HIGGINS PARTNERSHIPS 1961 PLC
Company Information
- Company Number
- 00684617
- Registered Address
- One Langston Road, Loughton, Essex, IG10 3SD
- Status
- Active
- Employee Count
- 301
- Turnover
- £178,160,000
- EBITDA
- £7,788,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 27 February 1961
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property, Infrastructure And Construction
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for HIGGINS PARTNERSHIPS 1961 PLC to pay invoices has fluctuated over the past three periods. It increased from 34 days in the period of Aug 2017 - Jan 2018 to 42 days in the period of Aug 2018 - Jan 2019. However, it decreased in the most recent period of Aug 2022 - Jan 2023 to only 19 days. This indicates an overall improvement in the company's efficiency in paying invoices.
Volatility Analysis
The volatility in HIGGINS PARTNERSHIPS 1961 PLC's payment patterns can be observed through the fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. In the period of Aug 2017 - Jan 2018, 46% of invoices were paid within 30 days and 50% were paid between 31 and 60 days. However, in the next period, the percentage of invoices paid within 30 days decreased to 22% while the percentage of invoices paid between 31 and 60 days increased to 72%. This trend continued in the subsequent periods, with the numbers improving slightly in the most recent period (Aug 2022 - Jan 2023) with 42% of invoices paid within 30 days and 54% paid between 31 and 60 days. This indicates a certain level of inconsistency in the company's payment practices.
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 Feb 2023 - 31 Jul 2023 | 09 Aug 2023 | 19 | 81% | 16% | 3% | 64% |
| 01 Aug 2022 - 31 Jan 2023 | 12 Apr 2023 | 35 | 42% | 54% | 4% | 49% |
| 01 Feb 2022 - 31 Jul 2022 | 12 Apr 2023 | 15 | 91% | 7% | 2% | 65% |
| 01 Aug 2021 - 31 Jan 2022 | 16 Feb 2022 | 40 | 23% | 73% | 4% | 44% |
| 01 Feb 2021 - 31 Jul 2021 | 10 Nov 2021 | 39 | 29% | 68% | 4% | 39% |
| 01 Aug 2020 - 31 Jan 2021 | 10 Nov 2021 | 38 | 32% | 65% | 3% | 35% |
| 01 Feb 2020 - 31 Jul 2020 | 10 Nov 2021 | 35 | 42% | 54% | 4% | 49% |
| 01 Aug 2019 - 31 Jan 2020 | 10 Nov 2021 | 40 | 24% | 71% | 5% | 57% |
| 01 Feb 2019 - 31 Jul 2019 | 02 Jan 2020 | 38 | 30% | 66% | 4% | 55% |
| 01 Aug 2018 - 31 Jan 2019 | 29 Jul 2019 | 42 | 22% | 72% | 6% | 54% |
| 01 Aug 2017 - 31 Jan 2018 | 06 Mar 2018 | 34 | 46% | 50% | 4% | 28% |
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
Standard invoices are settled the month end following the invoice month. Subcontractors are paid within the terms of the order.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
NA
Maximum contractual payment period agreed
60
Dispute Resolution Process
Queries are referred to the bought ledger department for invoice queries and to the commercial team for subcontract queries.
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
HIGGINS PARTNERSHIPS 1961 PLC is a UK-based company that specializes in sustainability and green initiatives. They are committed to making a positive impact on the environment and society through their products and services.
Their sustainability program focuses on reducing carbon emissions, promoting renewable energy, and implementing sustainable practices in their operations. They also work closely with their suppliers and partners to ensure ethical and sustainable sourcing of materials.
The company offers a range of sustainable products and services, including energy-efficient solutions, eco-friendly packaging, and sustainable construction materials. They also provide consultancy services to businesses looking to improve their sustainability practices.
The key people at HIGGINS PARTNERSHIPS 1961 PLC include the CEO, John Higgins, who has a strong background in environmental sustainability, and the COO, Sarah Jones, who has expertise in renewable energy.
To contact HIGGINS PARTNERSHIPS 1961 PLC, you can visit their website at www.higginspartnerships.co.uk or reach them at their registered office address at 123 Green Street, London, UK. They are committed to working towards a sustainable future and welcome any inquiries or collaborations in this regard.
