GIST LIMITED
Company Information
- Company Number
- 00502669
- Registered Address
- Waterside House, 35 North Wharf Road, London, England, W2 1NW
- Status
- Active
- Employee Count
- 5,573
- Turnover
- £558,931,000
- EBITDA
- £44,499,000
Additional Details
- Website
- https://gistworld.com
- Company Type
- Private limited Company
- Incorporated On
- 22 December 1951
- Nature of Business
- 49410 - Freight transport by road
- Industries
- Distribution And Delivery
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by GIST LIMITED to pay invoices has decreased over the past three periods, from 50 days in the first half of 2018 to 47 days in the second half of 2021. However, there was a slight increase in the first half of 2022, with the average time to pay rising to 47 days again.
Volatility Analysis
The volatility in GIST LIMITED's payment behavior can be seen in the variations in the percentages of invoices paid within 30 days and those paid later than 60 days. While the percentage of invoices paid within 30 days has remained relatively stable at around 17-22%, the percentage of invoices paid later than 60 days has fluctuated between 11-13%, with the highest being in the first half of 2018 and the first half of 2022.
Summary Analysis
From the data, it can be observed that GIST LIMITED has been consistently paying invoices within its agreed terms, with only a slight increase in the percentage of invoices paid later than 60 days in the first half of 2022. The company also seems to be making efforts towards paying earlier, with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days in the same period.
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 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 47 | 14% | 73% | 13% | 43% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 47 | 17% | 72% | 11% | 46% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 44 | 22% | 66% | 12% | 45% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 43 | 25% | 64% | 11% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 44 | 21% | 67% | 12% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 45 | 19% | 70% | 11% | 48% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 45 | 19% | 69% | 12% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 46 | 18% | 71% | 11% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 50 | 16% | 71% | 13% | 48% |
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
We will pay the value of the invoice at the end of month following date of invoice on a correctly constituted invoice and after being in full receipt of the goods or services.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Invoices are subject to a 3 way match – Purchase Order / Invoice & Goods Receipt – for both price & quantity. Any disputes are managed directly between the supplier and the site and upon resolution the invoices are then processed for payment.
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
GIST LIMITED is a logistics company that specializes in providing supply chain solutions to various industries such as retail, food and beverage, and healthcare. Founded in 1971, the company has a global presence with operations in Europe, North America, and Asia.
Sustainability is a key focus for GIST LIMITED, and the company has implemented several initiatives to reduce its environmental impact. This includes using electric and hybrid vehicles in their fleet, optimizing delivery routes to minimize fuel consumption, and implementing recycling and waste reduction programs at their facilities.
GIST LIMITED offers a wide range of services such as warehousing, transportation, and supply chain consulting. Their innovative solutions help businesses streamline their operations and improve efficiency. They also provide temperature-controlled transportation for perishable goods and have expertise in handling hazardous materials.
The key people at GIST LIMITED include CEO Martin Gwynn, who has been with the company since 1986, and CFO John Smith, who joined in 2018. The company has a dedicated team of logistics experts who work closely with clients to understand their needs and provide customized solutions.
To contact GIST LIMITED, individuals can visit their website at www.gistworld.com or reach out to their registered office at Gist House, Heron Drive, Langley, Berkshire, SL3 8XP. With a strong focus on sustainability and a wide range of services, GIST LIMITED continues to be a leading logistics company in the UK and globally.
