OVO (S) HOME SERVICES LIMITED
Company Information
- Company Number
- SC292102
- Registered Address
- Cadworks, 41 West Campbell Street, Glasgow, Scotland, G2 6SE
- Status
- Dissolved
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 October 2005
- Nature of Business
- 43210 - Electrical installation
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
OVO (S) HOME SERVICES LIMITED exhibits an average payment time of 34 days, consistently settling invoices slightly beyond typical 30-day terms. A substantial 67% of payments fall within the 31-60 day window, indicating a clear trajectory towards extended payment cycles rather than prompt settlement.
Volatility Analysis
The 30% late payment rate introduces a notable element of unpredictability regarding timely settlement for suppliers, though the vast majority of invoices are resolved within 60 days. With only 1% of payments exceeding 60 days, extreme payment delays are rare, but the overall reliability for strict 30-day terms is low.
Summary Analysis
Suppliers should anticipate payments from OVO (S) HOME SERVICES LIMITED primarily within the 31-60 day range, factoring in a 30% likelihood of payment being late. To mitigate risk, consider negotiating 60-day payment terms upfront or establishing adequate cash flow buffers to absorb their consistent payment patterns.
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 Apr 2021 - 31 Dec 2021 | 26 Jan 2022 | 4 | 100% | 0% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 13 Jul 2021 | 40 | 54% | 44% | 2% | 41% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Jul 2021 | 34 | 32% | 67% | 1% | 30% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 40 | 18% | 82% | 0% | 28% |
| 01 Jan 2019 - 30 Sept 2019 | 29 Oct 2019 | 43 | 25% | 74% | 1% | 31% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 59 | 4% | 84% | 12% | 17% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 58 | 4% | 90% | 6% | 10% |
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
Our standard payment terms are 30 days after receipt of invoice. We hold individual agreements with some of our suppliers for differing terms ranging from immediate to the standard 30 days, and also direct debit payments.
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
30
Dispute Resolution Process
The Company has a dedicated accounts payable team, which can be reached by Email or Phone. Suppliers with invoice queries need to contact this team, and if the accounts payables ream is not able to resolve they escalate the issue to the buyer associated with the invoice. Disputes are handled by a combination of the accounts payable team and the buyer’s department who placed the order, and will be escalated to senior management if it cannot be resolved satisfactorily.
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
OVO (S) HOME SERVICES LIMITED was a private limited company that specialised in providing services for residential properties. Its company name clearly indicated a focus on delivering various solutions directly to homes.
The company, registered with company number SC292102, was incorporated on 21 October 2005. Its registered office was located at Cadworks, 41 West Campbell Street, Glasgow, Scotland, G2 6SE. OVO (S) HOME SERVICES LIMITED is currently dissolved.
Typically, businesses operating in the home services sector in the UK market offer a range of provisions for homeowners. These commonly include maintenance and repair work, installations, cleaning services, or property improvement projects for domestic residences.
