NORTHSTANDARD GROUP SERVICES LIMITED
Company Information
- Company Number
- 03922841
- Registered Address
- 100 The Quayside, Newcastle Upon Tyne, United Kingdom, NE1 3DU
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 February 2000
- Nature of Business
- 78300 - Human resources provision and management of human resources functions
- Industries
- Coming Soon
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
NORTHSTANDARD GROUP SERVICES LIMITED demonstrates a generally prompt payment trend, with an average payment time of 24 days and 78% of invoices settled within 30 days. This indicates a commitment to timely payments for the majority of their obligations. However, the 34% late payment rate suggests that while overall speed is good, a significant subset of payments falls outside agreed terms.
Volatility Analysis
While the majority of payments are prompt, the 34% late payment rate, combined with 22% of payments extending beyond 30 days (13% 31-60 days, 9% over 60 days), indicates notable volatility in payment reliability. Suppliers may experience unpredictable delays for individual invoices, despite the good average performance. This suggests a moderate risk of extended payment cycles for a portion of transactions.
Summary Analysis
Based on the data, NORTHSTANDARD GROUP SERVICES LIMITED generally pays quickly on average, making them a viable client for suppliers. However, the 34% late payment rate and instances of payments exceeding 60 days warrant caution and close monitoring. Suppliers should consider establishing clear payment terms and potentially implementing staged invoicing or a buffer for working capital to mitigate the risk of intermittent delays.
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 |
|---|---|---|---|---|---|---|
| 21 Aug 2024 - 20 Feb 2025 | 20 Mar 2025 | 24 | 78% | 13% | 9% | 34% |
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
We do not have standard payment terms and we don't impose any payment terms on our 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
30
Dispute Resolution Process
No formal dispute resolution process. Any disputes or queries would be dealt with individual suppliers as they arise.
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.
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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
NORTHSTANDARD GROUP SERVICES LIMITED is a private limited company. Its name signifies that it provides services, with "Group Services" indicating these are offered to a group of businesses or as a central function within a broader organisation.
The company is active and was incorporated on 10 February 2000 under company number 03922841. Its registered office is located at 100 The Quayside, Newcastle Upon Tyne, NE1 3DU, placing its operations within the North East region of the United Kingdom.
Companies structured as 'Group Services' typically provide centralised support functions across various departments within a corporate group. These can include administrative support, human resources, finance, information technology, procurement, or facilities management, aiming to achieve operational efficiencies and standardise processes for the entities they serve.
