GI SOLUTIONS GROUP LIMITED
Company number: 02734835
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
28 January 2026
Approved by:
Caroline Shephard
Payment statistics
Average time taken to pay invoices: 43 days
Total value paid:
- within 30 days: £20,184,225 (56%)
- in 31 to 60 days: £6,388,618 (18%)
- in 61 days or more: £9,635,482 (27%)
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 18%
- in 61 days or more: 27%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £4,344,999
- payments due in the reporting period which have not been paid within the agreed period: 12%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 days
Standard payment terms
GI Solutions standard payment terms are 60 days end of month from invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
Reasons for GI Solutions not being able to pay based on agreed terms include receiving late or non-compliant invoices, invoices that are in dispute, and our practices to consolidate payments into batches of an efficient size on a weekly payment run or monthly-preferred terms.
GI Solutions also continues to promote its mature Procurement Card program which was established to ensure an efficient and timely payment process for suppliers.
Dispute resolution process
At GI Solutions, we aim to resolve disputes or queries regarding invoices and payment as quickly as possible. Should a supplier have an invoice query they can contact Go Inspire Accounts Payable.
If the Go Inspire Accounts Payable team cannot resolve the query, they will escalate the issue with the internal stakeholders, to investigate why the invoice has not been approved for payment and work to resolve.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: PPN 018/25 – Procurement Policy Note
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No