ISG ENGINEERING SERVICES LIMITED
Company Information
- Company Number
- 10289327
- Registered Address
- Aldgate House, 33 Aldgate High Street, London, United Kingdom, EC3N 1AG
- Status
- Active
- Employee Count
- 277
- Turnover
- £177,800,000
- EBITDA
- £10,327,000
Additional Details
- Website
- https://isgplc.com
- Company Type
- Private limited Company
- Incorporated On
- 21 July 2016
- Nature of Business
- 42990 - Construction of other civil engineering projects not elsewhere classified
- Industries
- Infrastructure And Construction
- 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 2024 - 30 Jun 2024 | 29 Jul 2024 | 36 | 54% | 33% | 13% | 49% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 32 | 62% | 31% | 7% | 45% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 27 | 78% | 20% | 2% | 28% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 27 | 77% | 20% | 3% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 29 | 73% | 24% | 3% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 34 | 66% | 24% | 10% | 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
The company does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Prompt Payment Code statistics : - Average time to pay in days is 33 - % of Payments 30 days or fewer 69% - % of Payments 31 to 60 Days 23% - % of Payments above 60 Days 8% - % of Payments not paid in Agreed Period 54%
Maximum contractual payment period agreed
60
Dispute Resolution Process
The company actively seeks to resolve disputes in a timely manner. This process will involve the Accounts Payable team and where necessary the Supply Chain team, Commercial teams and Senior Management. A member of the team will contact the supplier to discuss the dispute. Supplier relationships, managed more & more in a structured way, ensure we very rarely have the need for formal dispute resolution processes. If it is not possible to reach an agreement suitable to both parties then other methods of dispute resolution may include but are not limited to adjudication, litigation etc. as determined by the companies’ legal department. This is very much seen as a last resort.
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.
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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?
❌
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
ISG Engineering Services Limited is a leading engineering company that provides a wide range of services to clients in the UK and internationally. With over 40 years of experience, they have built a strong reputation for delivering high-quality projects and services to their clients.
Their sustainability program is a key focus for the company, with a commitment to reducing their environmental impact and promoting sustainable practices. They have implemented various initiatives such as energy-efficient designs, waste management strategies, and promoting the use of renewable materials in their projects.
The company offers a diverse range of products and services, including construction, engineering, and project management. They specialize in a variety of sectors, including commercial, education, healthcare, and residential. Their team of highly skilled engineers and technicians work closely with clients to deliver innovative and cost-effective solutions.
Key people in the company include the CEO, John O’Neill, who has over 20 years of experience in the construction industry, and the Managing Director, Sarah McMonagle, who has a background in engineering and project management. Their expertise and leadership have been instrumental in the company's success.
For more information about ISG Engineering Services Limited and their services, you can visit their website at www.isgplc.com. Their registered office address is 222 Grays Inn Road, London, WC1X 8HB, United Kingdom.
