CREATION FINANCIAL SERVICES LIMITED
Company Information
- Company Number
- 01091883
- Registered Address
- Chadwick House, Blenheim Court, Solihull, West Midlands, B91 2AA
- Status
- Active
- Employee Count
- 674.0
- Turnover
- 71560000.0
- EBITDA
- 14624000.0
Additional Details
- Website
- https://bnpparibas-pf.co.uk
- 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
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 19 | 85% | 10% | 5% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 15 | 93% | 5% | 2% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 21 | 84% | 13% | 3% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 19 | 88% | 9% | 3% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 19 | 87% | 11% | 2% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 21 | 82% | 15% | 3% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 19 | 89% | 10% | 1% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 19 | 86% | 13% | 1% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 19 | 87% | 11% | 2% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 28 | 76% | 16% | 8% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 32 | 73% | 16% | 11% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 27 | 77% | 18% | 5% | 27% |
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
Company Review
Trend Analysis
The average time taken for CREATION FINANCIAL SERVICES LIMITED to pay invoices has generally decreased over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The volatility of the % of invoices paid within 30 days has remained relatively consistent over the past three periods, with a slight decrease in the most recent period.
Summary Analysis
The average time taken for CREATION FINANCIAL SERVICES LIMITED to pay invoices has decreased from 27 days in the first period to 15 days in the most recent period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
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.
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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