Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average payment time for SPS INVESTMENTS GROUP LIMITED is 30 days; however, nearly half (48%) of payments consistently extend into the 31-60 day period. This indicates a consistent trend where payments frequently exceed the initial 30-day mark, rather than being strictly on time. The overall trajectory suggests a slight but persistent tendency for payment cycles to lean towards the longer end of the 30-60 day range.
Payment reliability is moderate, as less than half (46%) are consistently paid within 30 days, with a significant 48% falling into the 31-60 day bracket. The 10% overall late payment rate and 6% of payments exceeding 60 days highlight a measurable risk of unpredictable and extended delays for a subset of transactions. Suppliers should anticipate that payment timelines may often exceed the stated average.
SPS INVESTMENTS GROUP LIMITED demonstrates a moderate payment risk profile; suppliers should anticipate a significant likelihood of payments taking 31-60 days rather than consistently within 30 days. Key decision factors include managing cash flow expectations and the potential need for follow-up on delayed invoices. To mitigate risk, consider establishing explicit longer payment terms or implementing staggered credit limits with close monitoring of early payment performance.
| 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 2021 - 31 Mar 2022 | 27 Apr 2022 | 34 | 47% | 43% | 10% | 10% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 30 | 46% | 48% | 6% | 10% |
| 01 Apr 2020 - 30 Sept 2020 | 14 Oct 2020 | 21 | 69% | 26% | 5% | 10% |
| 01 Oct 2019 - 31 Mar 2020 | 17 Apr 2020 | 25 | 58% | 34% | 8% | 8% |
| 01 Apr 2019 - 30 Sept 2019 | 23 Oct 2019 | 24 | 63% | 29% | 8% | 5% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 29 | 55% | 32% | 13% | 12% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 31 | 48% | 41% | 11% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Normally 30 days
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
93
Through email then verbal communication before any contractual measures are taken
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
SPS Investments Group Limited is registered as a head office entity, sharing its Bradford registered address with Driver Hire Group Services Ltd. Evidence indicates it forms part of the Driver Hire group, which trades as Driver Hire, a logistics recruitment network operating over 100 offices across the UK. The group supplies temporary and permanent driving and non-driving staff, provides Driver CPC training and licence acquisition services, and operates a franchise model for local offices. Candidates can register for job alerts, while clients use the network to source drivers and warehouse staff. SPS Investments Group Limited itself functions as a holding entity within this structure rather than as the operating recruitment business.
Generated from the company's website and Companies House records. Sources: driverhire.co.uk · driverhire.co.uk