Registration Number
03358533
Registered Address
Somerton House Hazell Drive Cleppa Park Newport Gwent NP10 8FY
Company Status
Active
Employee Count
164
Turnover
£94,566,000
EBITDA
£2,262,000
Website
acornpeople.comCompany Type
Private limited Company
Incorporated on
23 April 1997
Nature of Business (SIC)
78200 - Temporary employment agency activities
Industries
Human resources, Recruitment, headhunting and talent management
Region
WalesLocation not found
£77,605
£21,470,218
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
26 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Not Paid Within Terms
3%
| 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 | 31 Jan 2024 | 26 | 55% | 43% | 2% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 24 | 61% | 37% | 2% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 23 | 65% | 33% | 2% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 23 | 63% | 35% | 2% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 21 | 62% | 35% | 3% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 16 | 74% | 25% | 1% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 78% | 20% | 2% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 16 | 75% | 22% | 3% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 18 | 73% | 23% | 4% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 22 | 66% | 31% | 3% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Feb 2019 | 23 | 60% | 37% | 4% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Aug 2018 | 28 | 55% | 39% | 5% | 43% |
ACORN RECRUITMENT LIMITED is a UK-based recruitment agency that offers a range of services to both employers and job seekers
The company was founded in 1992 and has since grown to become one of the leading recruitment agencies in the country
The main activities of ACORN RECRUITMENT LIMITED include finding suitable candidates for job vacancies, providing temporary and permanent staffing solutions, and offering recruitment consultancy services
They have a team of experienced recruiters who specialize in various industries and are dedicated to finding the best match for their clients
In addition to their recruitment services, ACORN RECRUITMENT LIMITED is committed to sustainability and has implemented various measures to reduce their environmental impact
They have a sustainable procurement policy in place and actively promote recycling and energy efficiency within their offices
The company offers a wide range of products and services, including temporary and permanent recruitment, executive search, and recruitment process outsourcing
They also offer training and development programs to help candidates improve their skills and increase their employability
The key people at ACORN RECRUITMENT LIMITED include the Managing Director, John Arnold, who has over 25 years of experience in the recruitment industry, and the Operations Director, Sarah Troup, who has been with the company for over 20 years
They are supported by a team of dedicated recruiters and consultants
For those interested in using their services, ACORN RECRUITMENT LIMITED can be contacted through their website, which is user-friendly and provides detailed information about their services and current job vacancies
Their registered office address is located in Newport, Wales
Overall, ACORN RECRUITMENT LIMITED is a reputable and sustainable recruitment agency that offers a wide range of services to both employers and job seekers
With their experienced team and commitment to sustainability, they continue to be a trusted choice for recruitment needs in the UK
The data shows a decreasing trend in the average time taken for ACORN RECRUITMENT LIMITED to pay invoices to suppliers. The average time to pay has decreased from 28 days in the first period (Jan 2018 - Jun 2018) to 26 days in the last period (Jul 2023 - Dec 2023).
The data shows that there has been a decrease in the percentage of invoices paid later than 60 days. This indicates a decrease in volatility in payment times for ACORN RECRUITMENT LIMITED.
From Jan 2021 to Jun 2021, ACORN RECRUITMENT LIMITED had the best performance in terms of timely payments, with 74% of invoices paid within 30 days and only 1% paid later than 60 days. This is a significant improvement from the first period (Jan 2018 - Jun 2018) where only 55% of invoices were paid within 30 days and 5% were paid later than 60 days.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Typically, 30 days end-of-month following date of invoice. The company enters into a range of agreements for the activities it undertakes, typically relying on the standard terms of Acorn Recruitment Limited. The company’s billing systems, which record and administer invoices, do not contain information about contract type. As such, while the majority of invoices in the system are expected to relate to qualifying contracts, the system is unable to distinguish qualifying contracts from non-qualifying contracts and some such data may be included in the reported statistics. The company’s billing system logs payment terms per the terms of the supplier (i.e., 30 days from date of invoice, but we carry out one payment run per month and therefore our general payment terms are 30 days end of month following date of invoice, unless there are exceptional circumstances
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Supplier is notified by email and advised that a payment for the invoice in question will be withheld until resolution is achieved. It is intended to resolve the matter within as short a time as possible.
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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