G4S HEALTH SERVICES (UK) LIMITED
Company number: 05121608
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 27 July 2018
and approved by Julian Hartley
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 30%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 41%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
G4S standard payment terms to large suppliers is 60 days from the date of invoice. Standard terms for SMEs and smaller suppliers is 30 days from the date of invoice or before. G4S signed up in 2015 to the Prompt Payment Code.
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 'fssc@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