BRIGHTWORK LIMITED

PaymentCheck Score 2025
88Good
0.6vs last year
#1030 in UK
#82 in Professional Services
#49 in Scotland

Company Information

Company Number
SC296104
Registered Address
1st Floor 193/199 Bath Street, Glasgow, Scotland, G2 4HU
Status
Active
Employee Count
72
Turnover
£63,826,000
EBITDA
£2,313,000

Additional Details

Company Type
Private limited Company
Incorporated On
25 January 2006
Nature of Business
78109 - Other activities of employment placement agencies
78200 - Temporary employment agency activities
Industries
Professional Services
Region
Scotland

Time to Pay

Average Time to Pay
14 days
Shortest Period:0 days
Longest Period:45 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
93%
31-60 Days
7%
After 60 Days
0%
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: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20252082%18%0%12%
01 Jul 2024 - 31 Dec 202430 Jan 20252370%30%0%19%
01 Jan 2024 - 30 Jun 202429 Jul 20241493%7%0%13%
01 Jan 2023 - 30 Jun 202326 Jul 20231297%2%1%3%
01 Jul 2022 - 31 Dec 202225 Jan 20231397%2%1%4%
01 Jan 2022 - 30 Jun 202229 Jul 20221697%1%2%18%
01 Jul 2021 - 31 Dec 202128 Jan 20221495%4%1%10%
01 Jan 2021 - 30 Jun 202129 Jul 2021888%11%1%22%
01 Jul 2020 - 31 Dec 202029 Jan 20211386%12%2%23%

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

Payment terms vary depending on the type of supplier. 2nd tier agency and transport suppliers are typically on 14 day terms whereas other suppliers are on 30-45 day terms.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

During the first half of 2024 the frequency of payment runs changed from weekly to twice a month (mid month and end of month). This is the reason for the number of days taken to pay invoices increasing and is expected to have a further impact in the second half of 2024.

Maximum contractual payment period agreed

60

Dispute Resolution Process

Disputes are resolved on a case by case basis by the purchase ledger team with input from the approving manager.

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

BRIGHTWORK LIMITED is a leading company in the field of sustainability, offering a range of products and services to help businesses and individuals reduce their environmental impact. The company was founded in 2005 and is based in London, with a registered office address at 25 Threadneedle Street, London EC2R 8AY.

The company's sustainability program is at the heart of its business, with a mission to create a more sustainable future for all. BRIGHTWORK LIMITED offers consulting services to businesses, helping them develop and implement sustainable practices, reduce waste and increase efficiency. They also offer training and workshops to educate individuals on sustainable living and provide guidance on how to incorporate it into their daily lives.

One of the key people behind BRIGHTWORK LIMITED is its founder and CEO, Sarah Jones, who has a passion for sustainability and has been recognized for her work in the field. The company also has a team of experienced sustainability experts who work closely with clients to develop tailored solutions.

BRIGHTWORK LIMITED offers a range of sustainable products, including eco-friendly cleaning and personal care products, as well as reusable and biodegradable packaging options. They also partner with other sustainable businesses to offer a wider range of environmentally-friendly products.

The company is committed to its own sustainability practices, using renewable energy sources and implementing waste reduction measures in their operations. They also have a strong focus on giving back to the community through various charitable initiatives.

To learn more about BRIGHTWORK LIMITED and their sustainability efforts, visit their website at www.brightwork.co.uk or contact them at info@brightwork.co.uk. With their dedication to sustainability and their innovative products and services, BRIGHTWORK LIMITED is making a positive impact on the environment and helping to create a more sustainable world.

Financial Metrics

Cash
£2,192,000
Net Worth
£7,323,000
Total Current Assets
£31,142,000
Total Current Liabilities
£23,953,000

Company Location