REED SPECIALIST RECRUITMENT LIMITED
Company Information
- Company Number
- 06903140
- Employee Count
- 1,797
- Turnover
- £992,661,000
- EBITDA
- £23,404,000
Additional Details
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 16 Jul 2025 | 24 | 70% | 29% | 1% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 06 Jan 2025 | 24 | 71% | 27% | 2% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 01 Jul 2024 | 18 | 85% | 14% | 1% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 12 Jan 2024 | 17 | 88% | 11% | 1% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Jan 2023 | 17 | 87% | 12% | 1% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 17 | 88% | 11% | 1% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 05 Jan 2022 | 18 | 89% | 10% | 1% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 13 Jan 2021 | 17 | 81% | 18% | 1% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 14 | 70% | 29% | 1% | 5% |
| 01 Jul 2017 - 31 Dec 2017 | 16 Jan 2018 | 13 | 73% | 26% | 1% | 6% |
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
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. The majority of 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
60
Dispute Resolution Process
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 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.
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
REED SPECIALIST RECRUITMENT LIMITED is a leading recruitment agency based in the UK. They offer a wide range of recruitment services to both job seekers and employers across various industries.
Their sustainability program focuses on promoting ethical and responsible practices within the recruitment industry. They have implemented initiatives such as promoting diversity and inclusion, reducing their carbon footprint, and supporting local communities through charitable donations and volunteering.
The company's products and services include permanent and temporary staffing solutions, executive search, and recruitment process outsourcing. They also provide career advice, CV writing services, and job search tools for job seekers.
The key people at REED SPECIALIST RECRUITMENT LIMITED include the founder, Sir Alec Reed, who started the company in 1960, and the current CEO, James Reed, who has been leading the company since 1998.
The company's website address is www.reedglobal.com, where job seekers can search for job opportunities and employers can post job vacancies. The registered office address is Academy Court, 94 Chancery Lane, London, WC2A 1DT, United Kingdom.
In summary, REED SPECIALIST RECRUITMENT LIMITED is a reputable recruitment agency with a strong focus on sustainability, offering a wide range of recruitment services and promoting ethical practices within the industry. They have a strong leadership team and a user-friendly website for job seekers and employers.
