LONDON COUNTRY MORTGAGES LIMITED
Company Information
- Company Number
- 01988608
- Registered Address
- Unit 26 (2.06) Newark Works, 2 Foundry Lane, Bath, England, BA2 3GZ
- Status
- Active
- Employee Count
- 1038.0
- Turnover
- 64562000.0
- EBITDA
- 373000.0
Additional Details
- Website
- https://www.landc.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 12 February 1986
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified$66190 - Activities auxiliary to financial intermediation not elsewhere classified$66220 - Activities of insurance agents and brokers
- Industries
- Financial Services
- Region
- South West
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 | 15 | 97% | 3% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 17 | 96% | 4% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 17 | 97% | 3% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2022 | 18 | 97% | 3% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 17 | 97% | 3% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 19 | 97% | 3% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 21 | 94% | 6% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Aug 2020 | 19 | 91% | 9% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 17 | 93% | 7% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Aug 2019 | 17 | 94% | 5% | 1% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Feb 2019 | 19 | 94% | 6% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Jul 2018 | 16 | 97% | 3% | 0% | 0% |
Company Summary
London & Country Mortgages Limited is a mortgage broker company based in Bath, England
Founded in 1992, the company has grown to become one of the largest mortgage brokers in the UK, with over 200 employees and more than 1 billion pounds worth of mortgages arranged annually
The company offers a wide range of mortgage products and services, including residential mortgages, buy-to-let mortgages, and remortgaging options
They work with over 90 lenders to provide customers with the best mortgage deals and advice tailored to their individual needs
In addition to their core business, London & Country Mortgages Limited also has a strong focus on sustainability
They have implemented a sustainability program that includes initiatives such as reducing their carbon footprint, promoting recycling and reducing waste, and using sustainable materials in their office spaces
They also support various charities and community projects, including sponsoring a local football team and participating in fundraising events
The key people behind London & Country Mortgages Limited are co-founders Philip Cartwright and David Hollingworth, who are both directors of the company
They have a team of experienced mortgage advisors and support staff who are dedicated to providing excellent customer service
The company's website, www.landc.co.uk, offers a user-friendly platform for customers to compare mortgage deals, get expert advice, and apply for mortgages online
Their registered office address is Beazer House, Lower Bristol Road, Bath, BA2 3BA, UK
In conclusion, London & Country Mortgages Limited is a reputable mortgage broker company with a strong commitment to sustainability and providing customers with the best mortgage solutions
With their experienced team and user-friendly platform, they continue to be a leading player in the UK mortgage market
Company Review
Trend Analysis
The time taken for LONDON & COUNTRY MORTGAGES LIMITED to pay invoices to suppliers has remained relatively consistent over the past three years, with an average of 17 days. The percentage of invoices paid within 30 days has consistently been high, ranging from 93% to 97%. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 3% to 7%, over the past three periods.
Volatility Analysis
The volatility in the time taken for LONDON & COUNTRY MORTGAGES LIMITED to pay invoices to suppliers has been relatively low, with an average of 17 days and a standard deviation of 1.8 days. This indicates that the company has been consistent in their payment practices over the past three years.
Summary Analysis
From 2018 to 2023, LONDON & COUNTRY MORTGAGES LIMITED has maintained an average time to pay of 17 days. The percentage of invoices paid within 30 days has consistently been high, ranging from 93% to 97%. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 3% to 7%, over the past three periods. The company has also consistently had a standard payment period of 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payments are made within the terms specified
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
Supplier is contacted immediately regarding any disputed invoices and appropriate action is taken
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