Industry ranking
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 2019 - 31 May 2020 | 30 Jun 2020 | 10 | 96% | 4% | 0% | 4% |
| 01 Jun 2019 - 30 Nov 2019 | 31 Dec 2019 | 8 | 95% | 5% | 0% | 5% |
| 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.
❌
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
Giant Precision Services Limited is a UK-registered company forming part of Giant Group, a workforce management solutions provider founded in 1992. The wider group supplies software and managed services covering pre-employment screening, contractor onboarding, timesheet management, billing, invoicing and payroll, along with global employment and compliance solutions for businesses managing contingent workforces. Clients can operate the software themselves or use the group's managed service teams. The group's platform also supports margin-only payments and supply chain payroll consolidation for recruitment agencies. This entity represents the group's registered UK presence rather than an independently trading operation, with the group's activities including recruitment finance, screening and umbrella/PEO payroll services.
Generated from the company's website and Companies House records. Sources: giantprecision.com · giantprecision.com