IFORCE LIMITED

PaymentCheck Score 2024
64Fair
4.2vs last year
#3414 in UK
#103 in Supply Chain
#240 in North West

Company Information

Company Number
03441816
Registered Address
Stretton Green Distribution Park Langford Way, Appleton, Warrington, England, WA4 4TQ
Status
Active
Employee Count
919
Turnover
£99,609,000
EBITDA
£14,445,000

Additional Details

Company Type
Private limited Company
Incorporated On
30 September 1997
Nature of Business
82920 - Packaging activities
Industries
Supply Chain,Manufacturing And Commerce Models
Region
North West

Time to Pay

Average Time to Pay
26 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:63 days

Payment Timeline

Within 30 Days
61%
31-60 Days
36%
After 60 Days
3%
Not Paid Within Terms88%

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: 2024-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202406 Feb 20252762%36%2%79%
01 Jan 2023 - 30 Jun 202317 Aug 20232755%41%4%85%
01 Jul 2022 - 31 Dec 202210 Feb 20232657%41%2%81%
01 Jan 2022 - 30 Jun 202208 Aug 20222753%44%3%30%
01 Jun 2021 - 31 Dec 202119 Jan 20222752%46%2%79%
01 Dec 2020 - 31 May 202124 Jun 20212562%35%3%66%
01 Jun 2020 - 30 Nov 202023 Feb 20212666%33%1%68%
01 Dec 2018 - 31 May 201928 Jun 20192755%44%1%65%

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 30-60 days from date of invoice.

Were there any changes to the standard payment terms in the reporting period?

Yes, alignment with parent company policies. . No changes were made to the standard terms of existing suppliers.

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

63

Dispute Resolution Process

Any payment disputes should be directed to accountspayable@iforcegroup.com. Enquiries can also be made by post to Accounts Payable, iForce Limited, Redd 42, Ravensbank Business Park, Hedera Road, Redditch B98 9EY. Each payment dispute is individually considered on its own merits

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

IFORCE LIMITED is a UK-based company that specializes in providing innovative supply chain solutions for businesses. The company was founded in 1996 and has since then established itself as a leader in the logistics industry.

One of the main focuses of IFORCE LIMITED is sustainability. The company is committed to reducing its environmental impact and promoting sustainable practices in all aspects of its operations. This includes implementing energy-efficient processes, using eco-friendly materials, and minimizing waste.

IFORCE LIMITED offers a wide range of services, including warehousing, distribution, and e-commerce fulfillment. They also provide customized solutions for businesses of all sizes, helping them streamline their supply chain and improve efficiency.

The company is led by a team of experienced and knowledgeable individuals, including Managing Director Paul Boland and Operations Director Mark Elward. Under their leadership, IFORCE LIMITED has achieved significant growth and success in the logistics industry.

To get in touch with IFORCE LIMITED, interested parties can visit their website at www.iforcegroup.com. The company's registered office address is located at Unit 1, Drake Lane, Crewe, Cheshire, CW1 6XN. Overall, IFORCE LIMITED is a reliable and sustainable partner for businesses looking to optimize their supply chain operations.

Financial Metrics

Cash
£18,655,000
Net Worth
£16,277,000
Total Current Assets
£32,677,000
Total Current Liabilities
£37,387,000

Company Location