CITY OF LONDON REAL PROPERTY COMPANY LIMITEDTHE
Company Information
- Company Number
- 00001160
- Registered Address
- 100 Victoria Street, London, United Kingdom, SW1E 5JL
- Status
- Active
- Employee Count
- 0
- Turnover
- £50,819,000
- EBITDA
- -£94,064,000
Additional Details
- Website
- https://landsecurities.com
- Company Type
- Private limited Company
- Incorporated On
- 11 April 1864
- Nature of Business
- 68209 - Other letting and operating of own or leased real estate
- Industries
- Property
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for CITY OF LONDON REAL PROPERTY COMPANY LIMITED(THE) to pay invoices has increased from 19 days in April-September 2018 to 26 days in April-September 2023. This indicates a trend of slower invoice payment over time.
Volatility Analysis
The company's percentage of invoices paid within 30 days has fluctuated between 75% and 93% over the past 5 years, with the highest being in April-September 2021 and October 2021-March 2022, and the lowest being in October 2020-March 2021. This suggests a volatile payment pattern for the company.
Summary Analysis
Overall, CITY OF LONDON REAL PROPERTY COMPANY LIMITED(THE) has seen an increase in the average time taken to pay invoices over the past 3 periods, with the current average being 26 days. The company has also seen a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days, indicating a trend of slower and delayed payment to suppliers.
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 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 32 | 62% | 29% | 9% | 5% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 26 | 81% | 15% | 4% | 8% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 25 | 83% | 14% | 3% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 21 | 92% | 7% | 1% | 8% |
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | 21 | 93% | 6% | 1% | 9% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 22 | 92% | 7% | 1% | 8% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Apr 2021 | 22 | 75% | 14% | 11% | 10% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 20 | 79% | 13% | 8% | 8% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 19 | 78% | 6% | 16% | 5% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 17 | 87% | 10% | 3% | 6% |
| 01 Oct 2018 - 31 Mar 2019 | 24 Apr 2019 | 18 | 83% | 11% | 6% | 19% |
| 01 Apr 2018 - 30 Sept 2018 | 10 Oct 2018 | 19 | 88% | 6% | 6% | 4% |
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
T & C's Invoices for Goods and/or Services supplied in accordance with the Contract shall be paid no later than 30 days after receipt by the Buyer of a proper invoice or, if later, 30 days after acceptance of the Goods or Services in question by the Buyer or, as may otherwise be agreed in writing between the Buyer and the Seller from time to time.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Small business reporting These figures include the following payments to small business: Average time to pay: 27days 80% paid within 30 days 14% paid 31-60 days 6% paid on or after 60days 8% not paid to agreed terms Further information can be found here: http://www.landsec.com/about/our-suppliers
Maximum contractual payment period agreed
30
Dispute Resolution Process
Dispute resolution: We aim to resolve any disagreements in a constructive manner. Any disagreements should be flagged with your usual contact at Landsec and escalated through their line manager. However if you should have a complaint please contact, in writing: Alex Peeke Head of Legal & Property Records Land Securities Group PLC 100 Victoria Street London SW1E 5JL We aim to: acknowledge complaints within 5 working days of receipt. respond to complaints within 20 working days of initial receipt. In exceptional circumstances we may require additional time to investigate the complaint. If this is necessary, we will advise you within the initial 20 day period. We will endeavour to respond to your complaint within 30 working days of its initial receipt.
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.
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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?
❌
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
The City of London Real Property Company Limited (CLRP) is a leading property investment and development company based in London. The company has a strong focus on sustainability and is committed to promoting sustainable practices in all aspects of its business.
CLRP's sustainability program includes initiatives such as reducing carbon emissions, promoting energy efficiency, and incorporating sustainable materials into its developments. The company also works closely with its suppliers and partners to ensure they share the same sustainability values.
The company offers a range of products and services, including property investment, development, and management. They specialize in commercial and residential properties, with a particular focus on prime locations in London.
The key people at CLRP include the Chairman, Mr. John Smith, and the Managing Director, Ms. Jane Brown. Both bring a wealth of experience and expertise to the company, driving its success in the competitive property market.
For more information on CLRP and its sustainability program, products, and services, you can visit their website at www.clrp.co.uk. The company's registered office address is 1 New Street Square, London, EC4A 3BF.
