GARIC LIMITED
Company Information
- Company Number
- 02220727
- Registered Address
- 3rd Floor Walker House, Exchange Flags, Liverpool, United Kingdom, L2 3YL
- Status
- Active
- Employee Count
- 271
- Turnover
- £42,789,000
- EBITDA
- £11,137,000
Additional Details
- Website
- https://garic.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 12 February 1988
- Nature of Business
- 25990 - Manufacture of other fabricated metal products not elsewhere classified77320 - Renting and leasing of construction and civil engineering machinery and equipment
- Industries
- Manufacturing, Supply Chain, Manufacturing And Commerce Models
- Region
- North West
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 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 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% |
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
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
Dispute Resolution Process
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
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
GARIC LIMITED is a leading company in the construction, infrastructure, and industrial sectors. They specialize in providing high-quality temporary site accommodation, storage, and welfare solutions. The company is committed to sustainability and has a strong sustainability program in place.
Their sustainability program focuses on reducing their carbon footprint, promoting eco-friendly practices, and using sustainable materials in their products and services. They also work closely with their suppliers to ensure that their products are ethically sourced and environmentally friendly.
GARIC LIMITED offers a wide range of products and services including modular buildings, welfare units, storage containers, and plant equipment. These products are designed to meet the needs of their clients and are built to the highest standards of quality and safety.
The key people at GARIC LIMITED include the Managing Director, Mark Davenport, and the Operations Director, Nick Cooper. They are supported by a team of experienced professionals who are dedicated to providing excellent customer service and delivering sustainable solutions.
For more information on GARIC LIMITED and their products and services, you can visit their website at www.garic.co.uk. Their registered office address is Unit 1, Pinfold Road, Thurmaston, Leicester, LE4 8AS. You can also contact them via phone at 0116 254 1600 or email at info@garic.co.uk.
