EUROFINS FORENSIC SERVICES LIMITED

PaymentCheck Score 2024
59Fair
#3755 in UK
#193 in West Midlands

Company Information

Company Number
10715102
Registered Address
I54 Business Park, Valiant Way, Wolverhampton, England, WV9 5GB
Status
Active
Employee Count
707
Turnover
£57,227,000
EBITDA
£5,856,000

Additional Details

Company Type
Private limited Company
Incorporated On
7 April 2017
Nature of Business
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
Professional Services
Region
West Midlands

Time to Pay

Average Time to Pay
44 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:75 days

Payment Timeline

Within 30 Days
44%
31-60 Days
28%
After 60 Days
28%
Not Paid Within Terms35%

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: 2024-07-12
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202431 Jan 20254149%28%23%29%
01 Jan 2024 - 30 Jun 202412 Jul 20244444%28%28%35%
01 Jan 2022 - 31 Dec 202228 Feb 20235637%29%34%29%
01 Jul 2021 - 31 Dec 202108 Apr 20225825%29%46%33%
01 Jan 2021 - 30 Jun 202114 Dec 20216027%24%49%58%

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

For the payment of suppliers on Government Contracts - Unless a payment date is otherwise agreed, payment is within 30 days of an appropriately completed, valid and undisputed invoice.

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

75

Dispute Resolution Process

Raise the issue with the supplier (person responsible for the purchase), Pay the invoice when the issue is resolved; or Process the credit note when the issue is resolved.

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

EUROFINS FORENSIC SERVICES LIMITED is a leading provider of forensic science services in the UK. They offer a wide range of services, including DNA analysis, toxicology, drug testing, and fingerprint analysis.

Their sustainability program focuses on reducing their environmental impact by implementing sustainable practices and using eco-friendly materials whenever possible. They also prioritize ethical sourcing and fair labor practices in their supply chain.

The company's products and services are highly regarded in the industry and are used by law enforcement agencies, legal professionals, and private clients. They have state-of-the-art laboratories and use the latest technology to provide accurate and efficient results.

The key people at EUROFINS FORENSIC SERVICES LIMITED include their CEO, Dr. Colin Smith, and their Director of Operations, Dr. Sarah McGroarty. Both have extensive experience in the field of forensic science and are committed to maintaining the company's high standards of quality and service.

The registered office address for EUROFINS FORENSIC SERVICES LIMITED is 6-7 St. John's Lane, London, EC1M 4BH. Their website, https://www.eurofinsforensicservices.co.uk/, provides more information about their services, sustainability efforts, and contact details.

Financial Metrics

Cash
£6,190,000
Net Worth
£8,228,000
Total Current Assets
£16,840,000
Total Current Liabilities
£9,965,000

Company Location