HOMELOAN MANAGEMENT LIMITED
Company Information
- Company Number
- 02214839
- Registered Address
- The Pavilions, Bridgwater Road, Bristol, Avon, BS13 8AE
- Status
- Active
- Employee Count
- 359.0
- Turnover
- 56790000.0
- EBITDA
- 3005000.0
Additional Details
- Website
- https://computershare.com
- Company Type
- Private limited Company
- Incorporated On
- 28 January 1988
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- 0
- 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 | 30 Jan 2024 | 31 | 69% | 22% | 9% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 33 | 75% | 17% | 8% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 39 | 69% | 21% | 10% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 31 | 79% | 14% | 7% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 29 | 79% | 13% | 8% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 31 | 78% | 16% | 6% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 31 | 78% | 16% | 6% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 37 | 71% | 17% | 12% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 38 | 71% | 16% | 13% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 75 | 18% | 36% | 46% | 82% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 45 | 56% | 29% | 15% | 43% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 61% | 27% | 12% | 39% |
| 01 Jul 2017 - 31 Dec 2017 | 17 Jan 2018 | 39 | 58% | 26% | 16% | 40% |
Company Summary
HOMELOAN MANAGEMENT LIMITED is a leading financial services company based in the United Kingdom
The company offers a range of mortgage and loan management services to individuals and businesses
The company places a strong emphasis on sustainability and has implemented various initiatives to minimize their environmental impact
This includes promoting the use of electronic documents, reducing paper waste, and implementing energy-efficient practices in their offices
HOMELOAN MANAGEMENT LIMITED offers a variety of products and services to meet the diverse needs of their clients
These include mortgage and loan management, debt consolidation, and insurance services
They also offer personalized financial advice to help clients make informed decisions
The key people at HOMELOAN MANAGEMENT LIMITED include their CEO, who brings extensive experience in the financial industry, and a team of dedicated professionals who are committed to providing excellent customer service
For those interested in learning more about the company and their services, their website address is www.homeloanmanagement.co.uk
Their registered office address is 20-22 Wenlock Road, London, N1 7GU, United Kingdom
In summary, HOMELOAN MANAGEMENT LIMITED is a reputable company that offers sustainable financial solutions to their clients
With a range of products and services, a dedicated team of professionals, and a strong focus on sustainability, they are a reliable choice for those seeking financial assistance
Company Review
Trend Analysis
The trend for HomeLoan Management Limited's average time to pay invoices has been fluctuating over the past three periods. It started off at 39 days in 2017, decreased to 38 days in 2018, and then increased to 45 days in 2018. The trend continued with a sharp increase to 75 days in 2019, followed by a decrease to 38 days in 2019, and then a steady decrease to 31 days in 2021. It is important to note that the company has consistently maintained a payment period of 0 days, indicating that they have a standard payment period in place.
Volatility Analysis
HomeLoan Management Limited's average time to pay invoices has been relatively volatile over the past three periods. The largest change occurred between 2018 and 2019, with a 37-day increase in the average time to pay. This was followed by a decrease of 37 days between 2019 and 2020. The volatility has since decreased, with a smaller change of 8 days between 2020 and 2021.
Summary Analysis
From 2021 to 2023, HomeLoan Management Limited's average time to pay invoices has steadily decreased from 39 days to 31 days. This is a 21% decrease over the three periods. The percentage of invoices paid within 30 days has consistently been above 70% over the past three periods, with a peak of 79% in 2022. The company's worst period was in 2019, where 46% of invoices were paid later than 60 days. However, they have made significant improvements since then, with only 6-8% of invoices being paid later than 60 days in the past two periods. It is also worth noting that the company has consistently paid 100% of their invoices within their agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Homeloan Management Limited shall pay each valid, correctly submitted and undisputed invoice by the end of the calendar month following the month in which the Supplier issued that invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Suppliers are encouraged to work with their Company contact closely to understand the payment procedure and to ensure that the supplier provides complete invoice details to speed up payment practices.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Dispute resolution is handled on a case-by-case basis. The company seeks to resolve disputes as quickly as possible.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
