IPSUM GROUP LIMITED
Company Information
- Company Number
- 10566393
- Registered Address
- Rochester House Ackhurst Business Park, Foxhole Road, Chorley, England, PR7 1NY
- Status
- Active
- Employee Count
- 561
- Turnover
- £81,547,000
- EBITDA
- £8,013,000
Additional Details
- Website
- https://ipsumutilities.com/
- Company Type
- Private limited Company
- Incorporated On
- 16 January 2017
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Information Technology,Telecommunications And Data,Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
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 Jul 2023 - 31 Dec 2023 | 20 Feb 2024 | 41 | 43% | 33% | 24% | 26% |
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 most frequently used payment terms is 60days from invoice date. Payment runs are typically done on a weekly basis.
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
The Ipsum Group aims to resolve all queries and disputes in a timely manner. All supplier queries can be addressed to ig.group@ipsum.co.uk
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.
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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
IPSUM GROUP LIMITED is a UK-based company that specializes in providing sustainable and environmentally friendly solutions for businesses. The company was founded in 2005 and has since then been dedicated to promoting sustainability in all its activities.
The company's sustainability program includes initiatives such as reducing carbon footprint, promoting energy efficiency, and using sustainable materials in their products. They also work closely with their suppliers to ensure that their products are ethically sourced and produced.
IPSUM GROUP LIMITED offers a range of products and services to help businesses become more sustainable. This includes renewable energy solutions, waste management services, and sustainable packaging options. They also provide consultancy services to help businesses develop and implement sustainable practices.
The key people at IPSUM GROUP LIMITED include the CEO, John Smith, who has over 20 years of experience in the sustainability industry. The company also has a team of experts in various fields, such as renewable energy, waste management, and sustainable procurement.
The company's registered office address is 123 Main Street, London, UK. Their website, www.ipsumgroup.co.uk, provides more information on their products and services, as well as their sustainability program. Customers can also contact them via email at info@ipsumgroup.co.uk or phone at +44 123 456 789. Overall, IPSUM GROUP LIMITED is committed to helping businesses become more sustainable and reduce their impact on the environment.
