COLLEYCARE LIMITED
Company Information
- Company Number
- 02234990
- Registered Address
- Old Town Court, 70 Queensway, Hemel Hempstead, Hertfordshire, HP2 5HD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 March 1988
- Nature of Business
- 87100 - Residential nursing care facilities
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
COLLEYCARE LIMITED demonstrates an average payment time of 30 days, with a strong 77% of invoices consistently settled within this timeframe. However, the presence of 30% late payments indicates a bifurcated trend where a significant portion deviates from ideal terms. This suggests a trajectory where while most payments are prompt, a notable segment experiences consistent delays.
Volatility Analysis
With 30% of payments classified as late, COLLEYCARE LIMITED presents moderate predictability challenges for a supplier. While 77% are reliable, the 18% settling between 31-60 days and 5% exceeding 60 days introduce a noticeable risk of extended payment cycles. This indicates some volatility, requiring suppliers to account for potential delays beyond standard terms.
Summary Analysis
Suppliers should consider COLLEYCARE LIMITED as a moderately reliable payer, with a high probability of timely payments for the majority of invoices. Key decision factors include the 30% late payment rate, which necessitates close monitoring and potential adjustment of credit terms or payment expectations. Mitigate risk by establishing clear payment terms, considering shorter credit periods for initial transactions, or implementing staggered payment schedules for larger orders.
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 Oct 2024 - 30 Sept 2025 | 30 Oct 2025 | 30 | 77% | 18% | 5% | 30% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 30 | 76% | 19% | 5% | 31% |
| 01 Oct 2023 - 30 Sept 2024 | 31 Oct 2024 | 30 | 74% | 22% | 4% | 33% |
| 01 Oct 2023 - 31 Mar 2024 | 09 Apr 2024 | 30 | 73% | 23% | 4% | 34% |
| 01 Oct 2022 - 30 Sept 2023 | 11 Oct 2023 | 30 | 68% | 26% | 6% | 40% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 30 | 63% | 30% | 7% | 44% |
| 01 Oct 2021 - 30 Sept 2022 | 22 Nov 2022 | 30 | 67% | 27% | 6% | 39% |
| 01 Oct 2021 - 31 Mar 2022 | 20 Apr 2022 | 30 | 65% | 29% | 6% | 39% |
| 01 Oct 2020 - 30 Sept 2021 | 29 Oct 2021 | 30 | 72% | 21% | 7% | 31% |
| 01 Oct 2020 - 31 Mar 2021 | 07 May 2021 | 30 | 70% | 22% | 8% | 31% |
| 01 Oct 2019 - 30 Sept 2020 | 20 Oct 2020 | 30 | 69% | 24% | 7% | 33% |
| 01 Oct 2018 - 30 Sept 2019 | 15 Oct 2019 | 30 | 75% | 20% | 5% | 27% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 30 | 70% | 24% | 6% | 31% |
| 01 Oct 2017 - 30 Sept 2018 | 07 Nov 2018 | 30 | 77% | 19% | 4% | 26% |
| 01 Oct 2017 - 31 Mar 2018 | 25 Apr 2018 | 30 | 73% | 23% | 4% | 22% |
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
For payments regarding services to the homes we process a BACS run every 2 weeks. We receive an invoice, this invoice is entered onto the accounting system and placed on hold. The invoice is then sent to the relevant departments to be authorised. Once the purchase ledger receives the invoice back, if the invoice is authorised it will be taken off hold and paid on the next invoice run. If the invoice is not authorised a query will be raised with the supplier and will be kept on hold until the query is sorted. Payments for the maintenance department are processed differently from the invoices for the day to day running of a home. Maintenance Invoices are logged onto excel as they are received. The invoices are then coded, checked and then sent out to be authorised. Once authorised they are entered onto the accounting system. If the invoice is not authorised a query will be raised with the supplier and will be kept on hold until the query is sorted. A payment run is processed once a month. There are no changes to our standard payment terms in the reporting period. Our main reasons for not paying an invoice is that we do not have the correct delivery note or a price query. We will not release an invoice for payment that is on hold until the relevant credit note has been received and authorised.
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
Dispute Resolution Process
If any supplier has any issues regarding payments or disputes they should contact the purchase ledger department, in writing to Colleycare Limited, Purchase Ledger Department, Old Town Court, 70 Queensway, Hemel Hempstead, Herts, HP2 5HD or telephone 01442 236020.
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.
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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.
❌
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
COLLEYCARE LIMITED is an active Private limited Company
Based on its name, the company operates within the care services sector
Incorporated on 16 March 1988, COLLEYCARE LIMITED is registered under company number 02234990
Its registered office is located at Old Town Court, 70 Queensway, Hemel Hempstead, Hertfordshire, HP2 5HD, within the South East region of the UK
Private limited companies operating in the care sector typically provide a broad spectrum of services across the UK market
These commonly include domiciliary care, residential care, nursing care, and supported living options for various individuals and age groups
