CROMWELL GROUP HOLDINGS LIMITED
Company Information
- Company Number
- 01756362
- Registered Address
- 65 Chartwell Drive, Wigston, Leicester, United Kingdom, LE18 2FS
- Status
- Active
- Employee Count
- 1283.0
- Turnover
- 7168000.0
- EBITDA
- -9268000.0
Additional Details
- Website
- https://www.cromwell.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 27 September 1983
- Nature of Business
- 64204 - Activities of distribution holding companies
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Company Location
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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 | 31 Jan 2024 | 25 | 75% | 16% | 9% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 44 | 58% | 27% | 15% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 28 | 69% | 18% | 13% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 31 | 65% | 18% | 17% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 12 Jan 2022 | 45 | 45% | 35% | 20% | 49% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jan 2022 | 61 | 31% | 32% | 37% | 61% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2022 | 58 | 31% | 33% | 36% | 60% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Nov 2020 | 53 | 40% | 29% | 31% | 69% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Nov 2020 | 47 | 49% | 27% | 23% | 60% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 42 | 46% | 33% | 20% | 60% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 38 | 45% | 40% | 15% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 45 | 33% | 47% | 20% | 53% |
Company Summary
CROMWELL GROUP (HOLDINGS) LIMITED is a British company that specializes in commercial real estate investment, development, and management
The company was founded in 1970 and is headquartered in London, with offices located across Europe, Asia, and the Americas
The company's sustainability program focuses on reducing its carbon footprint and promoting environmental responsibility in its operations
They have implemented energy-efficient measures in their properties, such as using LED lighting and renewable energy sources
They also prioritize sustainable building materials and waste reduction
CROMWELL GROUP offers a range of products and services, including property management, leasing, and investment management for commercial properties
They have a diverse portfolio of assets, including office, retail, industrial, and logistics properties
The key people at CROMWELL GROUP include the CEO, Paul Weightman, and the COO, Paul White
They have a team of experienced professionals in real estate and investment management
The company's registered office address is at 1 Wessex Road, London, W4 3AN, United Kingdom
Their website address is https://www.cromwellgroup.com/, where interested parties can find more information about their services and sustainability initiatives
CROMWELL GROUP is committed to providing sustainable and innovative solutions in the commercial real estate industry
Company Review
Trend Analysis
The average time to pay for Cromwell Group (Holdings) Limited has fluctuated over the past three periods, with a general trend of an increase in the time taken to pay invoices. In the first period, the average time to pay was 45 days, which decreased to 42 days in the second period, but then increased to 47 days in the third period. This trend continued with a further increase to 53 days in the fourth period, and a peak of 61 days in the seventh period, before decreasing to 45 days in the ninth period. Overall, there has been a significant increase in the average time to pay over the past three periods.
Volatility Analysis
The volatility of Cromwell Group (Holdings) Limited's payment practices can be seen in the changes in the percentage of invoices paid within 30 days and later than 60 days. In the first period, 33% of invoices were paid within 30 days, which increased to 45% in the second period, before decreasing to 31% in the ninth period. Similarly, the percentage of invoices paid later than 60 days has fluctuated between 20% and 37% over the past three periods. This shows a high level of volatility in the company's payment practices.
Summary Analysis
In the first period, 47% of invoices were paid between 31 and 60 days, which increased to 49% in the fourth period, before decreasing to 27% in the seventh period. The percentage of invoices not paid within agreed terms has also fluctuated between 15% and 37% over the past three periods. The shortest (or only) standard payment period has remained consistent at 60 days throughout all periods. Overall, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days over the past three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 Days EOM
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
90
Dispute Resolution Process
Queries are created on internal software and accessed by the internal source via web portal for resolve/escalation to the vendor Reports of outstanding queries are reviewed and chased/escalated by AP team for unresolved queries Central helpdesk and phones lines in place for vendors to contact with inquiries/payment issues/requests
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
