Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 | 23 Jan 2026 | 50 | 21% | 52% | 27% | 20% |
| 01 Jan 2025 - 31 Jul 2025 | 29 Jul 2025 | 40 | 39% | 36% | 25% | 20% |
| 01 Jul 2024 - 31 Dec 2024 | 22 Jan 2025 | 40 | 32% | 43% | 25% | 20% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 45 | 24% | 50% | 25% | 41% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 49 | 21% | 50% | 28% | 47% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 51 | 19% | 52% | 28% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 53 | 17% | 50% | 34% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 55 | 12% | 43% | 44% | 56% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 56 | 11% | 43% | 46% | 64% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 57 | 10% | 43% | 48% | 54% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Supplier set up form is completed using terms of 60 days from the end of the month, which are our standard AP payment terms. Set up of accounts with varying terms must be approved by the Head of Financial Services/Head of Supply Chain/Exec Board.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No
Maximum contractual payment period agreed
60
Invoices that do not contain a valid Purchase Order or a Purchase Order that has been fully utilised will be returned via email to the supplier with instructions of what steps to take next. Invoices in query will follow the following steps: 1. Missing GRN - Invoice won't be approved until the requisitioner on Sicon confirms the GRN - they have the notifications on Sicon and are emailed weekly by the AP team to request these be completed. 2. Price/Quantity discrepancy - AP email Supplier requesting CRN, within 7 days from receipt of invoice 3. Missing Carriage - AP email Procurement to confirm if the Carriage is valid and then they will add to the PO
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
Garic Limited, registered in Liverpool since 1988, supplies and hires site welfare and equipment for construction, infrastructure, utilities and public sector projects. Its offering includes static and mobile welfare units, welfare vans, toilets and showers, power generation and microgrid systems, wheel washers, fuel and water tanks, lighting towers and storage containers. The company also provides servicing, tanker and waste removal, and site planning and layout services, alongside environmental products such as noise and emissions monitoring and surface water management. Its SIC classification covers manufacture of fabricated metal products and renting of construction and civil engineering machinery, reflecting both the making and hiring out of site equipment used across infrastructure and construction sites.
Generated from the company's website and Companies House records. Sources: garic.co.uk · garic.co.uk