NG BAILEY IT SERVICES LIMITED

Company Information

Company Number
02338401
Registered Address
7 Brown Lane West, Leeds, England, LS12 6EH
Status
Active
Employee Count
250
Turnover
£30,158,000
EBITDA
£4,102,000

Additional Details

Company Type
Private limited Company
Incorporated On
24 January 1989
Nature of Business
61100 - Wired telecommunications activities
61900 - Other telecommunications activities
Industries
Information Technology,Telecommunications And Data,Professional Services
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
51 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
30%
31-60 Days
39%
After 60 Days
31%
Not Paid Within Terms47%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-09-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
02 Mar 2019 - 01 Sept 201930 Sept 20195130%39%31%47%
03 Sept 2018 - 01 Mar 201930 Mar 20195126%40%34%66%

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

NG Bailey IT Services Limited does not use standard payment terms. Payment terms are agreed with suppliers and subcontractors as part of contract negotiations. The most frequently used payment terms in the reporting period are 60 days from the end of the month following the tax point of the invoice. Payment runs are typically done on a weekly basis.

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

60

Dispute Resolution Process

NG Bailey IT Services Limited takes prides in developing open and long lasting relationships with its suppliers and subcontractors. NG Bailey IT Services Limited actively seeks to resolve disputes by discussing them with the relevant supplier or subcontractor. This typically involves members of the procurement, accounts payable and commercial teams. Where necessary it is escalated to members of management. Where it is not possible to reach an agreement, a number of potential dispute resolution methods may be used, e.g. mediation, litigation or arbitration.

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

NG Bailey IT Services Limited is a UK-based company that provides a wide range of IT services to businesses across various industries. The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact.

Their sustainability program includes initiatives such as energy-efficient technology, waste reduction, and responsible procurement practices. They also have a dedicated team that constantly monitors and evaluates their sustainability performance and sets targets for continuous improvement.

The company offers a range of products and services such as network infrastructure, cloud solutions, cybersecurity, and managed IT services. They work closely with their clients to understand their specific needs and provide personalized solutions that drive business growth.

The key people at NG Bailey IT Services Limited include Stephen Church, the Managing Director, and Paul Wilkinson, the Head of IT Services. They bring a wealth of experience and expertise in the IT industry and are committed to delivering high-quality services to their clients.

NG Bailey IT Services Limited can be contacted through their website, which is https://www.ngbailey.com/it-services. Their registered office address is 2 Park Lane, Leeds, LS3 1ES, United Kingdom.

In summary, NG Bailey IT Services Limited is a sustainable company that offers a wide range of IT services to businesses. With their dedicated team and commitment to sustainability, they are a reliable and trusted partner for businesses looking to enhance their IT capabilities.

Financial Metrics

Cash
£3,526,000
Net Worth
£13,197,000
Total Current Assets
£22,787,000
Total Current Liabilities
£9,610,000

Company Location