SYNNOVIS SERVICES LLP

PaymentCheck Score 2025
68Fair
17.4vs last year
#2573 in UK
#1047 in London

Company Information

Company Number
OC392044
Registered Address
Friars Bridge Court, 41-43 Blackfriars Road, London, England, SE1 8NZ
Status
Active
Employee Count
0
Turnover
£93,397,000
EBITDA
£24,584,000

Additional Details

Company Type
Limited liability partnership
Incorporated On
19 March 2014
Industries
Coming Soon
Region
London

Time to Pay

Average Time to Pay
51 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
73%
31-60 Days
13%
After 60 Days
14%
Not Paid Within Terms28%

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: 2025-07-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202528 Jul 20255173%13%14%28%
01 Jul 2024 - 31 Dec 202431 Jan 20252878%10%12%22%
01 Jan 2024 - 30 Jun 202429 Jul 20241689%5%7%23%
01 Jan 2023 - 30 Jun 202325 Jul 20232482%8%10%18%
01 Jan 2022 - 30 Jun 202229 Jul 20223668%13%19%32%
01 Jul 2021 - 31 Dec 202128 Jan 20222983%9%7%16%
01 Jan 2021 - 30 Jun 202114 Jul 20213586%9%5%15%
01 Jul 2019 - 31 Dec 201927 Jan 20203089%8%3%11%
01 Jan 2019 - 30 Jun 201917 Jul 20193486%8%6%16%
01 Jan 2018 - 30 Jun 201827 Jul 20184445%39%16%62%

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

30 days from receipt of invoice

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

The Synnovis Services dispute policy is as follows: 1. Make contact with the supplier and ask for an updated statement and copy of all outstanding invoices. Where needed we have telephone conferences or face-to-face meetings to resolve complex issues. 2. Reconcile the statement and provide an update to supplier on the status of each invoice so they know where the invoice is in the approval and payment process. 3. Resolve any queries or blocked invoices and ensure invoices are free for payment. 4. Make payment of invoices and send remittance to supplier.

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

SYNNOVIS SERVICES LLP is a leading company that offers a wide range of sustainable products and services. They have a strong commitment to sustainability and have implemented various measures to reduce their environmental impact.

Their sustainability program includes initiatives such as using eco-friendly materials, promoting recycling and waste reduction, and reducing their carbon footprint through energy-efficient practices. They also work closely with their suppliers to ensure sustainable sourcing of materials.

The company's products and services include IT consulting, software development, and digital marketing solutions. They cater to clients across various industries, including healthcare, finance, retail, and manufacturing. Their services are designed to be cost-effective, efficient, and sustainable.

The key people at SYNNOVIS SERVICES LLP include the managing partners, who have a vast experience in the industry and a strong focus on sustainability. They are supported by a team of skilled professionals who are committed to delivering high-quality and sustainable solutions to their clients.

For more information about their products and services, interested individuals and businesses can visit their website at www.synnovisservices.com. The registered office address of SYNNOVIS SERVICES LLP is 10 Upper Bank Street, London, E14 5JJ.

Financial Metrics

Cash
£1,349,000
Net Worth
-£8,469,000
Total Current Assets
£30,271,000
Total Current Liabilities
£123,347,000

Company Location