Industry ranking
Score of 98.6/100 qualifies for PaymentCheck Certification
The data for Spring Technology Staffing Services Limited shows a consistent trend of paying invoices on time, with an average time to pay of 1 day for the first three periods and 3 days for the following two periods. However, there is a slight increase in the average time to pay in the last three periods, with an average of 3 days, indicating a potential delay in payments.
The volatility of the data for Spring Technology Staffing Services Limited is relatively low, with a consistent average time to pay of 1 or 3 days. This indicates that the company has a stable payment system in place and is consistent in paying invoices within the agreed terms.
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 4 | 99% | 0% | 1% | 2% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 5 | 99% | 0% | 1% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 04 Feb 2025 | 5 | 100% | 0% | 0% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 11 Aug 2024 | 5 | 99% | 0% | 1% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 8 | 87% | 11% | 2% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 3 | 95% | 5% | 1% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 4 | 95% | 4% | 1% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 2 | 97% | 2% | 1% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 1 | 98% | 1% | 1% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 3 | 97% | 1% | 2% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 2 | 99% | 1% | 0% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 3 | 97% | 1% | 2% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 1 | 99% | 1% | 0% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 0 | 100% | 0% | 0% | 4% |
| 01 Jul 2018 - 30 Dec 2018 | 22 Jan 2019 | 1 | 100% | 0% | 0% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Jul 2018 | 1 | 100% | 0% | 0% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Utilise 60 days payment terms as standard
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
All disputes are handled by our Accounts Payable department. Any escalation after 24 hours are managed by the Team Leader. After 48 Hours are managed by The manager After 72 hours the Head of Department will engage to resolve
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
SPRING TECHNOLOGY STAFFING SERVICES LIMITED is an active private limited company, incorporated on 19 June 1985, based in the London region. Registered business activity: Temporary employment agency activities.
From Companies House records.