CHALLENGE-TRG RECRUITMENT LIMITED
Company Information
- Company Number
- 03974669
- Registered Address
- C/O Frp Advisory Trading Ltd 4th Floor Abbey House 32, Booth Street, Manchester, M2 4AB
- Status
- In Administration
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 17 April 2000
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
CHALLENGE-TRG RECRUITMENT LIMITED demonstrates a generally prompt payment trend with an average payment time of 26 days. A significant majority (67%) of invoices are settled within 30 days, indicating a consistent commitment to timely payments for most obligations.
Volatility Analysis
While most payments are timely, approximately 33% of invoices extend beyond the 30-day mark, introducing some payment volatility and less predictable cash flow for suppliers. The 5% of payments falling into the "over 60 days" or "late" category represents a low but present risk for significant payment delays.
Summary Analysis
CHALLENGE-TRG RECRUITMENT LIMITED is a largely reliable payer, with the majority of invoices settled within 30 days, making them a generally favorable partner. Suppliers should factor in the 33% chance of payments extending beyond 30 days and consider robust credit checks or diversified payment terms for high-value contracts to manage potential cash flow impacts.
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 |
|---|---|---|---|---|---|---|
| 01 Oct 2023 - 31 Mar 2024 | 04 Jun 2024 | 26 | 67% | 28% | 5% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 05 Feb 2020 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 11 | 98% | 2% | 0% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 22 May 2019 | 11 | 98% | 2% | 0% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 12 | 98% | 2% | 0% | 2% |
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 which tends to be the 'norm' in the sector. Payments are only paid outside of this period if preferential terms are agreed (tends to be with larger supplier) or in the event of a query.
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
60
Dispute Resolution Process
Most queries are largely due to not matching the purchase order issued or after being reviewed and the price for the service not agreed. This is fed back by accounts payable to the suppliers query/accounts receivable team and usually resolved within 7-10 days.
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
CHALLENGE-TRG RECRUITMENT LIMITED is a private limited company specialising in recruitment. Based on its name and structure, the organisation operates within the recruitment industry.
The company was incorporated on 17 April 2000 under company number 03974669. Its registered office is located at C/O Frp Advisory Trading Ltd 4th Floor Abbey House 32, Booth Street, Manchester, M2 4AB. The company is currently In Administration.
As a recruitment company, this type of organisation typically provides a range of services within the UK market. These often include sourcing and screening candidates for permanent or temporary roles, managing interview processes, and facilitating placements across various industries.
