The average payment time for GAP GROUP LIMITED is 70 days, indicating a consistent trend of slow payments well beyond standard terms. A significant 55% of payments occur over 60 days, with only 6% settling within 30 days, reinforcing this pattern. This trajectory suggests suppliers should anticipate extended payment cycles as the norm rather than an exception.
While the high percentage of payments over 60 days (55%) suggests a somewhat predictable slowness, the 27% late payment rate introduces considerable unreliability for suppliers. This indicates a clear risk of payments not only being extended but also failing to meet agreed-upon deadlines. The combination of slow average payment and frequent late payments poses a notable working capital risk.
Suppliers should exercise caution when engaging with GAP GROUP LIMITED, factoring in an average 70-day payment cycle and a significant risk of late payments. Key decision factors include the supplier's own cash flow resilience and ability to manage extended payment terms. Mitigation strategies could involve negotiating stricter terms, requesting upfront deposits, or implementing dynamic discounting for earlier payment.
| 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 Oct 2025 - 31 Mar 2026 | 27 Apr 2026 | 69 | 10% | 44% | 46% | 25% |
| 01 Apr 2025 - 30 Sept 2025 | 02 Oct 2025 | 71 | 7% | 39% | 54% | 28% |
| 01 Oct 2024 - 31 Mar 2025 | 23 Apr 2025 | 70 | 6% | 39% | 55% | 27% |
| 01 Apr 2024 - 30 Sept 2024 | 07 Oct 2024 | 65 | 7% | 45% | 48% | 18% |
| 01 Oct 2023 - 31 Mar 2024 | 17 Apr 2024 | 63 | 13% | 44% | 43% | 19% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 71 | 12% | 42% | 46% | 15% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 71 | 10% | 37% | 54% | 23% |
| 01 Jul 2022 - 30 Sept 2022 | 17 Oct 2022 | 69 | 8% | 35% | 57% | 24% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 73 | 8% | 33% | 59% | 29% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 78 | 8% | 31% | 61% | 32% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 75 | 8% | 31% | 61% | 36% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Nov 2020 | 73 | 5% | 33% | 62% | 31% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 68 | 7% | 39% | 54% | 16% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 66 | 6% | 40% | 54% | 16% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 70 | 5% | 35% | 60% | 60% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 70 | 5% | 35% | 59% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms vary depending on the terms agreed between the supplier and our Procurement Department. The majority of our large value suppliers provide 60 or 90 day payment terms.
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
90
Supplier invoices and payments are managed by the Accounts Payable team at Citypoint 2, 25 Tyndrum Street, Glasgow, G4 0JY. The Accounts Payable team notify any significant variations from PO value to the individual that raised the PO. If the value is disputed it is their responsibility to contact the supplier and resolve the dispute. Invoiced items that are subject to dispute are not approved for payment until the dispute has been resolved.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
GAP Group, trading as GAP Hire Solutions, is the UK's largest independent hire company. Established in 1969 in Scotland and renamed GAP Group in 1999, it remains family owned and operates almost 200 depots nationwide, including Jersey, Guernsey and the Isle of Man. The company hires out plant, tools, lifting equipment, non-mechanical products, trenching and shoring gear, survey and safety kit, welfare units, tanker, pump and power generation equipment, and event services to construction and other sectors. It operates across ten specialist divisions, providing equipment delivery via its own vehicle fleet, and supports major infrastructure and events projects such as the Glasgow 2026 Commonwealth Games and Sellafield nuclear site works.
Generated from the company's website and Companies House records. Sources: gap-group.co.uk · gap-group.co.uk