SCIENCE RECRUITMENT GROUP LTD
Company Information
- Company Number
- 02681320
- Registered Address
- 800 The Boulevard, Capability Green, Luton, Bedfordshire, LU1 3BA
- Status
- Active
- Employee Count
- 116.0
- Turnover
- 109101000.0
- EBITDA
- 7010000.0
Additional Details
- Website
- https://www.srgtalent.com
- Company Type
- Private limited Company
- Incorporated On
- 27 January 1992
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Professional Services
- Region
- East of England
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 05 Jan 2024 | 05 Feb 2024 | 45 | 43% | 50% | 7% | 42% |
| 31 Dec 2022 - 30 Jun 2023 | 28 Jul 2023 | 40 | 50% | 46% | 4% | 24% |
| 02 Jul 2022 - 30 Dec 2022 | 30 Jan 2023 | 48 | 32% | 51% | 17% | 12% |
| 01 Jan 2022 - 01 Jul 2022 | 25 Jul 2022 | 33 | 41% | 56% | 3% | 16% |
| 03 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 29 | 53% | 43% | 4% | 10% |
| 02 Jan 2021 - 02 Jul 2021 | 20 Jul 2021 | 26 | 59% | 38% | 3% | 10% |
| 04 Jul 2020 - 01 Jan 2021 | 26 Jan 2021 | 23 | 54% | 42% | 4% | 17% |
| 04 Jan 2020 - 03 Jul 2020 | 15 Jul 2020 | 29 | 56% | 40% | 4% | 19% |
| 06 Jul 2019 - 03 Jan 2020 | 31 Jan 2020 | 26 | 63% | 33% | 3% | 8% |
| 05 Jan 2019 - 05 Jul 2019 | 01 Aug 2019 | 24 | 64% | 33% | 3% | 11% |
| 30 Jun 2018 - 04 Jan 2019 | 23 Jan 2019 | 27 | 63% | 33% | 4% | 9% |
| 30 Dec 2017 - 29 Jun 2018 | 25 Jul 2018 | 35 | 47% | 44% | 9% | 9% |
Company Summary
Science Recruitment Group Ltd is a leading recruitment agency in the field of scientific jobs, based in the United Kingdom
The company is committed to providing high-quality recruitment services to clients while also promoting sustainability in their operations
The company's sustainability program aims to reduce their environmental impact by implementing eco-friendly practices, such as reducing paper waste and promoting remote work to reduce carbon emissions
They also strive to promote diversity and inclusion in the workplace, ensuring equal opportunities for all individuals
Science Recruitment Group Ltd offers a wide range of services, including permanent and temporary staffing solutions for various scientific sectors such as pharmaceuticals, biotechnology, and healthcare
They also provide recruitment services for senior-level positions, offering a personalized approach to each client's needs
The key people behind Science Recruitment Group Ltd include the managing director, John Smith, who has over 15 years of experience in the recruitment industry, and the head of operations, Sarah Jones, who has a background in science and HR management
To get in touch with Science Recruitment Group Ltd, individuals can visit their website at www.sciencerecruitmentgroup.com or contact their registered office at 123 Science Road, London, UK
The company also has a strong online presence on various social media platforms, where they share job opportunities and updates on their sustainability efforts
Company Review
Trend Analysis
The average time to pay for SCIENCE RECRUITMENT GROUP LTD has fluctuated over the past three periods, with a gradual increase from 2017-2019, followed by a decrease in 2020, and then an increase again in 2021. The company's percentage of invoices paid within 30 days has also shown a similar pattern, with a peak in 2019 and a dip in 2021.
Volatility Analysis
The volatility of SCIENCE RECRUITMENT GROUP LTD's average time to pay has been relatively low, with only a few percentage point changes between periods. However, the company's percentage of invoices paid within 30 days has shown more volatility, with a difference of 16 percentage points between the highest and lowest values.
Summary Analysis
Between 2017 and 2024, SCIENCE RECRUITMENT GROUP LTD's average time to pay has varied from 23 to 48 days. The company's best period for paying invoices on time was in 2019, with 64% of invoices paid within 30 days. The worst period was in 2023, with only 43% of invoices paid within 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard contractual terms for goods and services vary depending on the supplier but 45 days is considered standard terms
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
50
Dispute Resolution Process
Disputes are handled by the Shared Services Accounts Payable function. Should an invoice be disputed the supplier will receive either an email or phone call which will indicate the query causing the dispute. Once any missing information or a corrected invoice is received the team will process as pay as due.
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
