Score of 80.9/100 qualifies for PaymentCheck Certification
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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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. All suppliers are paid on 30 days terms or less.
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
The company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible and to everyone's satisfaction, prior to payment being made. In the event that a dispute cannot be resolved by our accounts payable team, it would be escalated in the first instance to the relevant Manager to seek a resolution.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
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.
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