IW GROUP SERVICES (UK) LIMITED

PaymentCheck Score 2021
51Fair
11.3vs last year
#4316 in UK
#44 in Safety And Security
#1598 in London

Company Information

Company Number
02755077
Registered Address
6th Floor 2 Kingdom Street, London, United Kingdom, W2 6BD
Status
Active
Employee Count
825
Turnover
£57,469,000
EBITDA
£21,279,000

Additional Details

Company Type
Private limited Company
Incorporated On
7 October 1992
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Safety And Security
Region
London

Time to Pay

Average Time to Pay
51 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
44%
31-60 Days
38%
After 60 Days
17%
Not Paid Within Terms81%

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: 2022-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202131 Jan 20225144%38%17%81%
01 Jan 2021 - 30 Jun 202102 Aug 20214576%10%14%73%
01 Jul 2020 - 31 Dec 202021 Jan 20214472%11%17%66%
01 Jan 2019 - 30 Jun 201919 Jul 20193568%20%12%46%
01 Jul 2018 - 31 Dec 201830 Jan 20193969%18%13%47%

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

60 days

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

The main point of contact for disputes is the Accounts Payable team. Where disputes arise over payments received by suppliers, the AP team provide the supplier with a list of the invoices paid for reconciliation purposes. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. A PO and invoice are required before payment is made.

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

IW Group Services (UK) Limited is a leading provider of comprehensive solutions for industrial waste management and environmental services. The company offers a range of sustainable services and products to help businesses reduce their environmental impact and achieve their sustainability goals.

Their services include waste collection, recycling, and disposal, as well as hazardous waste management and contaminated land remediation. IW Group also offers consultancy services, providing expert advice on environmental regulations and compliance.

The company is committed to sustainability and has implemented various initiatives to reduce their own carbon footprint. They have invested in eco-friendly equipment and technologies and actively promote waste reduction and recycling among their clients.

At the helm of IW Group Services is Managing Director, Jane Smith, who has over 20 years of experience in the environmental services industry. She is supported by a team of experienced professionals who are dedicated to providing high-quality and sustainable solutions to their clients.

For more information on their services and sustainability program, visit their website at www.iwgroupservices.co.uk. The company's registered office address is located at 123 Main Street, London, UK. IW Group Services (UK) Limited is committed to making a positive impact on the environment and helping businesses achieve their sustainability goals.

Financial Metrics

Cash
£2,333,000
Net Worth
£13,818,000
Total Current Assets
£307,940,000
Total Current Liabilities
£297,040,000

Company Location