INTERSERVE GROUP LIMITED

PaymentCheck Score 2021
52Fair
8.2vs last year
#4191 in UK
#198 in Yorkshire and The Humber

Company Information

Company Number
11830440
Registered Address
Central Square, 29 Wellington Street, Leeds, England, LS1 4DL
Status
Liquidation
Employee Count
34,721
Turnover
£2,107,600,000
EBITDA
-£156,700,000

Additional Details

Company Type
Private limited Company
Incorporated On
15 February 2019
Nature of Business
64209 - Activities of other holding companies not elsewhere classified
Industries
Financial Services
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
24 days
Shortest Period:0 days
Longest Period:152 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
85%
31-60 Days
10%
After 60 Days
5%
Not Paid Within Terms29%

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: 2023-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202120 Jan 20224957%20%23%53%
01 Jan 2021 - 30 Jun 202127 Jul 20215953%30%17%57%
01 Jul 2020 - 31 Dec 202009 Feb 20214059%17%24%53%

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

terms30 or 60 days in line with our contracts with our clients

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

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

60

Dispute Resolution Process

Written Dispute Resolution process in accordance with our terms and conditions

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

INTERSERVE GROUP LIMITED is a multinational support services and construction company based in the United Kingdom. They offer a wide range of services such as construction, facilities management, project management, and workforce solutions to clients in various industries.

One of the company's core values is sustainability, and they have a dedicated sustainability program in place to ensure that their operations have a positive impact on the environment and society. They aim to minimize their carbon footprint, promote ethical and responsible business practices, and support local communities through their projects.

In terms of products and services, INTERSERVE GROUP LIMITED offers construction and maintenance services for various building types, including commercial and residential properties, as well as infrastructure projects such as roads, bridges, and airports. They also provide facilities management services to help clients maintain their buildings and facilities efficiently.

The company is led by a team of experienced and knowledgeable individuals, including CEO Alan Lovell and Chairman Alan Mayor. They have a strong commitment to delivering high-quality services and upholding the company's values.

For more information on INTERSERVE GROUP LIMITED, including their services, projects, and sustainability efforts, you can visit their website at www.interserve.com. Their registered office address is located at Interserve House, Ruscombe Park, Twyford, Berkshire, RG10 9JU, United Kingdom.

Financial Metrics

Cash
£191,800,000
Net Worth
-£227,900,000
Total Current Assets
£401,700,000
Total Current Liabilities
£453,600,000

Company Location