GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED
Company Information
- Company Number
- 06569621
- Registered Address
- Plant, Basing View, Basingstoke, England, RG21 4HG
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 17 April 2008
- Nature of Business
- 28990 - Manufacture of other special-purpose machinery not elsewhere classified
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED exhibits a clear trend of extended payment cycles, with an average payment time of 72 days. A significant majority of payments, 71%, extend beyond 30 days, with 39% falling into the 'over 60 days' category. This indicates a consistent trajectory towards longer payment terms rather than prompt settlement.
Volatility Analysis
The company's payment behavior indicates high volatility and low predictability, with a substantial 50% of invoices paid late. While 32% of payments fall into the 31-60 day range, a significant 39% extend beyond 60 days, suggesting an unpredictable payment cadence. This exposes suppliers to considerable cash flow risk due to the extended and inconsistent timing of settlements.
Summary Analysis
Suppliers should approach GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED with caution due to the consistently slow and volatile payment patterns. It is recommended to factor in potential cash flow delays and consider negotiating shorter payment terms or upfront deposits. Implement strict credit limits and monitor payment performance diligently to mitigate associated risks.
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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 72 | 29% | 32% | 39% | 50% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 79 | 27% | 33% | 40% | 23% |
| 01 Apr 2024 - 30 Sept 2024 | 24 Oct 2024 | 75 | 23% | 36% | 41% | 26% |
| 01 Oct 2023 - 31 Mar 2024 | 26 Apr 2024 | 77 | 24% | 34% | 42% | 23% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 68 | 27% | 36% | 37% | 24% |
| 01 Oct 2022 - 31 Mar 2023 | 12 May 2023 | 60 | 41% | 30% | 29% | 14% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 60 | 40% | 32% | 28% | 16% |
| 01 Oct 2021 - 31 Mar 2022 | 12 May 2022 | 63 | 40% | 29% | 31% | 16% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 67 | 37% | 30% | 33% | 23% |
| 01 Oct 2020 - 31 Mar 2021 | 10 May 2021 | 72 | 33% | 33% | 34% | 19% |
| 01 Apr 2020 - 30 Sept 2020 | 05 Nov 2020 | 77 | 30% | 30% | 40% | 24% |
| 01 Oct 2019 - 31 Mar 2020 | 11 May 2020 | 69 | 27% | 37% | 36% | 21% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 73 | 27% | 33% | 40% | 23% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 75 | 27% | 31% | 42% | 13% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 77 | 26% | 30% | 44% | 25% |
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
Save where different payment terms are specified on the front of the Order GGS shall pay all invoices by the end of the second month following the month of invoice provided the Supplier has complied with its obligations under the Order. Each invoice shall clearly state the applicable Order number and shall be sent by the Supplier to GGS at the address specified on the front of the Order referencing the applicable advice note number and date.
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
150
Dispute Resolution Process
The Company seeks to resolve all disputes where possible via negotiation. The Company has a dedicated Accounts Payable team which is reachable by phone and email in the first instance by Vendors who believe that invoices have not been paid to terms. The Accounts Payable team will investigate with the Purchasing department to understand why invoices have not been approved for payment to rectify the issue and process the invoice for payment. The Purchasing department will investigate the dispute to seek resolution with their main point of contact at the Vendor. In the event that the dispute cannot be resolved via Negotiation the matter will be passed to the Legal department to manage. In this event the Company will move to the use of Mediators and then Arbitrators to seek resolution. If both are unsuccessful the dispute will move to litigation.
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.
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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
GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED is an active private limited company, incorporated on 17 April 2008
Its name indicates the provision of global solutions and international operations
The company is registered under company number 06569621
Its registered office is located at Plant, Basing View, Basingstoke, England, RG21 4HG, positioning the company within the South East region
Companies operating under the name "Global Solutions" typically specialise in delivering comprehensive business solutions
These often encompass integrated technology, consulting services, or specialised equipment designed to enhance operational efficiency and address complex challenges for organisations across diverse sectors
