CITY FACILITIES MANAGEMENT LIMITED
Company Information
- Company Number
- SC287679
- Registered Address
- Caledonia House, 2 Lawmoor Street, Glasgow, Strathclyde, G5 0US
- Status
- Active
- Employee Count
- 758.0
- Turnover
- 111690000.0
- EBITDA
- 1562000.0
Additional Details
- Website
- https://cityfm.com
- Company Type
- Private limited Company
- Incorporated On
- 20 July 2005
- 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 | 01 Feb 2024 | 61 | 17% | 36% | 47% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 59 | 12% | 34% | 54% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 57 | 15% | 35% | 50% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 57 | 14% | 35% | 50% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 55 | 10% | 26% | 63% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 63 | 11% | 27% | 62% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 61 | 16% | 32% | 52% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 51 | 31% | 25% | 44% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 49 | 33% | 29% | 38% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 45 | 25% | 61% | 14% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 44 | 28% | 64% | 8% | 23% |
Company Summary
CITY FACILITIES MANAGEMENT LIMITED is a UK-based company that specializes in providing facilities management services, with a focus on sustainability
Their services include maintenance, repair, and management of buildings, as well as cleaning, security, and energy management
The company's sustainability program is centered around reducing their carbon footprint and promoting environmentally friendly practices
This includes using renewable energy sources, implementing waste reduction strategies, and promoting sustainable procurement practices
CITY FACILITIES MANAGEMENT LIMITED offers a wide range of products and services to meet the needs of their clients
They provide bespoke solutions for each project, ensuring that their services are tailored to the specific requirements of their clients
Their team of experts is dedicated to delivering high-quality services that are efficient, cost-effective, and sustainable
The key people at CITY FACILITIES MANAGEMENT LIMITED include Managing Director, Mark Whitehead, and Operations Director, Barry McNeill
They are supported by a team of experienced professionals who are committed to delivering excellence in facilities management services
To learn more about CITY FACILITIES MANAGEMENT LIMITED and their services, interested individuals can visit their website at www.cityfm.com
Their registered office address is located at 10 Queen Street Place, London, EC4R 1BE, United Kingdom
Customers can also contact the company via email at info@cityfm.com or by phone at +44 (0) 20 7292 5000
Company Review
Trend Analysis
The average time for CITY FACILITIES MANAGEMENT LIMITED to pay invoices has been increasing over the past three periods, going from 44 days in the first period to 61 days in the most recent period. This indicates a negative trend, as the company is taking longer to pay invoices.
Volatility Analysis
The company's volatility in terms of invoice payment has also been increasing. In the first period, the company paid 64% of invoices between 31 and 60 days, but in the most recent period, this number has increased to 63%. This indicates that the company's payment behavior is becoming more inconsistent and unpredictable.
Summary Analysis
From July 2018 to December 2023, CITY FACILITIES MANAGEMENT LIMITED has shown a negative trend in their average time to pay invoices, with an increase of 17 days. The percentage of invoices paid within 30 days has decreased from 28% to 11%, while the percentage of invoices paid between 31 and 60 days has increased from 64% to 62%. The percentage of invoices paid later than 60 days has also increased from 8% to 63%. This indicates that the company is taking longer to pay invoices and has a higher number of overdue invoices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
City FM Ltd standard payment terms are 30 days from month end following receipt of invoice with the exception of some contracts which specify 60 days.
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
91
Dispute Resolution Process
City FM Ltd aim to resolve disputes in line with generally accepted industry practices.
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