| 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 | 24 | 70% | 24% | 6% | 34% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 18 | 86% | 11% | 3% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 17 | 79% | 16% | 5% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 20 | 80% | 15% | 5% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 19 | 79% | 16% | 5% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 21 | 78% | 16% | 6% | 26% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 20 | 71% | 24% | 5% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 20 | 74% | 20% | 6% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 19 | 83% | 13% | 3% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 22 | 79% | 14% | 7% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 21 | 81% | 14% | 5% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 20 | 73% | 22% | 5% | 38% |
This information is as reported by the business, and responses are in their own words.
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
30
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.
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.
❌
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
Draefern Limited is registered as a temporary employment agency and trades as Gi Group in the UK. Gi Group provides temporary and permanent staffing, recruitment process outsourcing, managed service provision, professional staffing, training and international mobility services to employers, alongside job search support for candidates. It covers sectors including automotive, logistics, warehouse, hospitality, education, energy, facilities management, food production and the public sector. Gi Group is part of Gi Group Holding, described as a global provider of labour market services operating through several complementary brands. The UK entity operates as part of this wider international staffing group rather than as an independent standalone business.
Generated from the company's website and Companies House records. Sources: gigroupuk.com · gigroupuk.com