Score of 90.28/100 qualifies for PaymentCheck Certification
GIANT PRECISION CONTRACTS LIMITED consistently demonstrates exceptionally fast payment trends, with an average payment time of just 16 days. A remarkable 100% of invoices are paid within 30 days, indicating a strong trajectory of reliable and early disbursements without any late payments.
The payment data for GIANT PRECISION CONTRACTS LIMITED shows zero volatility, with 0% of payments falling into 31-60 days or over 60 days categories. This indicates extremely high reliability and predictability, mitigating payment risk for suppliers as there is no history of erratic or delayed payments.
GIANT PRECISION CONTRACTS LIMITED exhibits an exceptionally strong payment risk profile, making them a highly desirable partner for suppliers. Given their consistent average payment time of 16 days and 0% late payments, suppliers can confidently extend credit terms without the need for specific payment-related risk mitigation strategies. This company represents a very low-risk counterparty, allowing suppliers to prioritize business engagement.
| 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 Jun 2025 - 30 Nov 2025 | 31 Dec 2025 | 16 | 67% | 33% | 0% | 0% |
| 01 Dec 2024 - 31 May 2025 | 04 Aug 2025 | 16 | 100% | 0% | 0% | 0% |
| 01 Jun 2024 - 30 Nov 2024 | 30 Dec 2024 | 11 | 94% | 3% | 3% | 6% |
| 01 Dec 2023 - 31 May 2024 | 23 Sept 2024 | 4 | 100% | 0% | 0% | 0% |
| 01 Jun 2023 - 30 Nov 2023 | 23 Sept 2024 | 11 | 100% | 0% | 0% | 0% |
| 01 Dec 2022 - 31 May 2023 | 23 Sept 2024 | 6 | 98% | 2% | 0% | 2% |
| 01 Jun 2022 - 30 Nov 2022 | 23 Sept 2024 | 8 | 98% | 2% | 2% | 2% |
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 CONTRACTS LIMITED is an active private limited company that operates by securing and fulfilling contracts requiring a high degree of precision. The company's name indicates a focus on delivering work with exactitude and adherence to specific contractual agreements.
Registered as company number 12668934, GIANT PRECISION CONTRACTS LIMITED was incorporated in England on 13 June 2020. Its registered office is located at Fourth Floor, 90 High Holborn, London, England, WC1V 6LJ.
Organisations with "Precision Contracts" in their name, operating as private limited companies in the UK, typically specialise in providing bespoke services or products where accuracy, quality control, and adherence to detailed specifications are paramount. This often includes industries such as specialist manufacturing, engineering, or project management, where precise execution under formal contractual terms is essential to meet client demands.
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