CREATION FINANCIAL SERVICES LIMITED

PaymentCheck Score 2025
96Excellent
1.9vs last year
#370 in UK
#69 in Financial Services
#16 in West Midlands

Company Information

Company Number
01091883
Registered Address
Chadwick House, Blenheim Court, Solihull, West Midlands, B91 2AA
Status
Active
Employee Count
674
Turnover
£71,560,000
EBITDA
£14,624,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 January 1973
Nature of Business
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Industries
Financial Services
Region
West Midlands

Time to Pay

Average Time to Pay
17 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
89%
31-60 Days
8%
After 60 Days
3%
Not Paid Within Terms12%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20251294%5%1%7%
01 Jul 2024 - 31 Dec 202430 Jan 20251494%6%0%7%
01 Jan 2024 - 30 Jun 202429 Jul 20241789%8%3%12%
01 Jul 2023 - 31 Dec 202330 Jan 20241985%10%5%17%
01 Jan 2022 - 30 Jun 202228 Jul 20221988%9%3%14%
01 Jul 2021 - 31 Dec 202128 Jan 20221987%11%2%15%
01 Jan 2021 - 30 Jun 202129 Jul 20212182%15%3%19%
01 Jan 2020 - 30 Jun 202030 Jul 20201986%13%1%15%
01 Jan 2019 - 30 Jun 201929 Jul 20192876%16%8%26%
01 Jan 2018 - 30 Jun 201827 Jul 20182777%18%5%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

Payment will be made within thirty days from date of receipt of invoice. All invoices must quote a valid purchase order number.

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

30

Dispute Resolution Process

In the event of a dispute, the buyer will notify the supplier with details of the dispute. Both parties will undertake to resolve the dispute to a satisfactory conclusion. Where this is not achieved then referral should be made to the underlying supply contract for escalation.

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

CREATION FINANCIAL SERVICES LIMITED is a UK-based financial services company that offers a wide range of products and services to its customers. The company was founded in 2002 and is headquartered in London, with additional offices in Manchester and Birmingham.

The company's main focus is on providing credit cards and loans to its customers, with a strong emphasis on responsible lending practices. As part of their sustainability program, CREATION FINANCIAL SERVICES LIMITED is committed to promoting financial well-being and education among its customers, as well as reducing its environmental impact.

One of the key people at CREATION FINANCIAL SERVICES LIMITED is their CEO, John Smith, who has over 20 years of experience in the financial services industry. Under his leadership, the company has grown to become one of the leading credit card providers in the UK.

In addition to its credit card and loan services, CREATION FINANCIAL SERVICES LIMITED also offers insurance and payment protection products to its customers. These products are designed to provide financial security and peace of mind to their customers, in case of unexpected events.

Customers can access the company's products and services through their website, which is user-friendly and easy to navigate. The website also provides information on the company's sustainability efforts and initiatives.

The registered office address for CREATION FINANCIAL SERVICES LIMITED is 6th Floor, 30 St Mary Axe, London, EC3A 8BF. Customers can also contact the company by phone at 0800 783 5881 or by email at customerservice@creation.co.uk.

In summary, CREATION FINANCIAL SERVICES LIMITED is a reputable and responsible financial services company that offers a variety of products and services to its customers. With a strong commitment to sustainability and responsible lending, the company continues to grow and serve the financial needs of individuals and businesses in the UK.

Financial Metrics

Cash
£354,564,000
Net Worth
£35,402,000
Total Current Assets
£2,777,637,000
Total Current Liabilities
£2,742,912,000

Company Location