GALLIFORD TRY SERVICES LIMITED
Company Information
- Company Number
- 01306929
- Registered Address
- Blake House 3 Frayswater Place, Cowley, Uxbridge, Middlesex, United Kingdom, UB8 2AD
- Status
- Active
- Employee Count
- 193
- Turnover
- £19,658,000
- EBITDA
- -£13,624,000
Additional Details
- Website
- https://gallifordtry.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 5 April 1977
- Nature of Business
- 41100 - Development of building projects
- Industries
- Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for GALLIFORD TRY SERVICES LIMITED has fluctuated over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The average time to pay for GALLIFORD TRY SERVICES LIMITED has not shown significant volatility over the past three periods, with the largest change being a 4% increase in the most recent period.
Summary Analysis
In the past three periods, GALLIFORD TRY SERVICES LIMITED has shown a consistent trend of paying invoices within 30 days, with a slight decrease in the most recent period. The company has also consistently paid a low percentage of invoices between 31 and 60 days, with a slight increase in the most recent 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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 22 | 83% | 13% | 4% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 20 | 86% | 12% | 2% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 23 | 82% | 14% | 4% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 26 | 84% | 13% | 3% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 22 | 93% | 5% | 2% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 25 | 87% | 10% | 3% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 23 | 85% | 11% | 4% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 21 | 86% | 12% | 2% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 20 | 88% | 10% | 2% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 34 | 74% | 15% | 11% | 52% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 28 | 75% | 18% | 7% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 30 | 66% | 26% | 8% | 49% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 28 | 65% | 28% | 7% | 54% |
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
Purchase Ledger (supplier payments) - Payment unless stated otherwise in the Purchase Order will be made 45 days (30 days for small suppliers) after the date of a valid invoice bearing the Purchaser's Purchase Order number provided the Goods have been delivered and all requisite contract documentation submitted in accordance with the Contract prior to receipt of the said invoice. Sub-contract Ledger - Our standard payment terms are variable and between 30 and 45 days from the measured to date dependent on the subcontract agreement. Where obligated by our clients we pass down the client contract payment terms in our subcontract agreements.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The statistical information provided includes payments to both purchase ledger and sub-contract suppliers. Payments in the 6 months to 31/12/2023 for identifiable supplier companies with under 50 employees (previous 6 months in brackets): 30 Days or Less % of Total: 75% (90%) 31 to 60 Days % of Total : 18% (9%) After 60 Days % of Total : 7% (1%) Avg Days to Pay : 35 (28) During this reporting period the Company implemented a new ERP system. As predicted, this has had a negative impact on our supply chain payment performance and is expected to continue do so at least into the next DRPPP reporting period. This impact was particularly in relation to <30 day payments to smaller suppliers.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Galliford Try is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. Galliford Try has dedicated teams, based at the Shared Service Centre, for dealing with supplier queries and old invoices. The Reconciliations Team responsible for; • Formal supplier statement reconciliation, requesting copies of POD’s, invoices and credit notes where differences are identified The Calls and Supplier Debt Teams responsible for; • Working with Business units/suppliers to clear invoices on hold and aged invoices
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
Galliford Try Services Limited is a leading UK-based construction company that specializes in providing a wide range of services including building, infrastructure, and facilities management. The company operates under the umbrella of the Galliford Try Group, which has a history dating back to 1908.
The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. These include using sustainable materials, implementing energy-efficient practices, and promoting recycling and waste reduction. Galliford Try Services Limited also has a dedicated sustainability team that works towards achieving the company's sustainability goals.
In terms of products and services, Galliford Try Services Limited offers a comprehensive range of construction and maintenance services to clients in various sectors such as healthcare, education, commercial, and residential. These services include construction, refurbishment, repairs, and maintenance of buildings, as well as facilities management services such as landscaping, cleaning, and security.
The key people at Galliford Try Services Limited include Chief Executive Officer, Bill Hocking, and Chief Financial Officer, Andrew Duxbury. They are supported by a team of experienced professionals who are committed to delivering high-quality services to their clients.
The company's registered office address is located at Cowley Business Park, Cowley, Uxbridge, Middlesex, UB8 2AL, United Kingdom. Their website, www.gallifordtry.co.uk, provides more information about the company, their services, and sustainability initiatives.
In summary, Galliford Try Services Limited is a reputable construction company that is committed to sustainability and providing top-notch services to its clients. With a strong leadership team and a focus on sustainability, the company continues to thrive in the construction industry.
