CREST NICHOLSON PLC
Company Information
- Company Number
- 01040616
- Registered Address
- 500 Dashwood Lang Road, Bourne Business Park, Addlestone, Surrey, United Kingdom, KT15 2HJ
- Status
- Active
- Employee Count
- 704
- Turnover
- £618,200,000
- EBITDA
- -£125,100,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 31 January 1972
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
Crest’s standard payment terms for product suppliers are 1 month Plus 30 days (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
Dispute Resolution Process
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 (this can be identified on the above website link). 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.
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?
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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
Company Summary
Crest Nicholson PLC operates as an active Public Limited Company. This organisational structure facilitates its engagement in commercial activities within the UK market.
Incorporated on 31 January 1972, the company is registered under company number 01040616. Its registered office is situated at 500 Dashwood Lang Road, Bourne Business Park, Addlestone, Surrey, United Kingdom, KT15 2HJ, placing its operations within the South East region.
As a Public Limited Company, organisations of this type typically engage in a diverse range of commercial services and product offerings. They are structured to raise capital through public share offerings, enabling them to pursue various business ventures and market opportunities across different sectors within the UK economy.
