IW GROUP SERVICES UK LIMITED
Company Details
Registration Number
02755077
Registered Address
6th Floor 2 Kingdom Street London United Kingdom W2 6BD
Company Status
Active
Employee Count
967
Turnover
£32,642,000
EBITDA
£4,094,000
Additional Information
Website
regus.co.ukCompany Type
Private limited Company
Incorporated on
7 October 1992
Nature of Business (SIC)
82990 - Other business support service activities not elsewhere classified
Industries
0
Region
LondonCompany Location
Financial Overview
£2,333,000
£13,818,000
Last Reporting Period
Filed
31 Jan 2022
Period
01 Jul 2021 - 31 Dec 2021
Payment Timing
Average Time to Pay
0 days
Payment Periods
Shortest
0 days
Longest
0 days
Max Contractual
0 days
Payment Timeline
Not Paid Within Terms
0%
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 2021 - 31 Dec 2021 | 31 Jan 2022 | 51 | 44% | 38% | 17% | 81% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 45 | 76% | 10% | 14% | 73% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 44 | 72% | 11% | 17% | 66% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 45 | 56% | 28% | 16% | 63% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 34 | 72% | 16% | 11% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 35 | 68% | 20% | 12% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 39 | 69% | 18% | 13% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Jul 2018 | 40 | 70% | 17% | 13% | 45% |
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
Company Review
Trend Analysis
The data for IW GROUP SERVICES (UK) LIMITED shows a general decreasing trend in the average time taken to pay invoices to suppliers over the past three periods, from 40 days in the first period to 34 days in the fourth period. However, there was a slight increase in the fifth period to 45 days, before decreasing again to 44 days in the sixth period.
Volatility Analysis
The data for IW GROUP SERVICES (UK) LIMITED also shows some volatility in the percentage of invoices paid within 30 days, with the highest percentage being 76% in the seventh period and the lowest being 56% in the fifth period. The percentage of invoices paid between 31 and 60 days also shows some volatility, with the highest being 38% in the eighth period and the lowest being 11% in the sixth period. Additionally, the percentage of invoices not paid within agreed terms also shows some volatility, with the highest being 81% in the eighth period and the lowest being 43% in the fourth period.
Summary Analysis
Overall, the data for IW GROUP SERVICES (UK) LIMITED shows a decreasing trend in the average time taken to pay invoices to suppliers over the past three periods, with the percentage of invoices paid within 30 days consistently being above 60%. However, there is some volatility in the percentage of invoices paid within 30 days and not paid within agreed terms. The worst period for IW GROUP SERVICES (UK) LIMITED was the eighth period (2021-07-01 to 2021-12-31), with the highest percentage of invoices paid later than 60 days (17%) and not paid within agreed terms (81%).
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Not specified
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
Not specified
Dispute Resolution Process
Not specified
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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