CAVERSHAM FINANCE LIMITED
Company Information
- Company Number
- 00785922
- Registered Address
- 11th Floor Landmark St Peter's Square, 1 Oxford St, Manchester, M1 4PB
- Status
- Dissolved
- Employee Count
- 1,994
- Turnover
- £269,225,000
- EBITDA
- £55,223,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 December 1963
- Nature of Business
- 47540 - Retail sale of electrical household appliances in specialised stores47599 - Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store64910 - Financial leasing
- Industries
- Property-related Goods And Services
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
CAVERSHAM FINANCE LIMITED exhibits an average payment time of 27 days, suggesting a primary trend of payments generally falling within a 30-day window. However, the 47% late payment rate indicates a significant inconsistency, with a substantial portion extending beyond their agreed-upon terms. Furthermore, 16% of payments exceeding 60 days points to a concerning long-tail trajectory for a segment of their invoices.
Volatility Analysis
While 70% of payments are made within 30 days, the elevated 47% late payment rate introduces significant unpredictability regarding specific invoice settlement reliability. The substantial 30% of payments extending beyond 30 days (14% in 31-60, 16% over 60) signals a degree of volatility and potential cash flow disruption for suppliers. This broad spread in payment timings suggests a moderate risk profile for suppliers relying on highly consistent, on-time payments.
Summary Analysis
CAVERSHAM FINANCE LIMITED presents a mixed payment profile; while the average payment time is acceptable, the significant percentage of late payments and those extending beyond 60 days is a key concern for suppliers. Suppliers should specifically factor in the 47% late rate and the 16% over 60 days when establishing credit terms and managing their cash flow expectations. To mitigate risk, consider setting clear payment terms, closely monitoring outstanding invoices, and potentially implementing stricter credit limits initially.
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 Apr 2019 - 30 Sept 2019 | 16 Oct 2019 | 27 | 70% | 14% | 16% | 47% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 34 | 63% | 16% | 21% | 53% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 31 | 63% | 19% | 18% | 51% |
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
30 days
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
Dispute Resolution Process
We have an accounts payable team which responds to complaints received on email or over the phone. They resolve queries as soon as possible.
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
CAVERSHAM FINANCE LIMITED was a private limited company. Its name indicates its operations were focused within the finance sector.
Incorporated on 24 December 1963, CAVERSHAM FINANCE LIMITED was registered under company number 00785922. The company's registered office was at 11th Floor Landmark St Peter's Square, 1 Oxford St, Manchester, M1 4PB, and its location was classified as 'Other'. The company is now dissolved.
In the UK market, finance companies typically specialise in providing a range of financial services. These often include various forms of lending, such as business or personal loans, and financial advisory services. They may also facilitate investments or offer asset finance solutions.
