GREENE KING SERVICES LIMITED
Company Information
- Company Number
- 03324493
- Registered Address
- Westgate Brewery, Bury St Edmunds, Suffolk, United Kingdom, IP33 1QT
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- £1,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 February 1997
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Human Resources, Recruitment And Admin
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
GREENE KING SERVICES LIMITED consistently pays beyond typical net-30 terms, with an average payment time of 44 days. The predominant payment trend sees 60% of invoices settled within the 31-60 day window, establishing this as their most common payment behavior. A smaller portion, 27%, are paid within 30 days, while 13% extend beyond 60 days.
Volatility Analysis
While a significant majority of payments fall predictably within the 31-60 day range, the 13% of payments exceeding 60 days introduces a moderate level of unpredictability for some invoices. The 6% late payment rate further indicates a minor risk of deviations from agreed terms, impacting cash flow reliability for a small segment of transactions. Suppliers should factor in this variance and potential for extended delays beyond net-60 for a minority of invoices.
Summary Analysis
Suppliers should anticipate average payment cycles of approximately 44 days, with a strong expectation for payments to be received within the 31-60 day period. It is crucial to manage cash flow expectations by acknowledging the 13% of invoices that may exceed 60 days. Consider establishing net-60 payment terms or implementing credit limits to mitigate potential cash flow strain from their extended payment behavior.
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 - 31 Dec 2023 | 26 Jan 2024 | 44 | 27% | 57% | 16% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 43 | 26% | 64% | 10% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 44 | 27% | 60% | 13% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 06 Jul 2022 | 40 | 33% | 58% | 9% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 13 Jan 2022 | 46 | 33% | 59% | 8% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 46 | 30% | 54% | 16% | 10% |
| 01 Nov 2020 - 31 Dec 2020 | 30 Jan 2021 | 45 | 26% | 60% | 14% | 8% |
| 01 May 2020 - 31 Oct 2020 | 24 Nov 2020 | 44 | 26% | 60% | 14% | 6% |
| 01 Nov 2019 - 30 Apr 2020 | 18 May 2020 | 38 | 39% | 50% | 11% | 6% |
| 01 May 2019 - 31 Oct 2019 | 13 Nov 2019 | 40 | 31% | 57% | 12% | 5% |
| 01 Nov 2018 - 30 Apr 2019 | 28 May 2019 | 38 | 40% | 48% | 12% | 7% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 40 | 35% | 53% | 12% | 8% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 39 | 43% | 44% | 12% | 9% |
| 01 May 2017 - 31 Oct 2017 | 14 Nov 2017 | 40 | 34% | 51% | 15% | 10% |
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 payment terms are 60 days following the end of the month of the invoice date.
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
90
Dispute Resolution Process
The Greene King group has a dedicated accounts payable helpdesk that offers suppliers support through to query resolution. The team can be contacted by email or phone Monday to Friday. Contact by e-mail is acknowledged within a maximum of 2 working days with all supplier queries being assigned a unique case number. The majority of phone calls are answered immediately. Greene King offers a supplier payment portal to allow suppliers to monitor and view all their account information, providing real time data that includes invoice approval and invoice payment status.
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.
❌
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
GREENE KING SERVICES LIMITED is an active private limited company dedicated to providing services. Its name highlights a clear focus on service provision.
The company operates under company number 03324493, having been incorporated on 26 February 1997. Its registered office is situated at Westgate Brewery, Bury St Edmunds, Suffolk, IP33 1QT, located within the East of England.
As a 'Services Limited' company, it typically specialises in delivering a diverse range of support functions and operational assistance to other organisations in the UK market. Such services can include administrative, IT, human resources, logistics, or management consultancy.
