The average time taken for OCS M&E SERVICES LIMITED to pay invoices to suppliers has decreased over the past three periods, from 63 days in 2017-2018 to 22 days in 2023-2023. Additionally, the percentage of invoices paid within 30 days has consistently increased, while the percentage of invoices paid later than 60 days has consistently decreased.
OCS M&E SERVICES LIMITED has experienced some volatility in their payment practices, with changes in average time to pay and percentages of invoices paid within certain time frames. However, overall there has been a trend towards earlier payment and more invoices being paid within the agreed terms.
Between 2017-2018 and 2022-2023, OCS M&E SERVICES LIMITED has significantly improved their payment practices. Their average time to pay has decreased by 41 days, while the percentage of invoices paid within 30 days has increased by 68%. Additionally, the percentage of invoices paid later than 60 days has decreased by 50%.
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 26 | 75% | 23% | 2% | 31% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 24 | 81% | 16% | 3% | 38% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 54 | 49% | 31% | 20% | 46% |
| 01 Jan 2024 - 30 Jun 2024 | 13 Aug 2024 | 14 | 92% | 6% | 1% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 22 | 84% | 13% | 2% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 27 | 67% | 28% | 5% | 11% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 22 | 85% | 12% | 3% | 69% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 57 | 13% | 51% | 36% | 88% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 63 | 41% | 42% | 17% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 59 | 25% | 37% | 38% | 42% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 40 | 37% | 21% | 42% | 45% |
| 01 Jul 2019 - 31 Dec 2019 | 08 Apr 2020 | 43 | 24% | 55% | 21% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Apr 2020 | 63 | 43% | 37% | 20% | 23% |
| 01 Apr 2018 - 31 Dec 2018 | 08 Apr 2020 | 50 | 17% | 45% | 38% | 42% |
| 01 Oct 2017 - 31 Mar 2018 | 01 May 2018 | 63 | 21% | 26% | 53% | 63% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from date 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
Complaints are handled by the department who placed the order, and will be escalated to senior management if the dispute cannot be resolved satisfactorily.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
OCS M&E Services Limited is a Scottish mechanical and electrical services company, originally incorporated in 1958 as Arthur McKay & Company (Electrical Contractors) Limited. It later traded as Arthur McKay & Co, then Servest Arthur McKay, and then Atalian Servest AMK, before adopting its current name. Its registered activities cover electrical installation, plumbing and heating and air-conditioning installation, other specialised construction work, and telecommunications activities. The company is a subsidiary within the OCS Group, controlled by OCS UK&I Limited since 2016, and itself holds a subsidiary, Thermotech Solutions Limited. It has been awarded public sector facilities management contracts, including hard facilities management services for property clients, reflecting its role delivering specialist M&E works within a wider facilities management group.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk