Score of 93.7/100 qualifies for PaymentCheck Certification
| 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 Dec 2020 - 31 May 2021 | 16 Sept 2021 | 14 | 90% | 7% | 3% | 10% |
| 01 Jun 2020 - 30 Nov 2020 | 16 Sept 2021 | 15 | 87% | 11% | 1% | 13% |
| 01 Dec 2018 - 31 May 2019 | 09 Jul 2019 | 15 | 89% | 9% | 2% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms 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
No additional information
Maximum contractual payment period agreed
30
Refer to legal. Check the contracts in place. Check receipt of service / goods. Resolve with supplier
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
GIANT PRECISION SERVICES LIMITED is a leading company in the field of precision engineering, offering high-quality services and products to its clients. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes reducing energy consumption, waste reduction, and promoting the use of eco-friendly materials. They also have a recycling program in place to properly dispose of waste materials. GIANT PRECISION SERVICES LIMITED is dedicated to continuously improving their sustainability efforts and minimizing their carbon footprint.
The company offers a wide range of services, including CNC machining, welding, fabrication, and inspection services. Their products are used in various industries such as aerospace, automotive, and medical.
The key people at GIANT PRECISION SERVICES LIMITED are their skilled engineers and technicians who have extensive experience in precision engineering. They are committed to delivering high-quality products and services to their customers.
The company's website is www.giantprecision.co.uk, where customers can find more information about their services and products. The registered office address of GIANT PRECISION SERVICES LIMITED is Unit 6, Kelvin Road, Manor Trading Estate, Benfleet, Essex, SS7 4QB.
In conclusion, GIANT PRECISION SERVICES LIMITED is a well-established company that prioritizes sustainability and offers a wide range of precision engineering services and products. With their experienced team and commitment to environmental responsibility, they continue to be a trusted and reliable partner for their clients.