GIGACLEAR LIMITED

PaymentCheck Score 2021
85Good
New Entry
#1360 in UK
#18 in Information Technology
#226 in South East

Company Information

Company Number
07476617
Registered Address
Building One, Wyndyke Furlong, Abingdon, Oxfordshire, United Kingdom, OX14 1UQ
Status
Active
Employee Count
634
Turnover
£25,735,000
EBITDA
-£14,873,000

Additional Details

Company Type
Private limited Company
Incorporated On
22 December 2010
Nature of Business
61900 - Other telecommunications activities
Industries
Information Technology,Telecommunications And Data
Region
South East

Time to Pay

Average Time to Pay
29 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
78%
31-60 Days
18%
After 60 Days
4%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2022-02-08
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202108 Feb 20222978%18%4%0%
01 Jan 2021 - 30 Jun 202129 Jul 20212878%17%5%0%

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

payment terms are net 30 paid in weekly pay run on due 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

90

Dispute Resolution Process

Handling Your Complaint: Upon receiving a complaint, our Account Department will acknowledge your contact via telephone or in writing within 24 working hours. We will keep you informed of the progress of your complaint, proposed actions and the expected time frame for resolution. Our aim is to resolve complaints in a timely manner and we will aim to reach a resolution plan within 3 working days. Complex complaints may take longer than 3 working days to provide a resolution plan. In these cases, we will regularly update you on the progress and likely timeframe. We will advise you of the outcome of your complaint in writing, once a resolution has been agreed.

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

GIGACLEAR LIMITED is a British telecommunications company that specializes in providing ultrafast and reliable broadband services to rural communities. The company was founded in 2010 and is headquartered in Abingdon, Oxfordshire.

The main activity of GIGACLEAR LIMITED is the installation and maintenance of full-fiber broadband networks in rural areas. This allows customers in these often neglected areas to have access to high-speed internet, which is crucial for modern-day communication and connectivity.

In addition to their broadband services, GIGACLEAR LIMITED is also committed to sustainability. They have implemented a sustainability program that focuses on reducing their carbon footprint and promoting environmental responsibility. This includes using renewable energy sources, reducing waste, and promoting sustainable practices within the company.

The key people at GIGACLEAR LIMITED include CEO Gareth Williams, who has over 20 years of experience in the telecommunications industry, and Chairman Charles McGregor, who has extensive experience in the energy and telecommunications sectors.

Customers can contact GIGACLEAR LIMITED through their website, which also provides information about their services, coverage areas, and pricing plans. The company's registered office address is at The Grange, Church Road, Abingdon, Oxfordshire, OX13 6AB.

In summary, GIGACLEAR LIMITED is a British telecommunications company that provides ultrafast broadband services to rural communities while also prioritizing sustainability. With their reliable services and commitment to environmentally-friendly practices, GIGACLEAR LIMITED is making a positive impact in both the telecommunications industry and the environment.

Financial Metrics

Cash
£28,062,000
Net Worth
£140,869,000
Total Current Assets
£55,102,000
Total Current Liabilities
£57,998,000

Company Location