Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
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.
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.
| 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 Aug 2025 - 31 Jan 2026 | 28 Apr 2026 | 23 | 40% | 55% | 5% | 39% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Queries are referred to the bought ledger department for invoice queries and to the commercial team for subcontract queries.
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
Higgins Partnerships 1961 PLC trades as Higgins Partnerships, part of the Higgins Group. It operates as a construction and development delivery business, working with investors, developers, registered providers and local authorities on residential and mixed-use schemes. Its work includes joint venture developments, build to rent, estate regeneration, later living, education buildings, fire remediation, planned maintenance and decarbonisation or retrofit projects. Featured schemes include mixed-tenure residential developments in Hanwell and Hammersmith and the multi-phase redevelopment of Hayes Town Centre. The company has operated since 1961 and focuses on the design, construction and delivery of complex building projects rather than owning or letting property.
Generated from the company's website and Companies House records. Sources: higginspartnerships.co.uk · higginspartnerships.co.uk