HARGREAVES (UK) SERVICES LIMITED

PaymentCheck Score 2020
63Fair
New Entry
#2962 in UK
#50 in North East

Company Information

Company Number
03735251
Employee Count
178
Turnover
£56,854,000
EBITDA
£19,231,000

Additional Details

Industries
Coming Soon
Region
North East

Time to Pay

Average Time to Pay
44 days
Shortest Period:45 days
Longest Period:0 days
Max Contractual:75 days

Payment Timeline

Within 30 Days
44%
31-60 Days
53%
After 60 Days
3%
Not Paid Within Terms15%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-12-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jun 2020 - 30 Nov 202022 Dec 20204444%53%3%15%
01 Dec 2018 - 31 May 201928 Jun 20194622%71%7%30%
01 Jun 2017 - 30 Jun 201721 Dec 20174727%38%35%44%

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

Our standard terms are 30 days following the end of the month in which the invoice is received

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

75

Dispute Resolution Process

Any disputes or complaints are handled by our dedicated purchase ledger team, in a timely manner. Should they be unable to resolve the issue, the matter will be escalated to an appropriate member of the Finance team.

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

HARGREAVES (UK) SERVICES LIMITED is a British company that provides a range of services to various industries, including energy, construction, and mining. The company was founded in 1994 and is headquartered in Barnsley, South Yorkshire.

The company's sustainability program focuses on reducing its carbon footprint and promoting sustainable practices throughout its operations. HARGREAVES is committed to using renewable energy sources and minimizing waste in its daily operations. It also works to ensure the safety and well-being of its employees through various health and safety initiatives.

HARGREAVES offers a variety of products and services, including bulk material handling, transportation, and storage solutions. They also provide specialist services such as coal sampling and analysis, logistics management, and plant maintenance.

The key people at HARGREAVES include Dr. Gordon Banham, the CEO, and Mr. Steve Breslin, the Managing Director. Both have extensive experience in the industry and are committed to driving the company's success.

The company's website (www.hargreavesservices.co.uk) provides detailed information about its services, sustainability program, and the industries it serves. The registered office address is Hargreaves (UK) Services Limited, Westthorpe Fields Business Park, Killamarsh, Sheffield, S21 1TZ.

In conclusion, HARGREAVES (UK) SERVICES LIMITED is a reputable British company that offers sustainable solutions and services to various industries. With its commitment to sustainability and experienced leadership, the company continues to thrive in its field.

Financial Metrics

Cash
£2,600,000
Net Worth
£30,249,000
Total Current Assets
£45,193,000
Total Current Liabilities
£18,175,000