggests that the company may be experiencing inconsistent payment practices or facing challenges with managing their finances.
Summary Analysis
Between 2018-2019, TASCOR E & D SERVICES LIMITED has seen an increase in the average time taken to pay invoices, from 31 days to 46 days. This trend is concerning and could indicate financial difficulties for the company.
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 2018 - 31 Dec 2018 | 31 Jan 2019 | 39 | 68% | 17% | 15% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 31 | 66% | 28% | 6% | 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
Standard payment terms is No purchase order No pay 7 Days individuals, 14 Days Micro Business, 30 Days SME, 60 Days Large Corporate
Were there any changes to the standard payment terms in the reporting period?
Yes – The current standard payment terms have been harmonised across the business in effect since August 2017 to No purchase order, No pay. Suppliers were formally notified in the necessary format.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The accounts payable helpdesk number and email address is printed on all correspondence to suppliers, any disputes are expected to be resolved within 30 days of the dispute being raised.
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
TASCOR E & D SERVICES LIMITED is a UK-based company that specializes in providing a range of services, including facilities management, logistics, and security, to various industries such as defence, government, and commercial. The company also has a strong focus on sustainability and offers a variety of environmentally-friendly products and services.
Their sustainability program includes initiatives such as reducing energy consumption, waste management, and promoting green transportation methods. They also work closely with their clients to develop sustainable solutions tailored to their specific needs.
TASCOR E & D SERVICES LIMITED is led by a team of experienced and dedicated professionals, including Managing Director James King and Financial Director David Batty. The company's website (www.tascor.co.uk) provides detailed information about their services, sustainability efforts, and contact information.
The registered office address for TASCOR E & D SERVICES LIMITED is 1 Queen Caroline Street, London, W6 9HQ, United Kingdom. Customers can contact the company via email at info@tascor.co.uk or by phone at +44 (0)203 862 9000. Overall, TASCOR E & D SERVICES LIMITED is committed to providing high-quality, sustainable services to their clients while minimizing their environmental impact.
