CEGA GROUP SERVICES LIMITED

PaymentCheck Score 2024
44Poor
#4644 in UK
#1641 in London

Company Information

Company Number
01303318
Registered Address
2 Minster Court, Mincing Lane, London, United Kingdom, EC3R 7BB
Status
Active
Employee Count
559
Turnover
£56,993,000
EBITDA
£2,457,000

Additional Details

Company Type
Private limited Company
Incorporated On
17 March 1977
Nature of Business
86900 - Other human health activities
Industries
Healthcare And Wellbeing
Region
London

Time to Pay

Average Time to Pay
45 days
Shortest Period:1 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
19%
31-60 Days
74%
After 60 Days
7%
Not Paid Within Terms53%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-03-07
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202407 Mar 20254519%74%7%53%
01 Jul 2022 - 31 Dec 202228 Feb 20234337%41%22%41%
01 Jan 2022 - 30 Jun 202228 Feb 20232971%16%13%19%
01 Jul 2021 - 31 Dec 202131 Jan 20225258%32%10%14%

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

45 days from the invoice date

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

60

Dispute Resolution Process

The dispute will be managed by the relevant budget holder. Legal advice/action would be obtained if necessary

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

CEGA GROUP SERVICES LIMITED is a leading global provider of travel risk management and assistance services. Established in 1973, the company has over 45 years of experience in delivering high-quality services to clients worldwide.

The company's core focus is to provide tailored solutions to manage and mitigate risks for travelers, expatriates, and corporate clients. This includes a 24/7 emergency assistance service, medical and security assistance, travel advice and information, and bespoke risk management solutions.

CEGA GROUP SERVICES LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes promoting eco-friendly practices, reducing waste and carbon emissions, and supporting local communities through charitable activities.

The company's key people include Karen Wood, the Chief Executive Officer, and Mark Rands, the Chief Operating Officer. They lead a team of experienced professionals who are dedicated to providing excellent services and ensuring the safety and well-being of their clients.

To further improve their services, CEGA GROUP SERVICES LIMITED has also partnered with other global assistance providers, allowing them to extend their reach and provide seamless support to their clients anywhere in the world.

The company's website address is www.cegagroup.com, where clients can access information about their services and contact details. Their registered office address is CEGA House, 41 Castle Street, Guildford, Surrey, GU1 3UQ, United Kingdom.

In summary, CEGA GROUP SERVICES LIMITED is a trusted and reliable provider of travel risk management and assistance services, with a strong commitment to sustainability. With their experienced team, global partnerships, and innovative solutions, they continue to deliver exceptional services to their clients.

Financial Metrics

Cash
£614,141
Net Worth
£11,129,444
Total Current Assets
£19,551,890
Total Current Liabilities
£8,859,153

Company Location