RANDSTAD MIDDLE EAST LIMITED

Company Information

Company Number
02535913
Registered Address
450 Capability Green, Luton, Bedfordshire, United Kingdom, LU1 3LU
Status
Dissolved
Employee Count
2
Turnover
Coming Soon
EBITDA
-£111,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 August 1990
Nature of Business
70229 - Management consultancy activities other than financial management
78200 - Temporary employment agency activities
Industries
Human Resources, Recruitment And Admin
Region
East of England

Time to Pay

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

Payment Timeline

Within 30 Days
8%
31-60 Days
23%
After 60 Days
69%
Not Paid Within Terms92%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2018 - 30 Jun 201826 Jul 2018790%44%56%100%

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

No additional information

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 MIDDLE EAST LIMITED is a leading human resources and staffing solutions provider in the Middle East region. With over 35 years of experience, they offer a wide range of services to clients, including recruitment, temporary staffing, HR consulting, and outsourcing.

As part of their sustainability program, RANDSTAD MIDDLE EAST LIMITED is committed to promoting diversity and inclusion in the workplace. They also focus on reducing their environmental impact through various initiatives such as energy-efficient operations and waste management.

Their products and services cater to various industries, including finance, IT, engineering, healthcare, and many more. They have a team of experienced consultants who provide customized solutions to meet the unique needs of each client.

Key people at RANDSTAD MIDDLE EAST LIMITED include CEO, Michel De Rijk, and Managing Director, Suhail Masri. They have a strong presence in the region with offices in Dubai, Abu Dhabi, and Doha.

To learn more about their services and sustainability efforts, you can visit their website at www.randstadme.com. Their registered office address is at Office 1402, Grosvenor Business Tower, Barsha Heights, Dubai, UAE.

In conclusion, RANDSTAD MIDDLE EAST LIMITED is a reputable and sustainable HR solutions provider in the Middle East, offering a range of services to clients across various industries. With their commitment to diversity and inclusion, they strive to create a positive impact in the region's job market.

Financial Metrics

Cash
£250,000
Net Worth
£8,900,000
Total Current Assets
£8,986,000
Total Current Liabilities
£86,000

Company Location