HIGGINS HOMES PLC
Company Information
- Company Number
- 00843093
- Registered Address
- One Langston Road, Loughton, Essex, IG10 3SD
- Status
- Active
- Employee Count
- 8
- Turnover
- £16,777,000
- EBITDA
- -£5,310,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 29 March 1965
- 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
Over the past three periods, there has been a general downward trend in the average time taken for HIGGINS HOMES PLC to pay their invoices. In the most recent period, the average time to pay has decreased significantly to only 17 days, compared to 40 days in the previous period and 52 days in the period before that.
Volatility Analysis
There has been a high level of volatility in the percentage of invoices paid within 30 days by HIGGINS HOMES PLC. In the most recent period, this percentage has increased to 76%, a significant jump from 50% in the previous period and 42% in the period before that.
Summary Analysis
The most recent period (Feb 2023 - July 2023) shows the best performance for HIGGINS HOMES PLC, with an average time to pay of only 7 days, an increase in the percentage of invoices paid within 30 days to 95%, and a decrease in the percentage of invoices paid later than 60 days to only 3%. This is a significant improvement from the previous period (Aug 2022 - Jan 2023), where the average time to pay was 35 days, only 50% of invoices were paid within 30 days, and 24% of invoices were paid later than 60 days.
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 | 17 | 76% | 24% | 0% | 59% |
| 01 Aug 2022 - 31 Jan 2023 | 12 Apr 2023 | 1 | 100% | 0% | 0% | 13% |
| 01 Feb 2022 - 31 Jul 2022 | 12 Apr 2023 | 7 | 95% | 3% | 2% | 27% |
| 01 Aug 2021 - 31 Jan 2022 | 16 Feb 2022 | 35 | 50% | 42% | 8% | 52% |
| 01 Feb 2021 - 31 Jul 2021 | 10 Nov 2021 | 69 | 38% | 50% | 12% | 36% |
| 01 Aug 2020 - 31 Jan 2021 | 10 Nov 2021 | 40 | 42% | 50% | 9% | 38% |
| 01 Feb 2020 - 31 Jul 2020 | 10 Nov 2021 | 43 | 39% | 45% | 16% | 57% |
| 01 Aug 2019 - 31 Jan 2020 | 10 Nov 2021 | 52 | 19% | 61% | 19% | 53% |
| 01 Feb 2019 - 31 Jul 2019 | 02 Jan 2020 | 44 | 16% | 77% | 7% | 43% |
| 01 Aug 2018 - 31 Jan 2019 | 29 Jul 2019 | 46 | 11% | 81% | 8% | 43% |
| 01 Aug 2017 - 31 Jan 2018 | 06 Mar 2018 | 36 | 41% | 51% | 8% | 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
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
Invoice queries are referred to the bought ledger department for investigation. Subcontract queries are handled by the commercial team.
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 Homes PLC is a leading property development company in the UK, founded in 1965. They specialize in creating high-quality homes and communities with a focus on sustainability and environmental responsibility.
The company has a strong sustainability program, with a commitment to reducing their carbon footprint and promoting sustainable living. They have implemented various initiatives such as using sustainable materials in their construction, installing energy-efficient systems, and promoting sustainable transport options in their developments.
Higgins Homes PLC offers a range of products and services, including new build homes, refurbished properties, and commercial developments. They also provide a range of amenities such as communal gardens, open spaces, and leisure facilities to enhance the overall living experience for their customers.
The key people at Higgins Homes PLC include CEO and Chairman, David Higgins, and Managing Director, Steve Lees. They are supported by a team of experienced professionals who are dedicated to delivering high-quality, sustainable developments.
Contact information for Higgins Homes PLC includes their website address, www.higginshomes.co.uk, where customers can find information about their current and upcoming developments. Their registered office address is 1 Station Road, Loughton, Essex IG10 4NX, United Kingdom.
In summary, Higgins Homes PLC is a reputable property development company in the UK, known for their commitment to sustainability and creating high-quality homes. With a strong focus on environmental responsibility, they offer a range of products and services to meet the needs of their customers. Led by a team of experienced professionals, Higgins Homes PLC continues to make a positive impact in the community through their sustainable developments.
