RANDSTAD PUBLIC SERVICES LIMITED

PaymentCheck Score 2022
99Excellent
0.8vs last year
#88 in UK
#9 in Professional Services
#6 in East of England

Company Information

Company Number
02462482
Registered Address
450 Capability Green, Luton, Bedfordshire, United Kingdom, LU1 3LU
Status
Active
Employee Count
298
Turnover
£64,740,000
EBITDA
-£507,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 January 1990
Nature of Business
78200 - Temporary employment agency activities
Industries
Professional Services
Region
East of England

Time to Pay

Average Time to Pay
5 days
Shortest Period:60 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
99%
31-60 Days
1%
After 60 Days
0%
Not Paid Within Terms1%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202229 Jul 2022599%1%0%1%
01 Jul 2021 - 31 Dec 202128 Jan 2022599%1%0%1%
01 Jan 2021 - 30 Jun 202130 Jul 2021796%2%1%2%
01 Jul 2020 - 31 Dec 202010 Feb 2021698%1%1%2%
01 Jan 2020 - 30 Jun 202030 Jul 2020797%2%1%3%
01 Jul 2019 - 31 Dec 201928 Jan 2020795%3%2%2%
01 Jan 2018 - 30 Jun 201826 Jul 20185751%24%25%51%

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

The standard contractual length for time of payment of invoices is 60 days from the date of the invoice, however payment terms will vary depending on the supplier type, the spend type, the contractual obligations and the overall contractual negotiation. Our payment terms can be found in clause 8.5 of our standard terms: In consideration of the supply of Goods and/or Services by the Supplier, Randstad shall pay valid and accurate invoices correctly rendered and accompanied by the information specified in clause 8.6, subject always to clause 8.7 below within 60 days of the date of receipt to a bank account nominated in writing by the Supplier.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

90

Dispute Resolution Process

A copy of our complaints policy is available on request from accounts.payable@randstad.co.uk

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

Randstad Public Services Limited (RPS) is a leading provider of recruitment and HR services for the public sector in the UK. With over 60 years of experience, RPS is committed to providing high-quality and sustainable solutions to its clients.

RPS offers a wide range of services including recruitment, temporary staffing, workforce management, and HR consulting. They have a team of highly skilled and experienced professionals who work closely with their clients to understand their needs and provide tailored solutions.

One of the key focuses of RPS is sustainability, and they have implemented various initiatives to reduce their environmental impact. This includes reducing waste, energy consumption, and promoting sustainable practices within their own operations and with their clients.

In terms of products and services, RPS offers a variety of innovative solutions such as online recruitment platforms, workforce planning tools, and employee engagement programs. They also have a strong focus on diversity and inclusion, and work towards promoting equal opportunities for all.

The key people at RPS include their CEO, Helen Silver, and their Managing Director, John O'Sullivan, who lead the company with their extensive industry knowledge and expertise.

RPS can be contacted through their website (www.randstadps.co.uk) or their registered office address at 450 Capability Green, Luton, LU1 3LU. They also have a strong presence on social media platforms such as LinkedIn and Twitter, where they regularly share updates and insights on the public sector industry.

In conclusion, RANDSTAD PUBLIC SERVICES LIMITED is a leading recruitment and HR services provider for the public sector in the UK, with a strong focus on sustainability, diversity, and innovation. Their commitment to providing high-quality and sustainable solutions makes them a trusted partner for their clients.

Financial Metrics

Cash
£0
Net Worth
£2,345,000
Total Current Assets
£2,345,000
Total Current Liabilities
£0

Company Location