REEDS RAINS LIMITED

PaymentCheck Score 2023
73Fair
0.4vs last year
#2469 in UK
#225 in Property
#109 in Yorkshire and The Humber

Company Information

Company Number
02568254
Registered Address
Howard House 3 St. Marys Court, Blossom Street, York, England, YO24 1AH
Status
Active
Employee Count
47
Turnover
£6,911,000
EBITDA
£2,138,000

Additional Details

Company Type
Private limited Company
Incorporated On
13 December 1990
Nature of Business
68310 - Real estate agencies
Industries
Property, Infrastructure And Construction, Software
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
50 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
57%
31-60 Days
23%
After 60 Days
20%
Not Paid Within Terms43%

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: 2024-01-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2023 - 30 Jun 202324 Jul 20233269%19%12%31%
01 Jan 2022 - 30 Jun 202229 Jul 20223169%19%12%31%
01 Jul 2021 - 31 Dec 202130 Jan 20222874%19%7%26%
01 Jan 2021 - 30 Jun 202130 Jul 20213363%26%11%37%
01 Jul 2020 - 31 Dec 202029 Jan 20215154%22%24%48%
01 Jan 2020 - 30 Jun 202029 Jul 20203159%24%17%41%
01 Jul 2019 - 31 Dec 201929 Jan 20202371%22%6%29%
01 Jan 2018 - 30 Jun 201830 Jul 20182979%15%6%21%

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

The most frequently used payment terms in the reporting period are 30 days.

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

All disputes or complaints are handled by our dedicated purchase ledger team in a timely manner.

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

REEDS RAINS LIMITED is a British real estate company that offers a wide range of property services to customers across the UK. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes measures such as using energy-efficient equipment, promoting recycling and reducing waste, and using sustainable materials in their buildings. They also encourage their employees to participate in eco-friendly practices and provide training on sustainability.

REEDS RAINS LIMITED offers a variety of products and services, including residential and commercial property sales and lettings, property management, mortgage advice, and property auctions. They also have a dedicated team for new build properties and offer a range of insurance services.

The company is led by a team of experienced and knowledgeable professionals, including their Managing Director, Oliver Blake, and their Chief Operating Officer, John Bagshaw.

Customers can contact REEDS RAINS LIMITED through their website, which provides information on their services and properties for sale or rent. Their registered office address is 1 Molyneux Drive, Ashton-under-Lyne, Lancashire, OL6 6RL.

In summary, REEDS RAINS LIMITED is a reputable real estate company in the UK that is committed to sustainability and offers a wide range of property services to its customers. With a strong leadership team and a focus on environmental responsibility, the company strives to provide high-quality and eco-friendly solutions in the real estate industry.

Financial Metrics

Cash
£3,842,000
Net Worth
£3,553,000
Total Current Assets
£5,908,000
Total Current Liabilities
£7,601,000

Company Location