SP GROUP LIMITED
Company Information
- Company Number
- 01240968
- Registered Address
- C/O Duff& Phelps Ltd, 35 Newhall Street, Birmingham, B3 3PU
- Status
- Dissolved
- Employee Count
- 732
- Turnover
- £66,318,000
- EBITDA
- -£4,381,000
Additional Details
- Website
- https://spgroup.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 19 January 1976
- Nature of Business
- 18129 - Printing not elsewhere classified
- Industries
- Manufacturing
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for SP GROUP LIMITED has been decreasing over the three periods, from 70 days in the first period to 65 days in the third period. This indicates a positive trend towards faster payment to suppliers.
Volatility Analysis
The percentage of invoices paid within 30 days has increased from 13% in the first period to 25% in the third period, indicating a decrease in volatility in this category. However, the percentage of invoices paid later than 60 days has remained relatively stable, ranging from 56% to 61% over the three periods.
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 |
|---|---|---|---|---|---|---|
| 29 Jul 2017 - 02 Feb 2018 | 28 Feb 2018 | 70 | 13% | 27% | 61% | 53% |
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
SP Group's standard payment terms are 93 days from the end of the month of the invoice date. For certain suppliers, e.g. regulatory bodies, one-off suppliers, or suppliers below a certain level of expenditure, payment terms can be less than the standard terms. Payment terms are notified to suppliers as part of the on boarding process which involves the completion of a standard new supplier form, with parts completed by the supplier and the relevant procurement contact. The supplier form is submitted to the accounts payable team, in accordance with the delegated authorities, to upload details in the system. Any subsequent changes to terms are discussed between the procurement contact and the supplier and notified to the accounts payable team.
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
127
Dispute Resolution Process
A discrepancy dashboard is created weekly by the accounts payable team and queried with the appropriate internal contact. The responses received are actioned weekly. If there is no resolution then it is escalated to the Financial Controller. The accounts payable team send out a monthly report to Suppliers to advise them of invoices that are in query. Communications from suppliers about invoices in dispute are investigated by the accounts payable team and, if required, are escalated to the relevant contact to address.
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.
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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?
❌
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
SP Group Limited is a leading energy company based in Singapore. They offer a wide range of products and services in the energy sector, while also placing a strong emphasis on sustainability.
The company's sustainability program focuses on reducing their carbon footprint, promoting renewable energy sources, and implementing energy efficient practices in their operations. They have also launched several initiatives to educate and engage their customers in sustainable practices.
SP Group Limited provides a variety of services, including electricity and gas supply, energy efficiency solutions, and renewable energy options such as solar panels. They also offer digital services such as smart meters and mobile apps for efficient energy management.
The company is led by a team of experienced and dedicated individuals, with Mr. Wong Kim Yin serving as the Group CEO. Their commitment to sustainability and innovation has earned them various awards and recognition.
For more information on SP Group Limited and their products and services, you can visit their website at www.spgroup.com.sg. Their registered office address is 2 Kallang Sector, Singapore 349277. Overall, SP Group Limited is a dynamic and socially responsible company, striving to provide sustainable energy solutions to their customers.
