WELLINGTON REALISATIONS LIMITED
Company Information
- Company Number
- 00470381
- Registered Address
- Level 8 Central Square, 29 Wellington Street, Leeds, England, LS1 4DL
- Status
- Dissolved
- Employee Count
- 411
- Turnover
- £40,789,000
- EBITDA
- £2,358,000
Additional Details
- Website
- https://relyonsoft.com/
- Company Type
- Private limited Company
- Incorporated On
- 1 July 1949
- Nature of Business
- 31030 - Manufacture of mattresses31090 - Manufacture of other furniture
- Industries
- Property-related Goods And Services, Software
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
WELLINGTON REALISATIONS LIMITED consistently settles invoices within the 31-60 day window, with 94% of payments falling into this period and an average payment time of 45 days. This establishes a predictable payment pattern, albeit outside standard 30-day terms, indicating a trajectory towards 45-day settlements.
Volatility Analysis
While 94% of payments are predictably made within 31-60 days, the 39% late payment rate indicates a significant risk of non-adherence to agreed-upon standard payment terms (e.g., 30 days). Suppliers should anticipate payments around the 45-day mark, acknowledging the potential for payments to exceed their contractual due dates.
Summary Analysis
Suppliers should factor in a typical 45-day payment cycle when dealing with WELLINGTON REALISATIONS LIMITED and adjust cash flow projections accordingly. Consider negotiating payment terms of 45 or 60 days to align with their established payment behavior and mitigate the perceived "late" payment risk associated with a 30-day term. While reliable within their observed cycle, the high late payment percentage against standard terms necessitates clear contractual alignment.
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 2019 - 31 Mar 2020 | 11 Jun 2020 | 41 | 13% | 85% | 2% | 46% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 45 | 6% | 94% | 1% | 39% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 43 | 14% | 86% | 0% | 40% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 45 | 11% | 88% | 1% | 27% |
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
Most frequently used payment terms is 30 days NET.
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
Disputed invoices are placed on hold and referred back to the supplier by the supply chain team or finance team. Once resolved the invoice is released for payment.
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.
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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.
❌
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
WELLINGTON REALISATIONS LIMITED was a Private limited Company. Its name indicates a specialisation in the realisation of assets, a process typically associated with converting non-liquid assets into cash. Such operations often occur during business restructuring or cessation.
The company was incorporated on 1 July 1949 under company number 00470381. It was based in Yorkshire, with its registered office located at Level 8 Central Square, 29 Wellington Street, Leeds, England, LS1 4DL. WELLINGTON REALISATIONS LIMITED is currently dissolved.
In the UK market, a private limited company with a focus on "realisations" typically provides services related to the management and disposal of corporate assets. This involves liquidating assets, settling liabilities, and distributing any remaining proceeds, often in the context of business winding up or insolvency proceedings.
