HIGGINS GROUP PLC
Company Information
- Company Number
- 02348986
- Registered Address
- One Langston Road, Loughton, Essex, IG10 3SD
- Status
- Active
- Employee Count
- 346
- Turnover
- £144,173,000
- EBITDA
- -£28,142,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 16 February 1989
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services,Property,Infrastructure And Construction
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for HIGGINS GROUP PLC to pay invoices has fluctuated over the past three periods, with a decrease in the first period, an increase in the second period, and a decrease again in the third period. The company has consistently paid 100% of their invoices within 30 days in the first, fourth, and eleventh periods, with a decrease in the percentage in the second and fifth periods. The percentage of invoices paid between 31 and 60 days has also fluctuated, with an increase in the third and fifth periods, and a decrease in the fourth and sixth periods. The percentage of invoices paid later than 60 days has consistently been 0 in the first, fourth, and eleventh periods, with an increase in the second and fifth periods. The percentage of invoices not paid within agreed terms has fluctuated, with an increase in the third and fifth periods, and a decrease in the fourth and sixth periods.
Volatility Analysis
The volatility for HIGGINS GROUP PLC's payment behavior can be seen in the fluctuations in the average time to pay invoices and the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The company has shown consistency in paying 100% of their invoices within 30 days in certain periods, but the percentage has also dropped to as low as 69%. There is also volatility in the percentage of invoices paid between 31 and 60 days, with a high of 49% in the third period and a low of 0% in the fifth period. The same can be seen in the percentage of invoices paid later than 60 days, with a high of 42% in the third period and a low of 0% in the fourth and sixth periods. The company has also shown inconsistency in paying invoices within agreed terms, with a high of 4% in the third period and a low of 77% in the sixth period.
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 Feb 2023 - 31 Jul 2023 | 20 Sept 2023 | 11 | 100% | 0% | 0% | 65% |
| 01 Feb 2023 - 31 Jul 2023 | 09 Aug 2023 | 82 | 70% | 0% | 30% | 100% |
| 01 Aug 2022 - 31 Jan 2023 | 12 Apr 2023 | 26 | 80% | 5% | 15% | 80% |
| 01 Feb 2022 - 31 Jul 2022 | 12 Apr 2023 | 11 | 92% | 8% | 0% | 62% |
| 01 Aug 2021 - 31 Jan 2022 | 16 Feb 2022 | 13 | 95% | 0% | 5% | 78% |
| 01 Feb 2021 - 31 Jul 2021 | 10 Nov 2021 | 14 | 93% | 7% | 0% | 93% |
| 01 Aug 2020 - 31 Jan 2021 | 10 Nov 2021 | 19 | 69% | 31% | 0% | 77% |
| 01 Feb 2020 - 31 Jul 2020 | 10 Nov 2021 | 36 | 92% | 0% | 8% | 50% |
| 01 Aug 2019 - 31 Jan 2020 | 10 Nov 2021 | 7 | 100% | 0% | 0% | 42% |
| 01 Feb 2019 - 31 Jul 2019 | 02 Jan 2020 | 18 | 9% | 49% | 42% | 4% |
| 01 Aug 2018 - 31 Jan 2019 | 29 Jul 2019 | 20 | 86% | 5% | 9% | 67% |
| 01 Aug 2017 - 31 Jan 2018 | 06 Mar 2018 | 8 | 100% | 0% | 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
Standard invoices are settled the month end following the invoice month.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
NA
Maximum contractual payment period agreed
60
Dispute Resolution Process
Invoice queries are handled by the bought ledger team who will investigate the disputed item.
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
HIGGINS GROUP PLC is a UK-based company that provides a wide range of services in the construction and property development industry. The company was founded in 1963 and is headquartered in Bishop's Stortford, Hertfordshire.
The company is committed to sustainability and has a dedicated sustainability program in place. This includes initiatives such as using sustainable materials, reducing carbon emissions, and promoting eco-friendly practices throughout their operations. They also actively engage with local communities and support various charitable causes.
HIGGINS GROUP PLC offers a range of services including construction, property development, and civil engineering. They have completed numerous projects in the residential, commercial, and industrial sectors, with a focus on quality and innovation.
The key people at HIGGINS GROUP PLC include CEO David Higgins, who has over 30 years of experience in the construction industry, and Chairman Tony Leach, who has been with the company for over 20 years.
The company's website address is www.higgins.co.uk, where customers can find more information about their services, portfolio, and sustainability efforts. The registered office address is 160 London Road, Bishop's Stortford, Hertfordshire, CM23 3SF, UK.
In summary, HIGGINS GROUP PLC is a well-established company in the UK construction industry with a strong commitment to sustainability. They offer a wide range of services, have experienced leadership, and are dedicated to making a positive impact in their local communities.
