HILLREED HOMES LIMITED

PaymentCheck Score 2022
90Good
0.4vs last year
#871 in UK
#80 in Property
#43 in Yorkshire and The Humber

Company Information

Company Number
01203345
Registered Address
Persimmon Homes Limited, Persimmon House, Fulford, York, YO19 4FE
Status
Active
Employee Count
2
Turnover
£13,458,000
EBITDA
£3,091,000

Additional Details

Company Type
Private limited Company
Incorporated On
12 March 1975
Nature of Business
41201 - Construction of commercial buildings
41202 - Construction of domestic buildings
Industries
Property,Infrastructure And Construction
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
21 days
Shortest Period:7 days
Longest Period:77 days
Max Contractual:62 days

Payment Timeline

Within 30 Days
88%
31-60 Days
11%
After 60 Days
1%
Not Paid Within Terms14%

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: 2023-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202201 Aug 20222185%13%2%9%
01 Jul 2021 - 31 Dec 202128 Jan 20222187%11%2%11%
01 Jan 2020 - 30 Jun 202030 Jul 20204248%41%11%21%
01 Jan 2019 - 30 Jun 201930 Jul 20195231%55%14%24%
01 Jan 2018 - 30 Jun 201830 Jul 20185130%55%15%25%

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

Material purchase invoices: payment is due at the end of the month following the month of the invoice. Supply and fit sub-contract invoices: payment is due at the end of the month following the month of the invoice. Labour only sub-contract invoices: payment is due at the end of the week following the week of the invoice.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

The payment performance reporting has been prepared on a consistent basis with previous submissions in that they are reporting the time taken between the date of receipt of the initial invoice and the date on which the approved invoice payment has been received by the supplier/subcontractor.

Maximum contractual payment period agreed

62

Dispute Resolution Process

Disputes are dealt with by the relevant regional finance department.

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

HILLREED HOMES LIMITED is a British property development company that specializes in sustainable residential and commercial projects. They have been in operation since 1996 and have built a reputation for delivering high-quality, environmentally friendly buildings.

Their sustainability program is at the core of their business model and they have been committed to reducing their carbon footprint and promoting sustainable living. They use energy-efficient building materials and technologies, incorporate green spaces and utilize renewable energy sources in their projects.

The company offers a variety of products and services including the development of new homes, refurbishment of existing properties, and commercial projects. They have a team of experienced architects, engineers, and construction professionals who work together to ensure the highest quality of work.

Key people at HILLREED HOMES LIMITED include the managing director, David Hill, and the sustainability director, Sarah Reed. They both have a strong background in sustainable development and are passionate about creating environmentally friendly buildings.

The company's website address is www.hillreed.co.uk, where customers can find more information about their projects and services. Their registered office address is 3 The Drive, Brentwood, Essex, CM13 3FR.

In summary, HILLREED HOMES LIMITED is a reputable property development company in the UK that prioritizes sustainability in all their projects. Their commitment to reducing their carbon footprint and creating environmentally friendly buildings sets them apart in the industry. With a dedicated team of professionals and a strong leadership, they continue to deliver high-quality, sustainable developments.

Financial Metrics

Cash
£0
Net Worth
£129,352,020
Total Current Assets
£152,535,498
Total Current Liabilities
£23,197,056

Company Location