OMEGA RESOURCE GROUP LIMITED
Company Information
- Company Number
- 03508252
- Registered Address
- 19-20 The Triangle, Ng2 Business Park, Nottingham, England, NG2 1AE
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://omegaresource.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 11 February 1998
- Nature of Business
- 99999 - Dormant Company
- Industries
- Human Resources, Recruitment And Admin
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time for OMEGA RESOURCE GROUP LIMITED to pay invoices to suppliers has increased from 29 days in the period of Jul 2018 - Dec 2018 to 55 days in the period of Jul 2019 - Dec 2019.
Volatility Analysis
The percentage of invoices paid within 30 days has decreased from 62% to 22%, while the percentage of invoices paid between 31 and 60 days has increased from 34% to 52%. The most significant change can be seen in the percentage of invoices paid later than 60 days, which has increased from 4% to 26%.
Summary Analysis
In the period of Jul 2018 - Dec 2018, OMEGA RESOURCE GROUP LIMITED had an average time to pay of 29 days. 62% of invoices were paid within 30 days, while 34% were paid between 31 and 60 days. 4% of invoices were paid later than 60 days. However, in the following period of Jan 2019 - Jun 2019, the average time to pay increased to 30 days, with 78% of invoices paid within 30 days and 15% paid between 31 and 60 days. The percentage of invoices paid later than 60 days also increased to 7%. In the most recent period of Jul 2019 - Dec 2019, the average time to pay significantly increased to 55 days, with only 22% of invoices paid within 30 days, 52% paid between 31 and 60 days, and 26% paid later than 60 days.
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 2019 - 31 Dec 2019 | 17 Mar 2020 | 55 | 22% | 52% | 26% | 58% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Mar 2020 | 30 | 78% | 15% | 7% | 74% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Mar 2020 | 29 | 62% | 34% | 4% | 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
Limited company invoices for the provision of labour are paid in the same week they are issued. Overhead invoices standard terms are 30 days.
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
60
Dispute Resolution Process
Disputes are reviewed on a case by case basis by our purchase ledger team with input from the appropriate approving manager.
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.
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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
Omega Resource Group Limited is a UK-based recruitment company that provides a wide range of services such as temporary and permanent staffing, training and development, and consultancy services. The company has been in operation for over 20 years and has established a strong reputation in the recruitment industry.
Sustainability is an integral part of Omega Resource Group Limited's operations, and the company has implemented various measures to reduce its environmental impact. This includes promoting green initiatives within the workplace, using energy-efficient technology, and reducing waste through recycling and responsible disposal.
The company offers a diverse range of services to meet the needs of its clients. This includes staffing solutions for various industries such as engineering, manufacturing, and logistics. They also provide training and development programs to enhance the skills and knowledge of their workforce.
Omega Resource Group Limited is led by a team of experienced and dedicated professionals who are committed to delivering the best possible service to their clients. The key people include Managing Director, Alan Berrow, Operations Director, Natalie Tyler, and Sales Director, Simon Thomas.
For more information about their services and sustainability efforts, interested parties can visit their website at www.omegaresource.co.uk. The registered office address for Omega Resource Group Limited is Unit 3, Imperial Place, Maxwell Road, Swindon, SN1 4DG, UK.
