ISS GROUP HOLDINGS LIMITED

PaymentCheck Score 2020
28Poor
New Entry
#4701 in UK
#16 in Waterways Travel
#1534 in London

Company Information

Company Number
03650395
Registered Address
60 Fenchurch Street, London, England, EC3M 4AD
Status
Active
Employee Count
0
Turnover
£332,000
EBITDA
-£15,998,000

Additional Details

Company Type
Private limited Company
Incorporated On
15 October 1998
Nature of Business
50200 - Sea and coastal freight water transport
Industries
Waterways Travel
Region
London

Time to Pay

Average Time to Pay
78 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
13%
31-60 Days
61%
After 60 Days
26%
Not Paid Within Terms92%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-01-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202029 Jan 20217813%61%26%92%
01 Jan 2020 - 30 Jun 202028 Jul 20205127%64%9%91%
01 Jul 2018 - 31 Dec 201801 Feb 20194129%50%21%8%
01 Jan 2018 - 30 Jun 201801 Aug 20183251%35%14%46%

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

Subject to staff availability, payments are made to suppliers once a week or earlier, subject to the due date on the supplier invoice.

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

45

Dispute Resolution Process

All invoices are reviewed by the heads of department to which the invoice relates. If there is a dispute, heads of department will raise this directly with the supplier and agree a resolution. Disputes are primarily resolved over email to provide a written audit trail. Where a complaint of late payment is received, the accounts payable department will, where necessary, arrange a payment before the weekly supplier run to ensure prompt payment.

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

ISS Group Holdings Limited is a multinational company that offers facility management, cleaning, and catering services to various industries, including healthcare, education, and transportation. The company was founded in 1901 and is headquartered in Copenhagen, Denmark.

The sustainability program of ISS Group Holdings Limited focuses on reducing carbon emissions, promoting diversity and inclusion, and implementing responsible sourcing practices. They have set ambitious targets to reduce their carbon footprint and have been recognized for their efforts by various organizations such as the Carbon Disclosure Project.

The company's products and services include facility management, cleaning, catering, security, and support services. They also offer specialized services such as technical maintenance, landscaping, and waste management. Their services are tailored to meet the specific needs of each client, and they strive to provide high-quality, efficient, and sustainable solutions.

The key people of ISS Group Holdings Limited include Jeff Gravenhorst, the CEO, and Jacob Aarup-Andersen, the CFO. They lead a team of over 450,000 employees who are committed to delivering excellent services to their clients.

The registered office address of ISS Group Holdings Limited is Buddingevej 197, 2860 Søborg, Denmark. Their website address is www.issworld.com, where one can find more information about their services, sustainability efforts, and contact details.

In summary, ISS Group Holdings Limited is a leading company in the facility management industry with a strong focus on sustainability. They offer a wide range of services to various industries and have a dedicated team of professionals working towards providing efficient and sustainable solutions to their clients.

Financial Metrics

Cash
£104,034,672
Net Worth
-£15,206,462
Total Current Assets
£183,631,205
Total Current Liabilities
£316,181,245

Company Location