GRF SERVICES LIMITED
Company Information
- Company Number
- 02841906
- Registered Address
- Corn Exchange, 55 Mark Lane, London, EC3R 7NE
- Status
- Active
- Employee Count
- 243
- Turnover
- £72,988,000
- EBITDA
- £884,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 August 1993
- Nature of Business
- 66290 - Other activities auxiliary to insurance and pension funding
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
GRF SERVICES LIMITED shows a clear trend towards timely payments, with an average payment time of 25 days. A substantial 80% of invoices are consistently paid within 30 days, indicating a generally positive payment trajectory. However, the 22% late payment rate suggests occasional deviations from this otherwise strong trend.
Volatility Analysis
GRF SERVICES LIMITED exhibits moderate payment volatility, as evidenced by a 22% late payment rate despite a strong on-time majority. The unpredictability arises from 13% of payments occurring between 31-60 days, with a notable 7% extending beyond 60 days. This indicates a potential reliability risk for suppliers, particularly concerning longer payment cycles for a segment of invoices.
Summary Analysis
Overall, GRF SERVICES LIMITED presents a largely favorable payment risk profile given its 80% on-time rate and 25-day average. Suppliers should consider the 22% late payment rate, specifically the 7% exceeding 60 days, as a key decision factor for potential working capital impact. To mitigate this, it is recommended to maintain clear payment terms and potentially factor in a buffer for a minority of invoices.
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 Jan 2025 - 30 Jun 2025 | 07 Jul 2025 | 25 | 80% | 13% | 7% | 22% |
| 01 Jul 2024 - 31 Dec 2024 | 14 Jan 2025 | 24 | 82% | 12% | 6% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 25 | 80% | 13% | 7% | 22% |
| 01 Jul 2023 - 31 Dec 2023 | 15 Jan 2024 | 25 | 80% | 13% | 7% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 31 | 76% | 15% | 9% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 30 | 75% | 17% | 8% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Aug 2022 | 29 | 75% | 16% | 9% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 26 | 76% | 14% | 10% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 33 | 72% | 18% | 10% | 30% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 33 | 75% | 15% | 10% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 21 | 75% | 15% | 10% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 27 | 78% | 14% | 8% | 25% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 33 | 71% | 16% | 13% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 08 May 2019 | 30 | 76% | 12% | 12% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 08 May 2019 | 27 | 77% | 14% | 9% | 24% |
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
Our payment terms are generally 30 days from invoice tax point based on the timely submission of satisfactory invoices. Payment terms are negotiated according to the context of the services or goods being purchased. The payment terms are reviewed as part of the overall contract review. Some of our suppliers will submit invoices on their own payment terms which may differ from ours. Where a supplier's payment terms are less than our standard net 30 days, we use our best endeavours to pay such invoices according to that supplier's 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
30
Dispute Resolution Process
Disputes are resolved by negotiation involving the relevant parties
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
GRF SERVICES LIMITED is an active private limited company. Its name indicates it operates in the provision of services.
The company is registered under company number 02841906 and has been active since its incorporation on 3 August 1993. Its registered office is located at Corn Exchange, 55 Mark Lane, London, EC3R 7NE.
In the UK market, private limited companies offering services typically provide intangible products such as expertise, labour, or support to clients. These organisations often fulfil specific business-to-business or business-to-consumer needs across various sectors.
