LONDON & COUNTRY MORTGAGES LIMITED

PaymentCheck Score 2024
99Excellent
vs last year
#162 in UK
#31 in Financial Services
#3 in South West

Company Information

Company Number
01988608
Registered Address
Unit 26 (2.06) Newark Works, 2 Foundry Lane, Bath, England, BA2 3GZ
Status
Active
Employee Count
1,038
Turnover
£64,562,000
EBITDA
£373,000

Additional Details

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

Time to Pay

Average Time to Pay
14 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
97%
31-60 Days
3%
After 60 Days
0%
Not Paid Within Terms0%

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: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202428 Jan 20251497%3%0%0%
01 Jan 2024 - 30 Jun 202425 Jul 20241497%3%0%0%
01 Jul 2023 - 31 Dec 202331 Jan 20241597%3%0%0%
01 Jan 2022 - 30 Jun 202202 Aug 20221897%3%0%0%
01 Jan 2021 - 30 Jun 202129 Jul 20211997%3%0%0%
01 Jul 2020 - 31 Dec 202029 Jan 20212194%6%0%0%
01 Jan 2020 - 30 Jun 202025 Aug 20201991%9%0%0%
01 Jul 2018 - 31 Dec 201821 Feb 20191994%6%0%0%

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

Payments are made within the terms specified

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

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.

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

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.

Financial Metrics

Cash
£5,986,914
Net Worth
£5,372,853
Total Current Assets
£10,111,291
Total Current Liabilities
£4,199,216

Company Location