BLUE GROUP UK GROUP PROPERTIES LIMITED exhibits an average payment time of 23 days, with a strong 81% of invoices settled within 30 days, indicating a generally prompt payment speed. However, 63% of payments are categorized as late, suggesting a consistent trend where invoices are paid quickly once processed, but often after their initial due date. This pattern points to a discrepancy between overall processing speed and adherence to contractual payment terms.
Despite the favorable average payment time, the high 63% late payment rate introduces significant unpredictability regarding adherence to original payment deadlines. While only 5% of payments extend beyond 60 days, this minority represents a notable risk of prolonged delays, indicating some inconsistency in payment processing. Suppliers should factor in the likelihood that a substantial portion of invoices may not be paid precisely on their initial due date.
For suppliers, BLUE GROUP UK GROUP PROPERTIES LIMITED generally offers good cash flow predictability, with most payments arriving within 30 days. However, the high late payment percentage necessitates clear communication of payment terms and proactive invoice monitoring to minimize delays. Implementing a robust follow-up strategy for invoices approaching or exceeding their due date is recommended to mitigate the risk associated with the 5% that extend beyond 60 days.
| 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 | 17 Jan 2020 | 23 | 75% | 16% | 9% | 60% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 24 | 79% | 14% | 7% | 60% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Nov 2018 | 23 | 81% | 14% | 5% | 63% |
| 01 Oct 2017 - 31 Mar 2018 | 01 May 2018 | 31 | 74% | 17% | 9% | 65% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Day 1 for Rent (leasehold properties) and Business Rates. Utilities between 14 - 21 days. Other suppliers - end of month following the month of invoice.
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
60
Considered on a case by case basis. Follow up by relevant functional head and/or the Finance Department in a timely fashion (typically same day)
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
BLUE GROUP UK GROUP PROPERTIES LIMITED was a private limited company that operated within the property sector. Its business activities focused on areas typical for a company involved with properties.
The company was incorporated on 20 September 1971, operating under company number 01024575. Its registered office was located at Pricewaterhousecoopers Llp Level 8 Central Square, 29 Wellington Street, Leeds, England, LS1 4DL, placing its operations within the Yorkshire region. BLUE GROUP UK GROUP PROPERTIES LIMITED is currently dissolved.
Companies of this type, specialising in properties within the UK market, typically provide services such as property acquisition, development, investment, and management. These activities often include buying, selling, or leasing land and buildings, overseeing construction, or managing portfolios of commercial or residential properties.