CITY FACILITIES MANAGEMENT UK LIMITED
Company Information
- Company Number
- SC092623
- Registered Address
- Caledonia House, Lawmoor Street, Glasgow, G5 0US
- Status
- Active
- Employee Count
- 2007.0
- Turnover
- 121518000.0
- EBITDA
- 994000.0
Additional Details
- Website
- https://city-holdings.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 4 April 1985
- Nature of Business
- 81100 - Combined facilities support activities
- Industries
- Property,Infrastructure And Construction
- Region
- West of Scotland
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 79 | 12% | 34% | 54% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 51 | 29% | 39% | 32% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 49 | 31% | 42% | 27% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 50 | 42% | 42% | 16% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 47 | 27% | 58% | 15% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 40 | 51% | 32% | 17% | 29% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 42 | 44% | 36% | 20% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 45 | 33% | 48% | 19% | 29% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 52 | 11% | 66% | 23% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 43 | 39% | 47% | 14% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 53 | 19% | 52% | 28% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 57 | 14% | 60% | 26% | 36% |
Company Summary
CITY FACILITIES MANAGEMENT (UK) LIMITED is a leading facilities management company in the UK
They offer a wide range of services including cleaning, maintenance, security, and energy management for commercial and public sector buildings
Their sustainability program is a key focus for the company, with a commitment to reducing their environmental impact and promoting sustainable practices
They have implemented energy-saving measures, waste reduction initiatives, and use environmentally-friendly products in their services
Some of their notable services include HVAC maintenance, security systems installation, and cleaning using eco-friendly products
They also offer energy audits and consultancy services to help clients reduce their carbon footprint and save on energy costs
The company is led by a team of experienced professionals, including CEO Paul McCarter, who has over 25 years of experience in the facilities management industry
They are dedicated to providing high-quality services and promoting sustainability in their operations
For more information on their services and sustainability efforts, interested parties can visit their website at www.cityfm.com
Their registered office address is 1 Lampton Road, Hounslow, Middlesex, TW3 1HY
CITY FACILITIES MANAGEMENT (UK) LIMITED is committed to providing sustainable and efficient solutions for their clients' facilities management needs
Company Review
Trend Analysis
The average time for CITY FACILITIES MANAGEMENT (UK) LIMITED to pay invoices has fluctuated over the past three years. It started at 57 days in 2018 and decreased to 43 days in 2019, but then increased again to 52 days in 2020. In 2021, it decreased once again to 47 days and has remained relatively stable since then.
Volatility Analysis
The volatility of the time it takes for CITY FACILITIES MANAGEMENT (UK) LIMITED to pay invoices is evident in the varying percentages of invoices paid within different time frames. While the percentage of invoices paid within 30 days has remained relatively consistent at around 30%, there have been significant changes in the percentages of invoices paid between 31-60 days and later than 60 days. This indicates fluctuations in the company's payment practices and potentially its financial stability.
Summary Analysis
Between 2020 and 2023, there have been significant improvements in CITY FACILITIES MANAGEMENT (UK) LIMITED's payment practices. The average time to pay has decreased from 52 days to 51 days, and the percentage of invoices paid within 30 days has increased from 11% to 29%. Additionally, there has been a decrease in the percentage of invoices paid later than 60 days from 54% to 32%. However, the company still struggles with paying invoices within agreed terms, with 43% of invoices not being paid within the agreed timeframe.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are to pay undisputed invoices for supply of pre planned services 30-60 days from the end of the month of invoice receipt and to pay undisputed invoices for supply of goods and reactive services 60 days from the end of the month of invoice receipt. We also operate shorter payment terms for a small number of labour only suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
In the first instance, any queries regarding payment of invoices should be directed to the Accounts Payable Team. We will always endeavour to give legitimate and complete explanations for delayed payment and indicate what action the supplier needs to complete in order to expedite settlement. In common with all businesses, we carry out a full range of checks on all invoices against a number of criteria to ensure that the invoice is valid and correct and therefore deserves to be paid within terms as an undisputed invoice. If an invoice fails to pass all criteria we will advise the supplier as soon as possible, explain the nature of the error/query/failure and explain the corrective action that is needed to bring the invoice to undisputed status and allow payment to proceed in a timely manner. If a supplier feels that they cannot resolve the issue with the relevant Accounts Payable Team and needs to engage with a more senior representative, then CFM (UK) Ltd offers a series of escalation contact points that can be used.
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.
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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
