P.J. CAREY PLANT HIRE (OVAL) LIMITED
Company Information
- Company Number
- 00941354
- Registered Address
- 1 Hand Axe Yard 277a Gray's Inn Road, Kings Cross, London, United Kingdom, WC1X 8BD
- Status
- Active
- Employee Count
- 32
- Turnover
- £28,312,000
- EBITDA
- £2,683,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 October 1968
- Nature of Business
- 77110 - Renting and leasing of cars and light motor vehicles77320 - Renting and leasing of construction and civil engineering machinery and equipment
- Industries
- Manufacturing, Road Travel, Supply Chain, Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
P.J. CAREY PLANT HIRE (OVAL) LIMITED consistently exhibits slow payment behavior, with an average payment time of 53 days, significantly exceeding standard 30-day terms. A substantial 82% of payments fall outside 30 days, with a concerning 27% extending beyond 60 days. This trajectory clearly indicates suppliers should anticipate habitually extended payment cycles from this company.
Volatility Analysis
The company's payment practices are highly unreliable and unpredictable, as evidenced by 54% of payments being late and only 18% settled within 30 days. The significant portion of payments exceeding 60 days (27%) introduces substantial liquidity risk and unpredictability for suppliers' cash flow planning. This pattern points to a high risk of consistent and considerable payment delays.
Summary Analysis
Suppliers should anticipate significant payment delays from P.J. CAREY PLANT HIRE (OVAL) LIMITED, averaging 53 days with over half of payments being late. It is crucial to factor these extended terms into pricing and cash flow projections, and consider requesting upfront payments or enforcing strict payment milestones. Implementing clear credit limits and potentially seeking alternative payment security measures are recommended to mitigate substantial working capital risk.
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 2020 - 31 Mar 2021 | 30 Apr 2021 | 53 | 18% | 55% | 27% | 54% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 77 | 7% | 28% | 65% | 98% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 63 | 19% | 54% | 27% | 69% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 74 | 15% | 56% | 29% | 70% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 49 | 21% | 66% | 13% | 34% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 63 | 12% | 61% | 27% | 32% |
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
The Company's payment terms can vary by contract and supply type, however our standard payment terms for supplier payments are 45 days month following date of invoice. Subcontract payment terms are dependent on the specific requirements of individual projects.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
76
Dispute Resolution Process
At P J Carey Plant Hire (Oval) Limited, we strive to resolve payment queries in a timely basis. We are committed to dealing fairly with and promptly paying our suppliers and subcontractors. The method of dispute resolution used will depend on the nature of the query. In respect of our subcontractors, the dispute will be dealt with by the relevant project team who will negotiate with our subcontractor until the issue is resolved and payment is made. In respect of disputes with our suppliers, our Accounts Payable team will expedite a resolution assisted by our Procurement and relevant site teams. Should formal resolution be required, which is extremely unlikely, methods such as mediation may be used.
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
P.J. CAREY PLANT HIRE (OVAL) LIMITED is an active private limited company. Its primary business activity, as indicated by its name, focuses on the provision of plant machinery for hire.
The company was incorporated on 29 October 1968 and operates under company number 00941354. Its registered office is situated in London at 1 Hand Axe Yard 277a Gray's Inn Road, Kings Cross, London, United Kingdom, WC1X 8BD.
In the UK market, companies specialising in plant hire typically supply a diverse range of heavy machinery and equipment. This includes items such as excavators, diggers, dumpers, and other essential construction and civil engineering plant, offered on a rental basis to various projects and businesses.
