Score of 80.27/100 qualifies for PaymentCheck Certification
WELLBURN CARE HOMES LIMITED exhibits a consistent payment trend, with an average payment time of 26 days and all invoices settled within 60 days. The trajectory indicates generally prompt payments, as 76% are resolved within 30 days, signifying a reliable short-term payment cycle.
While most payments are prompt, the 24% of invoices settling between 31-60 days introduces a moderate level of variability, impacting short-term cash flow predictability for a portion of transactions. The 13% late payment rate suggests minor operational inconsistencies, but the absence of payments exceeding 60 days indicates low long-term credit risk and high reliability against severe delays.
Suppliers can generally consider WELLBURN CARE HOMES LIMITED a reliable payer with a low risk of extended delays or default, given the 26-day average and zero payments over 60 days. Key decision factors include accepting that approximately a quarter of invoices may extend into the 31-60 day bracket, which suppliers should account for in cash flow planning. For risk mitigation, suppliers may consider offering standard payment terms while closely monitoring the initial payment patterns for consistency.
| 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 Apr 2024 - 30 Sept 2024 | 06 Nov 2024 | 25 | 67% | 33% | 0% | 14% |
| 01 Oct 2023 - 31 Mar 2024 | 06 Nov 2024 | 26 | 70% | 30% | 0% | 14% |
| 01 Apr 2023 - 30 Sept 2023 | 06 Nov 2024 | 25 | 72% | 28% | 0% | 12% |
| 01 Oct 2022 - 31 Mar 2023 | 06 Nov 2024 | 27 | 67% | 32% | 1% | 16% |
| 01 Apr 2022 - 30 Sept 2022 | 06 Nov 2024 | 24 | 78% | 21% | 1% | 12% |
| 01 Oct 2021 - 31 Mar 2022 | 06 Nov 2024 | 26 | 72% | 28% | 0% | 16% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 26 | 76% | 24% | 0% | 13% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 27 | 68% | 27% | 5% | 8% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 32 | 63% | 32% | 5% | 5% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 39 | 33% | 57% | 10% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are negotiated on a contract by contract basis. Most common payment terms are 45 days from month end although some are agreed at 30 days
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
45
All queries submitted to finance are investigated on an individual basis
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
Wellburn Care Homes Limited operates residential care homes across the North East of England and into Yorkshire, including sites in Newcastle, Sunderland, Northumberland, Gateshead and York. The company runs 16 care homes offering residential care, respite care, long and short term stays, and dedicated dementia care, including support for young onset dementia. Each home is described as having its own individual style, with staff on hand to guide prospective residents and families through the process of choosing a home. The company is registered as providing residential care activities for the elderly and disabled, consistent with its network of care homes.
Generated from the company's website and Companies House records. Sources: wellburncare.co.uk