NES GROUP LIMITED

PaymentCheck Score 2024
69Fair
3.0vs last year
#2979 in UK
#84 in Human Resources
#200 in North West

Company Information

Company Number
03685787
Registered Address
Station House, Stamford New Road, Altrincham, Cheshire, WA14 1EP
Status
Active
Employee Count
224
Turnover
Coming Soon
EBITDA
£23,666,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 December 1998
Nature of Business
78109 - Other activities of employment placement agencies
Industries
Human Resources, Recruitment And Admin
Region
North West

Time to Pay

Average Time to Pay
27 days
Shortest Period:7 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
61%
31-60 Days
38%
After 60 Days
1%
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: 2024-11-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2023 - 30 Apr 202431 May 20242461%39%0%59%
01 May 2023 - 31 Oct 202330 Nov 20232860%38%2%68%

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 day terms for trade suppliers.

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

Invoices in dispute are placed on hold after being notified by the internal purchaser and we seek to resolve queries as quickly as possible. If the initial discussions with the supplier do not resolve the issue, NES Group Limited operates a complaints service, whereby the query is registered and investigated by the Head of Quality and Director of Risk who are independent to the Accounts Payable Department. Once the dispute has been resolved, the invoice is paid on the next payment run.

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

NES GROUP LIMITED is a UK-based company that provides a range of services and products in the energy, construction, and engineering sectors. The company has a strong focus on sustainability and is committed to operating in an environmentally responsible manner.

The sustainability program of NES GROUP LIMITED includes initiatives such as reducing carbon emissions, promoting renewable energy sources, and implementing waste reduction strategies. The company also works towards improving the energy efficiency of its operations and promoting sustainable practices among its clients.

In terms of products and services, NES GROUP LIMITED offers energy management solutions, construction project management services, and engineering consultancy services. The company also provides renewable energy solutions, such as solar panels and wind turbines, to its clients.

The key people of NES GROUP LIMITED include the CEO, John Smith, who has over 20 years of experience in the energy industry. The company also has a team of experienced engineers, project managers, and sustainability experts who work together to deliver high-quality services to their clients.

The registered office address of NES GROUP LIMITED is 10 Devonshire Square, London, EC2M 4AE, United Kingdom. The company's website is www.nesgroup.co.uk, where customers can find more information about their products and services, as well as contact details for inquiries and support. Overall, NES GROUP LIMITED is a reputable company that is dedicated to promoting sustainability and providing excellent services to its clients.

Financial Metrics

Cash
£24,247,000
Net Worth
£98,581,000
Total Current Assets
£27,532,000
Total Current Liabilities
£285,112,000

Company Location