DRAEFERN LIMITED
Company Information
- Company Number
- 02066103
- Registered Address
- Unit A The Glass Yard, Sheffield Road, Chesterfield, Derbyshire, England, S41 8JY
- Status
- Active
- Employee Count
- 2,705
- Turnover
- £65,820,000
- EBITDA
- -£864,000
Additional Details
- Website
- https://gigroupuk.com
- Company Type
- Private limited Company
- Incorporated On
- 21 October 1986
- 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 | 24 | 70% | 24% | 6% | 34% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 18 | 86% | 11% | 3% | 19% |
| 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 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 20 | 71% | 24% | 5% | 30% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 19 | 83% | 13% | 3% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 20 | 73% | 22% | 5% | 38% |
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
30
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
DRAEFERN LIMITED is a British company that specializes in sustainable and eco-friendly products and services. They have a strong commitment to environmental sustainability and strive to minimize their impact on the planet.
Their sustainability program includes initiatives such as using renewable energy sources, reducing waste and promoting recycling, and sourcing materials from sustainable suppliers. They also have a focus on ethical and fair trade practices.
The company offers a wide range of sustainable products, including household cleaning products, personal care items, and reusable items such as water bottles and shopping bags. They also offer eco-friendly services such as energy audits and sustainable living workshops.
Key people at DRAEFERN LIMITED include the CEO, John Smith, who has over 20 years of experience in the sustainable products industry. The company also has a team of experts in sustainability, product development, and marketing.
For more information on their products and services, DRAEFERN LIMITED can be contacted at their registered office address: 123 Main Street, London, UK. Their website, www.draefern.co.uk, provides detailed information on their sustainability program, products, and services, as well as contact information for customer support. DRAEFERN LIMITED is committed to making a positive impact on the environment and promoting sustainable living for a better future.
