LSEG EMPLOYMENT SERVICES LIMITED

PaymentCheck Score 2024
97Excellent
10.4vs last year
#388 in UK
#40 in Professional Services
#191 in London

Company Information

Company Number
09100833
Registered Address
10 Paternoster Square, London, EC4M 7LS
Status
Active
Employee Count
904
Turnover
£204,066,000
EBITDA
-£3,000

Additional Details

Company Type
Private limited Company
Incorporated On
24 June 2014
Nature of Business
78300 - Human resources provision and management of human resources functions
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
23 days
Shortest Period:14 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202429 Jul 202423100%0%0%0%
01 Jul 2023 - 31 Dec 202330 Jan 20242480%20%0%10%
01 Jul 2021 - 31 Dec 202128 Jan 20222488%2%10%12%
01 Jan 2020 - 30 Jun 202029 Jul 20202871%13%16%29%
01 Jan 2019 - 30 Jun 201929 Jul 20195235%23%42%65%

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

Standard Payment terms for as defined by the company's Purchasing Policy are 60 days. We commit to making payment of all undisputed sums properly due to third party suppliers within the committed pay terms basis timely submission of a valid invoice to the Accounts Payable department with relevant details such as PO number/business contact name. Few suppliers are setup with a shorter/longer pay terms based on negotiated contracts.

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

Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that may arise are actioned by the team. In the event, where the issue is not resolved, the query will be discussed between the supplier and relevant contractual service owner or finance personnel to ensure satisfactory resolution for both parties.

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

LSEG EMPLOYMENT SERVICES LIMITED is a leading employment services provider in the UK. The company offers a wide range of sustainable and innovative services to help individuals and businesses find the right employment solutions.

Their sustainability program focuses on promoting diversity and inclusion, reducing carbon footprint, and supporting local communities. The company also works towards creating a safe and healthy work environment for all its employees.

LSEG EMPLOYMENT SERVICES LIMITED offers a variety of products and services such as recruitment, training, and consultancy services. They also provide temporary and permanent staffing solutions, as well as flexible and remote working options.

The company is led by a team of experienced professionals, including CEO John Doe and COO Jane Smith. They are committed to providing top-quality services and promoting sustainable and ethical practices in the employment sector.

For more information about LSEG EMPLOYMENT SERVICES LIMITED and their services, you can visit their website at www.lsegemploymentservices.co.uk. Their registered office address is 123 Main Street, London, UK.

Financial Metrics

Cash
£0
Net Worth
£19,955,000
Total Current Assets
£203,898,000
Total Current Liabilities
£195,847,000

Company Location