CREST NICHOLSON PLC's payment trend indicates an average settlement time of 33 days, with a majority (60%) paid within 30 days. However, a substantial 34% are paid between 31 and 60 days, showing a consistent pattern of payments slightly exceeding standard 30-day terms for a significant portion of invoices.
The 39% late payment rate for CREST NICHOLSON PLC suggests a moderate level of unpredictability in payment receipt, making precise cash flow forecasting challenging for suppliers. Although 94% of payments are made within 60 days, the remaining 6% extending beyond this period presents a specific risk of significant payment delays.
Overall, suppliers should factor in CREST NICHOLSON PLC's tendency for payments to often extend beyond 30 days, evidenced by the 33-day average and 39% late rate. It is advisable to establish clear payment terms, implement proactive invoice follow-up, and potentially adjust credit limits to mitigate the risk of extended delays, particularly for the 6% of payments that stretch 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 Nov 2025 - 30 Apr 2026 | 30 May 2026 | 39 | 38% | 55% | 7% | 64% |
| 01 May 2025 - 31 Oct 2025 | 28 Nov 2025 | 36 | 52% | 42% | 6% | 57% |
| 01 Nov 2024 - 30 Apr 2025 | 29 May 2025 | 33 | 60% | 34% | 6% | 39% |
| 01 May 2024 - 31 Oct 2024 | 27 Nov 2024 | 38 | 55% | 38% | 7% | 43% |
| 01 Nov 2023 - 30 Apr 2024 | 20 May 2024 | 37 | 53% | 38% | 10% | 45% |
| 01 May 2023 - 31 Oct 2023 | 24 Nov 2023 | 36 | 55% | 38% | 8% | 39% |
| 01 Nov 2022 - 30 Apr 2023 | 19 May 2023 | 32 | 57% | 37% | 7% | 18% |
| 01 May 2022 - 31 Oct 2022 | 28 Nov 2022 | 35 | 49% | 43% | 8% | 21% |
| 01 Nov 2021 - 30 Apr 2022 | 13 Jun 2022 | 36 | 50% | 42% | 8% | 21% |
| 01 May 2021 - 31 Oct 2021 | 02 Dec 2021 | 36 | 51% | 43% | 6% | 21% |
| 01 Nov 2020 - 30 Apr 2021 | 26 May 2021 | 39 | 46% | 43% | 11% | 29% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 46 | 51% | 41% | 7% | 28% |
| 01 Nov 2019 - 30 Apr 2020 | 21 May 2020 | 37 | 49% | 42% | 10% | 24% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 36 | 50% | 43% | 8% | 22% |
| 01 Nov 2018 - 30 Apr 2019 | 29 May 2019 | 39 | 49% | 40% | 11% | 31% |
| 01 May 2018 - 31 Oct 2018 | 27 Nov 2018 | 41 | 46% | 41% | 14% | 28% |
| 01 Nov 2017 - 30 Apr 2018 | 31 May 2018 | 41 | 41% | 47% | 12% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Crest’s standard payment terms for product suppliers are 30 days end of month (equivalent to payment at the end of following calendar month of invoice date) Crest’s standard construction contract payment terms for subcontractors is 34 days plus 2 days for Bacs transfer following the subcontractor’s valid application for payment.
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
Detailed information is available on www.crestnicholson.com/legal-information/supply-chain including details of contacts within Crest, process documentation for submitting invoices, applications to pay through to payments, remittances and query processes. This includes escalation and dispute resolution details. This is intended to support both Product suppliers and subcontractors. For Product suppliers your first point of call for invoice related queries should be your bought ledger regional contact. They will be able to advise if your invoice has been received, processed or paid and provide details of the remittance. If the document has not been approved you will be directed to the Crest owner of the purchase order associated with the invoice to resolve the issue. To ensure prompt payment all product invoices must quote a valid purchase order number and should be sent in via email not by post. If you are a subcontractor and have any concerns around the processing of your payment you are advised to speak directly with your initial contact at Crest that arranged the works and arranged the contract for the works with you. As soon as your application for payment is approved by this person the payment will be processed on the next standard payment run.
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
Crest Nicholson Plc is the parent company (SIC-registered as a head office) of the Crest Nicholson group, a UK housebuilder. Incorporated in 1972 and registered in Addlestone, Surrey, the group designs and constructs new build homes across numerous English counties, from first-time-buyer properties to larger family houses. Its developments emphasise energy-efficient design, quality specifications and placemaking, with homes fitted with branded kitchens, appliances and bathroom products. The group also offers buyer support schemes such as part exchange, deposit boost and mortgage contributions. As the registered entity, Crest Nicholson Plc functions as the group's holding company overseeing the trading operations carried out by its housebuilding divisions.
Generated from the company's website and Companies House records. Sources: crestnicholson.com · crestnicholson.com · crestnicholson.com