WESCOT CREDIT SERVICES LIMITED
Company Information
- Company Number
- SC084131
- Registered Address
- Kyleshill House, Glencairn Street, Saltcoats, Ayrshire, KA21 5JT
- Status
- Active
- Employee Count
- 1,026
- Turnover
- £41,218,000
- EBITDA
- -£6,455,000
Additional Details
- Website
- https://wescot.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 28 July 1983
- Nature of Business
- 82911 - Activities of collection agencies
- Industries
- Financial Services
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 11 Jul 2025 | 30 | 82% | 15% | 3% | 18% |
| 01 Jul 2024 - 31 Dec 2024 | 20 Jan 2025 | 31 | 85% | 12% | 3% | 17% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Jul 2024 | 34 | 83% | 13% | 4% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 36 | 80% | 13% | 7% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 26 | 78% | 19% | 3% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Jul 2022 | 28 | 70% | 28% | 2% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 27 | 86% | 13% | 1% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 24 | 91% | 8% | 1% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 27 | 89% | 10% | 1% | 18% |
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
The company does not apply standard payment terms, but ordinarily seeks to agree payment terms of 30 days from receipt of invoice wherever possible. In the reporting period 65.9% of suppliers issuing invoices to the company and 78.9% of invoices processed (representing 89.3% of invoice value) were subject to 30 day payment terms.
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
Invoices are registered on the purchase ledger when received into the business and either matched to an approved purchase order or issued to the relevant cost centre for review and approval. If any issues / queries are identified from this review, then the cost centre owner will update the finance function and the dispute will be notified to the supplier's sales ledger / credit control function and (if necessary) the dispute resolution process outlined in the relevant supply contract will be invoked.
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
WESCOT CREDIT SERVICES LIMITED is a UK-based company that provides credit management and debt collection services to businesses and individuals. Established in 1973, the company has a strong reputation in the industry and is known for its ethical and responsible approach to debt collection.
One of the key activities of WESCOT CREDIT SERVICES LIMITED is managing the credit and debt accounts of its clients. This includes providing credit reports, managing payment plans, and collecting overdue payments. The company uses advanced technology and data analytics to ensure efficient and effective management of its clients' accounts.
WESCOT CREDIT SERVICES LIMITED also has a strong focus on sustainability and responsible business practices. The company has a sustainability program in place that aims to minimize its impact on the environment and promote social responsibility. This includes initiatives such as reducing paper usage, promoting recycling, and supporting local charities.
In terms of products and services, WESCOT CREDIT SERVICES LIMITED offers a range of solutions to help businesses and individuals manage their credit and debt. This includes credit risk assessment, credit management training, and debt collection services. The company also offers tailored solutions for specific industries such as utilities, financial services, and telecommunications.
The key people at WESCOT CREDIT SERVICES LIMITED include the Chief Executive Officer, Peter Davies, and the Managing Director, Phil Bowker. Both have extensive experience in the credit management industry and are committed to upholding the company's values of professionalism, integrity, and fairness.
For more information about WESCOT CREDIT SERVICES LIMITED and its services, individuals and businesses can visit their website at www.wescot.co.uk. The company's registered office address is at Heritage House, 1st Floor, 9b Cricketers Way, Basildon, Essex, SS13 1ST.
