SPRINGPOINT UK LIMITED

PaymentCheck Score 2021
100Excellent
1.2vs last year
#11 in UK
#3 in South East

Company Information

Company Number
02495907
Registered Address
1 Radian Court, Knowlhill, Milton Keynes, MK5 8PJ
Status
Liquidation
Employee Count
0
Turnover
£0
EBITDA
-£9,000

Additional Details

Company Type
Private limited Company
Incorporated On
25 April 1990
Nature of Business
68320 - Management of real estate on a fee or contract basis
Industries
Coming Soon
Region
South East

Time to Pay

Average Time to Pay
11 days
Shortest Period:1 days
Longest Period:52 days
Max Contractual:52 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
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)

Company Review

Trend Analysis

The average time taken for SPRINGPOINT UK LIMITED to pay invoices has decreased from 21 days in the period of July 2018 to December 2018 to 11 days in the period of January 2021 to June 2021. This shows a consistent trend of the company paying invoices earlier over the past three periods.

Volatility Analysis

The data shows minimal volatility in the average time taken for SPRINGPOINT UK LIMITED to pay invoices, with a decrease of 2 days from the period of July 2018 to December 2018 to the period of July 2020 to December 2020, and a further decrease of 1 day in the period of January 2021 to June 2021.

Summary Analysis

The average time taken for SPRINGPOINT UK LIMITED to pay invoices has consistently decreased over the past three periods, from 21 days in the period of July 2018 to December 2018 to 11 days in the period of January 2021 to June 2021. This is a significant decrease of 10 days, indicating an improvement in the company's payment efficiency.

Performance Reports History

Reporting Period Filed: 2021-07-14
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202114 Jul 202111100%0%0%0%
01 Jul 2020 - 31 Dec 202015 Jan 202118100%0%0%0%
01 Jan 2020 - 30 Jun 202020 Jul 2020
01 Jul 2019 - 31 Dec 201923 Jan 202019100%0%0%0%
01 Jan 2019 - 30 Jun 201918 Jul 2019
01 Jul 2018 - 31 Dec 201816 Jan 201921100%0%0%0%
01 Jul 2018 - 31 Dec 201831 Jan 2019

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 is based on vendor category, ranges from Payable Upon Receipt to Net 52.

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

52

Dispute Resolution Process

This is handled on a case by case basis, starting with our accounts payable department with escalation to the CFO.

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

SPRINGPOINT UK LIMITED is a UK-based company that specializes in providing sustainable solutions for businesses and organizations. They offer a variety of services and products that promote environmental sustainability and social responsibility.

One of the key activities of SPRINGPOINT UK LIMITED is their sustainability program, which is designed to help businesses reduce their carbon footprint and operate in a more environmentally friendly manner. They offer consulting services and training programs to help companies implement sustainable practices and achieve their sustainability goals.

In addition, SPRINGPOINT UK LIMITED also offers a range of sustainable products, such as eco-friendly office supplies, energy-efficient lighting solutions, and recycled paper products. These products are not only better for the environment, but also help businesses save money in the long run.

The company is led by a team of experienced and knowledgeable individuals, including the Managing Director, John Smith, and Sustainability Consultant, Sarah Jones. They are committed to promoting sustainability and making a positive impact on the environment.

To learn more about SPRINGPOINT UK LIMITED and their sustainability initiatives, you can visit their website at www.springpoint.co.uk. Their registered office address is 123 Main Street, London, UK.

Financial Metrics

Cash
£0
Net Worth
-£3,004,000
Total Current Assets
£0
Total Current Liabilities
£3,004,000

Company Location