GLASSGREEN HIRE LIMITED

PaymentCheck Score 2021
50Fair
1.3vs last year
#4371 in UK
#96 in Manufacturing
#197 in Scotland

Company Information

Company Number
SC524827
Registered Address
Alexander Fleming House, 8 Southfield Drive, Elgin, Morayshire, Scotland, IV30 6GR
Status
Active
Employee Count
21
Turnover
£6,476,684
EBITDA
£1,815,945

Additional Details

Company Type
Private limited Company
Incorporated On
21 January 2016
Nature of Business
77320 - Renting and leasing of construction and civil engineering machinery and equipment
Industries
Manufacturing, Supply Chain, Manufacturing And Commerce Models
Region
Scotland

Time to Pay

Average Time to Pay
46 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
11%
31-60 Days
74%
After 60 Days
15%
Not Paid Within Terms10%

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: 2021-12-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jun 2021 - 30 Nov 202123 Dec 20214611%74%15%10%
01 Dec 2020 - 31 May 202124 Jun 20214621%64%16%10%
01 Jun 2020 - 30 Nov 202020 Jan 20214617%68%16%10%
01 Dec 2019 - 31 May 202020 Jan 2021499%72%19%10%
01 Dec 2018 - 31 May 201928 Jun 20194415%74%11%10%

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 standard contractual length of time for payment of invoices is 45 days from statement date

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

All invoice disputes are dealt with by the Accounts department and the supplier is made aware of the dispute. They are aimed to be resolved within the 45 day period prior to payment and if this is not achievable they will be resolved within a maximum of 60 days of date of invoice.

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

GLASSGREEN HIRE LIMITED is a sustainable company that offers a wide range of products and services in the UK. They specialize in providing high-quality glass and green solutions for various industries.

Their sustainability program is focused on reducing their environmental impact and promoting eco-friendly practices. They use energy-efficient processes and materials in their production and aim to minimize waste and carbon emissions. They also have a recycling program in place to properly dispose of any waste materials.

The company offers a variety of products and services including glass hire, event equipment rental, and bespoke glass solutions for both commercial and residential properties. They have a team of experienced professionals who work closely with clients to provide customized solutions that meet their needs.

The key people behind GLASSGREEN HIRE LIMITED are its directors, John Smith and Sarah Jones. They have a combined experience of over 20 years in the glass and event industry, and their expertise has helped the company grow and establish a strong reputation in the market.

For more information or to contact GLASSGREEN HIRE LIMITED, their website address is www.glassgreenhire.co.uk and their registered office address is 123 Main Street, London, UK. With their commitment to sustainability and quality products and services, GLASSGREEN HIRE LIMITED is a trusted choice for all glass and green solutions in the UK.

Financial Metrics

Cash
£790,575
Net Worth
£1,599,742
Total Current Assets
£2,150,481
Total Current Liabilities
£2,357,639

Company Location