Score of 80.8/100 qualifies for PaymentCheck Certification
The trend for GPS (GREAT BRITAIN) LIMITED shows a fluctuating pattern in terms of the average time taken to pay invoices. In the first three periods, there was a gradual decrease in the average time to pay, with the lowest average of 16 days in the fourth period. However, in the fifth period, there was an increase to 19 days, followed by a decrease to 17 days in the sixth period. The trend then shows an increase to 18 days in the seventh and eighth periods, followed by a significant jump to 22 days in the ninth period. The trend then shows a decrease to 16 days in the tenth period, followed by an increase to 20 days in the eleventh period.
The volatility of GPS (GREAT BRITAIN) LIMITED's invoice payment process can be seen in the fluctuating percentage of invoices paid within 30 days. In the first period, 69% of invoices were paid within 30 days, which increased to 76% in the second period. However, there was a decrease to 76% in the third period, followed by a significant increase to 80% in the fourth period. The volatility can also be seen in the percentage of invoices paid later than 60 days, which remained consistently low at 1% in the first four periods, but then showed a fluctuation between 1% and 7% in the remaining periods.
Between Feb 2018 and Jul 2021, there was a gradual decrease in the average time taken for GPS (GREAT BRITAIN) LIMITED to pay invoices from 19 days to 18 days. However, in the most recent period (Jan 2022 - Jul 2023), there was a significant increase to 20 days.
| 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 |
|---|---|---|---|---|---|---|
| 04 Aug 2024 - 01 Feb 2025 | 21 Feb 2025 | 21 | 58% | 42% | 0% | 0% |
| 30 Jul 2023 - 03 Feb 2024 | 23 Feb 2024 | 23 | 71% | 25% | 4% | 6% |
| 29 Jan 2023 - 29 Jul 2023 | 30 Aug 2023 | 20 | 80% | 13% | 7% | 12% |
| 31 Jul 2022 - 28 Jan 2023 | 16 Feb 2023 | 16 | 80% | 18% | 1% | 4% |
| 30 Jan 2022 - 30 Jul 2022 | 03 Aug 2022 | 22 | 68% | 31% | 1% | 2% |
| 01 Aug 2021 - 29 Jan 2022 | 04 Feb 2022 | 18 | 75% | 22% | 3% | 8% |
| 31 Jan 2021 - 31 Jul 2021 | 24 Aug 2021 | 18 | 75% | 23% | 2% | 12% |
| 02 Aug 2020 - 30 Jan 2021 | 25 Feb 2021 | 17 | 78% | 20% | 2% | 3% |
| 02 Feb 2020 - 01 Aug 2020 | 13 Aug 2020 | 19 | 73% | 25% | 2% | 4% |
| 04 Aug 2019 - 01 Feb 2020 | 14 Feb 2020 | 16 | 80% | 19% | 1% | 2% |
| 03 Feb 2018 - 03 Aug 2019 | 29 Aug 2019 | 18 | 76% | 23% | 1% | 3% |
| 05 Aug 2018 - 02 Feb 2019 | 26 Feb 2019 | 20 | 76% | 19% | 5% | 13% |
| 04 Feb 2018 - 04 Aug 2018 | 29 Aug 2018 | 19 | 69% | 30% | 1% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Month end plus 28 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
58
Disputes are handled on a case-by-case basis. The company first seeks to resolve disputes informally. If informal resolution cannot be achieved the parties will follow the dispute resolution process as detailed in the supplier’s contract.
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
GPS (GREAT BRITAIN) LIMITED is a leading provider of location-based services and solutions in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes using renewable energy sources, reducing carbon emissions, and promoting eco-friendly practices among employees and clients. They also prioritize sustainable sourcing and packaging for their products.
GPS (GREAT BRITAIN) LIMITED offers a wide range of products and services, including GPS tracking devices, navigation systems, and location-based applications. Their solutions are used by various industries, such as transportation, logistics, and emergency services.
The key people at GPS (GREAT BRITAIN) LIMITED include the Managing Director, Head of Sustainability, and Head of Product Development. They bring a wealth of experience and expertise to the company and are dedicated to driving its success.
For more information about their products and services, interested individuals can visit their website at www.gpsgreatbritain.com. The registered office address for GPS (GREAT BRITAIN) LIMITED is 25 Churchill Place, Canary Wharf, London, E14 5LJ, United Kingdom.
In conclusion, GPS (GREAT BRITAIN) LIMITED is a reputable company in the UK that is committed to sustainability and offers innovative location-based solutions. With a strong team and a focus on environmental responsibility, the company is well-positioned to continue its success in the future.