G4S CASH SOLUTIONS (UK) LIMITED
Company number: 00354883
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
25 January 2021
Approved by:
Jodie France
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 27%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
The G4S Standard Terms and Conditions contains the details on the standard payment terms http://www.g4s.uk.com/-/media/g4s/unitedkingdom/files/terms-and-conditions/l1g4stermsconditionsofpurchaseuk.ashx If the Goods and/or Services have been supplied in accordance with the Contract, G4S shall pay the Supplier on the next G4S supplier payment date following the period of contractual days from date of invoice. The standard contractual length is subject to the terms stated in the client contract and G4S policy on SME's
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
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
N/A
Dispute resolution process
Any complaint or concern from suppliers relating to dispute can be raised to: Telephone Number 0844 6200410 or Email fsscap@uk.g4s.com We aim to try and get these raised to our ticketing system and allocated to a end user to work with the supplier within 72 Hours
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: The Prompt Payment Code
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