GB GROUP PLC
Company Information
- Company Number
- 02415211
- Registered Address
- The Foundation Herons Way, Chester Business Park, Chester, CH4 9GB
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 21 August 1989
- Nature of Business
- 62020 - Information technology consultancy activities63110 - Data processing, hosting and related activities
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
GB GROUP PLC demonstrates a strong trend of very prompt payments, with an average payment time of just 13 days and 98% of invoices settled within 30 days. This indicates a consistent trajectory towards very early payment, significantly ahead of standard 30-day terms. The absence of any payments extending beyond 60 days further reinforces this positive trend of timely financial settlements.
Volatility Analysis
Despite the generally rapid payment speed, a 10% late payment rate introduces a minor element of unpredictability for a small subset of invoices. However, the vast majority (98%) are paid within 30 days, with only 2% extending to 31-60 days and no payments exceeding 60 days. This data suggests high overall reliability for prompt payment, with very low volatility and minimal risk of extended delays.
Summary Analysis
GB GROUP PLC presents as a highly favorable payment partner, recommended for standard credit terms given their rapid average payment time and strong compliance. Suppliers should anticipate very reliable and fast payments, with a minimal probability of minor delays for a small percentage of invoices. No specific risk mitigation beyond standard credit checks is indicated, as the data points to a very low-risk payment profile.
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 Apr 2025 - 30 Sept 2025 | 27 Oct 2025 | 13 | 98% | 2% | 0% | 10% |
| 01 Oct 2024 - 31 Mar 2025 | 24 Apr 2025 | 15 | 99% | 1% | 0% | 12% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 14 | 99% | 1% | 0% | 14% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 14 | 99% | 0% | 1% | 13% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 14 | 98% | 1% | 1% | 14% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 14 | 99% | 1% | 0% | 27% |
| 01 Apr 2022 - 30 Sept 2022 | 13 Oct 2022 | 13 | 99% | 1% | 0% | 21% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 13 | 98% | 1% | 1% | 29% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 13 | 97% | 2% | 1% | 46% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Oct 2021 | 29 | 76% | 16% | 8% | 65% |
| 01 Apr 2020 - 30 Sept 2020 | 16 Oct 2020 | 22 | 79% | 13% | 9% | 22% |
| 01 Oct 2019 - 31 Mar 2020 | 14 Jul 2020 | 22 | 78% | 12% | 9% | 30% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 29 | 66% | 26% | 8% | 40% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 32 | 80% | 13% | 7% | 27% |
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
Section 10.4 in GB Group plc’s supplier terms and conditions states our standard terms as the following: "such payment shall normally be made within 30 days of receipt by GBG of the invoice, provided that GBG has received a correctly submitted invoice via email to purchase.invoices@gbgplc.com (the “Invoice Process”). For the avoidance of doubt, GBG shall not be liable for invoices where the Invoice Process has not been followed by the Supplier" Section 12. Any fees disputed by GBG in good faith may be deducted from the invoice providing that the remainder is paid by the due date. The disputed amount should be notified by email to the Supplier giving reasons for withholding payment. Upon receipt of GBG dispute notice, the Supplier and GBG will work together in good faith to resolve such disputes in a prompt and mutually acceptable manner. GBG agrees to pay any previously disputed amounts within 30 days once the issues have been resolved. 12.2 Subject to clause 12.1, whenever under the Agreement any sum of money shall be recoverable from or payable by the Supplier, such sum may be deducted from any amount then due from GBG, or which at any time thereafter may become due, to the Supplier under the Agreement or any other agreement or arrangement with GBG. 12.3 Subject to clause 12.1, any over-payment by GBG to the Supplier (whether in respect of the Agreement Price or Value Added Tax) shall be a sum of money recoverable by GBG from the Supplier and such sum may be deducted from any amount then due from GBG to the Supplier. All invoices should be addressed to GB Group plc, Herons Way, Chester Business Park, Chester, CH4 9GB. Accounts payable can be contacted by calling 01244 657048 or by emailing purchase.invoices@gbgplc.com. Disputes may be raised by emailing purchase.invoices@gbgplc.com in the first instance and your account contact.
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
Section 12. Any fees disputed by GBG in good faith may be deducted from the invoice providing that the remainder is paid by the due date. The disputed amount should be notified by email to the Supplier giving reasons for withholding payment. Upon receipt of GBG dispute notice, the Supplier and GBG will work together in good faith to resolve such disputes in a prompt and mutually acceptable manner. GBG agrees to pay any previously disputed amounts within 30 days once the issues have been resolved. 12.2 Subject to clause 12.1, whenever under the Agreement any sum of money shall be recoverable from or payable by the Supplier, such sum may be deducted from any amount then due from GBG, or which at any time thereafter may become due, to the Supplier under the Agreement or any other agreement or arrangement with GBG. 12.3 Subject to clause 12.1, any over-payment by GBG to the Supplier (whether in respect of the Agreement Price or Value Added Tax) shall be a sum of money recoverable by GBG from the Supplier and such sum may be deducted from any amount then due from GBG to the Supplier. All invoices should be addressed to GB Group plc, Herons Way, Chester Business Park, Chester, CH4 9GB. Accounts payable can be contacted by calling 01244 657048 or by emailing purchase.invoices@gbgplc.com. Disputes may be raised by emailing purchase.invoices@gbgplc.com in the first instance and your account contact.
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.
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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
Company Summary
GB GROUP PLC is an active public limited company
It operates as a group
Incorporated on 21 August 1989, its company number is 02415211
The registered office is located at The Foundation Herons Way, Chester Business Park, Chester, CH4 9GB, within the North West region
As a public limited company, GB GROUP PLC is structured to enable public ownership and trading of its shares on a stock exchange
This corporate structure facilitates the raising of capital from public investors and provides a regulated framework for transparent governance and reporting within the UK market
