GIANT PRECISION SERVICES LIMITED

PaymentCheck Score 2021
94Excellent
1.4vs last year
#613 in UK
#62 in Professional Services
#289 in London

Company Information

Company Number
10315415
Registered Address
Fourth Floor, 90 High Holborn, London, England, WC1V 6LJ
Status
Active
Employee Count
238
Turnover
£12,415,000
EBITDA
£3,000

Additional Details

Company Type
Private limited Company
Incorporated On
5 August 2016
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
15 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
87%
31-60 Days
11%
After 60 Days
1%
Not Paid Within Terms13%

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: 2021-09-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Dec 2020 - 31 May 202116 Sept 20211490%7%3%10%
01 Jun 2020 - 30 Nov 202016 Sept 20211587%11%1%13%
01 Dec 2018 - 31 May 201909 Jul 20191589%9%2%1%

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 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

Dispute Resolution Process

Refer to legal. Check the contracts in place. Check receipt of service / goods. Resolve with supplier

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

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.

Financial Metrics

Cash
£10,046,310
Net Worth
£305,315
Total Current Assets
£10,277,360
Total Current Liabilities
£9,972,045

Company Location