SCIENCE RECRUITMENT GROUP LTD

PaymentCheck Score 2024
49Poor
11.9vs last year
#4498 in UK
#226 in Professional Services
#306 in East of England

Company Information

Company Number
02681320
Registered Address
800 The Boulevard, Capability Green, Luton, Bedfordshire, LU1 3BA
Status
Active
Employee Count
116
Turnover
£109,101,000
EBITDA
£7,010,000

Additional Details

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

Time to Pay

Average Time to Pay
55 days
Shortest Period:0 days
Longest Period:50 days
Max Contractual:50 days

Payment Timeline

Within 30 Days
38%
31-60 Days
50%
After 60 Days
13%
Not Paid Within Terms47%

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: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
06 Jan 2024 - 05 Jul 202429 Jul 20245538%50%13%47%
01 Jul 2023 - 05 Jan 202405 Feb 20244543%50%7%42%
31 Dec 2022 - 30 Jun 202328 Jul 20234050%46%4%24%
01 Jan 2022 - 01 Jul 202225 Jul 20223341%56%3%16%
06 Jul 2019 - 03 Jan 202031 Jan 20202663%33%3%8%
30 Jun 2018 - 04 Jan 201923 Jan 20192763%33%4%9%
30 Dec 2017 - 29 Jun 201825 Jul 20183547%44%9%9%

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

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 information available

Any other information about payment terms

No additional information

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

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.

Financial Metrics

Cash
£1,552,000
Net Worth
£9,644,000
Total Current Assets
£17,827,000
Total Current Liabilities
£38,331,000

Company Location