VISTRY HOMES LIMITED
Company Information
- Company Number
- 00397634
- Registered Address
- 11 Tower View, Kings Hill, West Malling, United Kingdom, ME19 4UY
- Status
- Active
- Employee Count
- 3266.0
- Turnover
- 1663354000.0
- EBITDA
- 238153000.0
Additional Details
- Website
- https://bovishomes.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 8 August 1945
- Nature of Business
- 68100 - Buying and selling of own real estate
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 | 30 Jan 2024 | 46 | 21% | 63% | 16% | 37% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 47 | 23% | 59% | 19% | 40% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 43 | 25% | 61% | 14% | 36% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 46 | 26% | 57% | 17% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 44 | 27% | 58% | 15% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 44 | 36% | 49% | 15% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 40 | 43% | 43% | 14% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Aug 2020 | 48 | 30% | 48% | 22% | 37% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 38 | 40% | 52% | 9% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 37 | 45% | 47% | 8% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 38 | 48% | 39% | 13% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 29 | 68% | 22% | 10% | 26% |
Company Summary
Vistry Homes Limited is a UK-based company that specializes in the development and construction of sustainable homes
They are committed to creating environmentally-friendly and energy-efficient properties that meet the needs and expectations of their customers
The company offers a range of products and services including new home construction, property sales, and rental properties
They also provide a variety of options for customers to personalize their homes, such as interior design choices and energy-efficient upgrades
Vistry Homes Limited has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact
This includes using sustainable materials in their construction, implementing energy-efficient technologies, and promoting recycling and waste reduction
The key people behind Vistry Homes Limited are CEO Greg Fitzgerald and Executive Chairman Peter Redfern, both of whom have extensive experience in the construction and property development industry
The company's website (https://www.vistrygroup.co.uk/vistry-homes/) provides information on their current developments, available properties, and sustainability efforts
Their registered office address is located at 11 Tower View, Kings Hill, West Malling, Kent, ME19 4UY
Company Review
Trend Analysis
The average time taken by VISTRY HOMES LIMITED to pay invoices has been gradually increasing over the past three periods, with a significant jump from 29 days in 2018 to 46 days in 2023. This suggests a potential issue with payment efficiency.
Volatility Analysis
The percentages of invoices paid within 30 days and between 31 and 60 days have been fluctuating over the past three periods, while the percentage of invoices paid later than 60 days has been steadily increasing, indicating a potential problem with delayed payments.
Summary Analysis
From 2018 to 2023, VISTRY HOMES LIMITED has seen a gradual increase in the average time taken to pay invoices, with a significant jump in 2023. The percentage of invoices paid within 30 days has decreased from 68% in 2018 to 23% in 2023, while the percentage of invoices paid between 31 and 60 days has remained relatively stable. The percentage of invoices paid later than 60 days has steadily increased from 10% in 2018 to 19% in 2023. This suggests a potential issue with delayed payments and a decrease in efficiency in paying invoices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Where payment relates to services provided by a subcontractor, payment of any sum ascertained as due in accordance with Vistry’s Trade Contract Terms & Conditions shall become due 14 days after the application date (the “payment due date”). The final date for payment is 14 days after the payment due date (i.e. 28 days from the application date). Where the payment relates to goods or services the terms differ and are required to be paid the month after the month of the date of the invoice, unless agreed otherwise.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
61
Dispute Resolution Process
Dispute resolution is a three step process that starts with the dispute being referred to the relevant Manager within the business. Vistry and the Vendor will then seek to settle the dispute by negotiation. If the dispute is not resolved it shall be referred to expert determination.
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?
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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
