G4S SECURE SOLUTIONS UK LIMITED
Company Details
Registration Number
01046019
Registered Address
6th Floor 50 Broadway London England SW1H 0DB
Company Status
Active
Employee Count
12624
Turnover
£431,491,000
EBITDA
£6,966,000
Company Location
Financial Overview
£1,206,000
£67,787,000
Last Reporting Period
Filed
22 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
34 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
25%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 34 | 53% | 42% | 5% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 36 | 48% | 43% | 9% | 45% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 41 | 46% | 34% | 20% | 44% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 37 | 44% | 48% | 8% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 37 | 47% | 41% | 12% | 39% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 40 | 44% | 33% | 23% | 50% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 36 | 48% | 38% | 14% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 40 | 57% | 34% | 9% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 36 | 48% | 43% | 9% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 37 | 47% | 41% | 12% | 64% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jan 2019 | 34 | 55% | 36% | 9% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 32 | 56% | 38% | 6% | 37% |
Company Summary
G4S Secure Solutions (UK) Limited is a leading security solutions provider that offers a wide range of services to businesses, governments, and individuals in the United Kingdom
They specialize in providing security services such as manned guarding, electronic solutions, and risk consulting
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact and promote social responsibility
They have a sustainability program in place that focuses on reducing their carbon footprint, promoting diversity and inclusion, and supporting local communities
G4S Secure Solutions (UK) Limited offers a comprehensive range of products and services to meet the security needs of their clients
These include security personnel, CCTV and access control systems, cash management solutions, and risk management consulting
The company is led by a team of experienced and dedicated individuals, including their managing director, John Whitwam, and their director of corporate social responsibility, Karen Griffin
For more information on their services and sustainability efforts, interested parties can visit their website at www.g4s.com/uk or contact them at their registered office address located at 105 Victoria Street, London SW1E 6QT, United Kingdom
Company Review
Trend Analysis
The average time taken for G4S SECURE SOLUTIONS (UK) LIMITED to pay invoices has increased from 2018 to 2023, with a slight dip in 2020. The percentage of invoices paid within 30 days has fluctuated but has generally decreased over the years. The percentage of invoices paid between 31 and 60 days has also fluctuated, but has remained relatively consistent. The percentage of invoices paid later than 60 days has increased from 2018 to 2023, with a significant spike in 2021. The percentage of invoices not paid within agreed terms has also increased over the years, with a peak in 2021.
Volatility Analysis
The data for G4S SECURE SOLUTIONS (UK) LIMITED shows a moderate level of volatility, with fluctuations in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. The percentage of invoices not paid within agreed terms shows a higher level of volatility, with larger spikes in certain periods.
Summary Analysis
The data for G4S SECURE SOLUTIONS (UK) LIMITED from 2018 to 2023 shows a gradual increase in the average time taken to pay invoices, with a dip in 2020. The percentage of invoices paid within 30 days has decreased over the years, with a spike in 2021. The percentage of invoices paid between 31 and 60 days has remained relatively consistent. The percentage of invoices paid later than 60 days has increased over the years, with a significant spike in 2021. The percentage of invoices not paid within agreed terms has also increased, with a peak in 2021.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
G4S standard payment terms to large suppliers is 60 days from the date of invoice receipt. Standard terms for SMEs and smaller suppliers is 30 days from the date of invoice receipt or before.
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
90
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?
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?
❌
