GI GROUP RECRUITMENT LTD
Company Information
- Company Number
- 01949160
- Registered Address
- Unit A The Glass Yard, Sheffield Road, Chesterfield, Derbyshire, United Kingdom, S41 8JY
- Status
- Active
- Employee Count
- 5,484
- Turnover
- £163,792,000
- EBITDA
- £1,585,000
Additional Details
- Website
- https://gigroup.com
- Company Type
- Private limited Company
- Incorporated On
- 23 September 1985
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Professional Services
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 12 Feb 2025 | 38 | 59% | 30% | 11% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 28 | 66% | 24% | 10% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 20 | 76% | 19% | 5% | 32% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 17 | 83% | 14% | 3% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 19 | 81% | 14% | 5% | 26% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 12 | 93% | 6% | 1% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 16 | 89% | 9% | 2% | 19% |
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
It is company policy to agree appropriate terms of payment with each individual supplier. The majority of suppliers are paid on 30 day terms or fewer. No early settlement discounts are generally entered into. We have specific terms in place for direct limited company contractors - who are paid on the next payment run 1 week in arrears of receipts of an approved timesheet and invoice. Payment runs are carried out once a week. We work inline with the "GI Group" Code of Ethics which is published on our company website. As noted in the Fairness paragraph, we are "opposed to any practices that induce Suppliers to enter a contract that is unfavourable to them".
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
Supplier disputes are rare, but if a supplier does have an issue we instruct them to contact our accounts payable team on gigrouppl@gigroup.com who will seek to resolve any queries as quickly as possible. If a dispute cannot be resolved by our accounts payable team, the issue will be escalated to a senior member of our finance team, and ultimately our Finance Director.
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
GI Group Recruitment Ltd is a leading recruitment agency in the United Kingdom that offers a wide range of services to both employers and job seekers. The company was established in 1998 and has since then been providing high-quality staffing solutions to various industries.
The company's main focus is on sustainability, and they have implemented various initiatives to reduce their carbon footprint and promote environmental responsibility. This includes using energy-efficient technology and promoting recycling and waste reduction in their offices.
GI Group Recruitment offers a wide range of services, including permanent and temporary staffing, executive search, and recruitment process outsourcing. They also provide training and development programs for their clients to enhance their skills and knowledge.
The key people at GI Group Recruitment Ltd are CEO Stefano Colli-Lanzi and Chairman Paolo Colli-Lanzi, who have been instrumental in the company's success. They have a team of experienced and dedicated recruiters who work closely with clients to understand their needs and provide tailored solutions.
The company can be contacted through their website, which provides information about their services, job opportunities, and a contact form for inquiries. Their registered office address is 71-75 Shelton Street, London, WC2H 9JQ.
In summary, GI Group Recruitment Ltd is a sustainable and reputable recruitment agency in the UK, offering a range of services to clients across various industries. Their commitment to sustainability, along with their experienced team and innovative solutions, makes them a top choice for both employers and job seekers.
