FIRSTPORT RETIREMENT PROPERTY SERVICES LIMITED
Company Details
Registration Number
01614866
Registered Address
Queensway House 11 Queensway New Milton Hampshire BH25 5NR
Company Status
Active
Employee Count
1515
Turnover
£20,943,000
EBITDA
£5,988,000
Additional Information
Website
firstport.co.ukCompany Type
Private limited Company
Incorporated on
17 February 1982
Nature of Business (SIC)
68320 - Management of real estate on a fee or contract basis
Industries
0
Region
South EastCompany Location
Financial Overview
£0
£32,837,655
Last Reporting Period
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
63 days
Payment Periods
Shortest
7 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
41%
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 | 63 | 59% | 16% | 25% | 41% |
| 01 Jan 2023 - 30 Jun 2023 | 05 Jul 2023 | 23 | 87% | 8% | 5% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Jan 2023 | 23 | 85% | 8% | 7% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Jul 2022 | 28 | 81% | 13% | 6% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 12 Jan 2022 | 19 | 86% | 10% | 4% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 09 Jul 2021 | 21 | 85% | 13% | 2% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 06 Jan 2021 | 22 | 83% | 13% | 4% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Jul 2020 | 25 | 86% | 8% | 6% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 09 Jan 2020 | 29 | 83% | 8% | 9% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Jul 2019 | 30 | 87% | 4% | 9% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Jan 2019 | 30 | 89% | 5% | 6% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 26 | 86% | 6% | 8% | 14% |
Company Summary
FIRSTPORT RETIREMENT PROPERTY SERVICES LIMITED is a leading property management company that specializes in providing retirement property services to its clients in the UK
The company was established in 1984 and has since then been committed to providing high-quality and sustainable services to its customers
The company offers a range of services, including property management, maintenance, and insurance, to its clients who are primarily retirees
They aim to ensure that their clients can live comfortably and safely in their retirement homes
In terms of sustainability, FIRSTPORT RETIREMENT PROPERTY SERVICES LIMITED has implemented various initiatives to reduce their environmental impact
They have a recycling program in place, use energy-efficient equipment, and promote sustainable practices among their staff and clients
Some of the key people leading the company include CEO Nigel Howell, Chairman Robin Swailes, and Non-Executive Director Nigel D
B
Howell
They are supported by a team of experienced professionals who are dedicated to providing excellent service to their clients
The company can be contacted through their website, which is user-friendly and provides detailed information about their services and sustainability efforts
Their registered office address is 18-20 Bromells Road, London, SW4 0BG, United Kingdom
In summary, FIRSTPORT RETIREMENT PROPERTY SERVICES LIMITED is a reputable company that offers sustainable and high-quality services to retirees in the UK
With their experienced team and commitment to sustainability, they continue to be a trusted choice for retirement property management
Company Review
Trend Analysis
The average time to pay for FIRSTPORT RETIREMENT PROPERTY SERVICES LIMITED has been consistently decreasing from 2018 to 2021, with a slight increase in 2022 before decreasing again in 2023. The percentage of invoices paid within 30 days has also been consistently high, with a small decrease in 2021 and 2022. However, in 2023 there was a significant decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days.
Volatility Analysis
The volatility of the average time to pay for FIRSTPORT RETIREMENT PROPERTY SERVICES LIMITED has been relatively stable, with small fluctuations between 25 and 30 days. The volatility of the percentage of invoices paid within 30 days has also been stable, with small fluctuations between 83% and 89%. However, there was a significant increase in volatility for the percentage of invoices paid later than 60 days in 2023, with a 19% increase from the previous period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We operate standard payment terms of 30 days with small to medium enterprises and 60 days with large enterprises. Other payment terms have been agreed for bespoke contracts.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
FirstPort Retirement Property Services Limited holds customer money in separate trust bank accounts. All its supplier payments are made when funds are available in the trust accounts and the business carries out its best endeavours to ensure that accounts have sufficient liquidity to support this.
Maximum contractual payment period agreed
60
Dispute Resolution Process
If a dispute arises between the parties, the parties will attempt, in good faith, to reach settlement as soon as possible between the FirstPort Contact and the Supplier Contact (who shall be authorised to settle such a dispute). This dispute resolution procedure will be followed prior to commencing any legal proceedings.
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?
❌
