NICHOLAS ASSOCIATES GROUP LIMITED

PaymentCheck Score 2023
74Fair
0.3vs last year
#2412 in UK
#74 in Human Resources
#106 in Yorkshire and The Humber

Company Information

Company Number
03606174
Registered Address
Reginald Arthur House, Percy Street, Rotherham, South Yorkshire, S65 1ED
Status
Active
Employee Count
2,965
Turnover
£76,031,000
EBITDA
-£679,000

Additional Details

Company Type
Private limited Company
Incorporated On
29 July 1998
Nature of Business
70229 - Management consultancy activities other than financial management
78200 - Temporary employment agency activities
78300 - Human resources provision and management of human resources functions
Industries
Human Resources, Recruitment And Admin
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
34 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:118 days

Payment Timeline

Within 30 Days
60%
31-60 Days
29%
After 60 Days
11%
Not Paid Within Terms11%

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: 2024-03-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202326 Mar 20243460%29%11%11%
01 Jan 2023 - 30 Jun 202305 Aug 20233261%31%8%12%
01 Jul 2022 - 31 Dec 202215 Feb 20233862%26%12%10%
01 Jan 2022 - 30 Jun 202201 Aug 20223465%23%12%7%
01 Jan 2021 - 30 Jun 202103 Aug 20213857%25%18%89%
01 Jul 2020 - 31 Dec 202029 Mar 20217744%25%31%13%
01 Jan 2020 - 30 Jun 202021 Sept 20204060%23%17%13%
01 Jul 2019 - 31 Dec 201921 Sept 20203067%22%11%19%
01 Jan 2019 - 30 Jun 201930 Jul 20193455%35%10%10%
01 Jul 2018 - 31 Dec 201826 Jan 20192664%29%7%11%
01 Jan 2018 - 30 Jun 201829 Jul 20183056%32%12%16%

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

It is the Company's policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The majority of suppliers are paid on 30 days 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

118

Dispute Resolution Process

We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts team, it would escalated in the first instance to the relevant Manager to seek a timely resolution

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

NICHOLAS ASSOCIATES GROUP LIMITED is a UK-based company that provides recruitment and workforce management services to a variety of industries including construction, engineering, healthcare, and hospitality. The company was founded in 1977 and has a strong reputation for providing high-quality services to both clients and job seekers.

The company's sustainability program focuses on reducing their environmental impact and promoting ethical and responsible practices. They have implemented measures such as reducing their carbon footprint, promoting recycling and waste reduction, and supporting community initiatives.

NICHOLAS ASSOCIATES GROUP LIMITED offers a range of services to their clients, including permanent and temporary recruitment, executive search, and managed services. They also provide training and development programs for employees, helping them to improve their skills and advance their careers.

The key people at NICHOLAS ASSOCIATES GROUP LIMITED include the Managing Director, Nick Croucher, who has over 30 years of experience in the recruitment industry, and the Operations Director, Gary Hewitt, who has been with the company for over 20 years.

Their website, www.nicholasassociates.co.uk, provides information on their services, job opportunities, and their sustainability efforts. The registered office address for the company is Nicholas Associates Group Limited, Nicholas House, River Don Trading Estate, Brightside Lane, Sheffield, S9 2RX.

In conclusion, NICHOLAS ASSOCIATES GROUP LIMITED is a reputable recruitment company in the UK that is committed to sustainability and providing high-quality services to their clients and employees. With a strong leadership team and a wide range of services, they continue to be a leading player in the recruitment industry.

Financial Metrics

Cash
£710,272
Net Worth
£3,674,342
Total Current Assets
£16,013,238
Total Current Liabilities
£12,724,481

Company Location