CLS HOLDINGS PLC
Company Information
- Company Number
- 02714781
- Registered Address
- 16 Tinworth Street, London, England, SE11 5AL
- Status
- Active
- Employee Count
- 118.0
- Turnover
- 148700000.0
- EBITDA
- -222600000.0
Additional Details
- Website
- https://clsholdings.com/
- Company Type
- Public limited Company
- Incorporated On
- 14 May 1992
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services,Property,Infrastructure And Construction
- Region
- London
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 | 31 Jan 2024 | 26 | 70% | 28% | 2% | 30% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 25 | 84% | 14% | 2% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Feb 2023 | 24 | 90% | 8% | 2% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 25 | 84% | 14% | 1% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 24 | 88% | 9% | 3% | 15% |
| 01 Jul 2021 - 31 Aug 2021 | 28 Jan 2022 | 24 | 88% | 9% | 3% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 25 | 90% | 10% | 0% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 22 | 85% | 15% | 0% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 24 | 83% | 15% | 2% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 26 | 83% | 15% | 2% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 27 | 78% | 17% | 5% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 24 | 83% | 16% | 1% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 25 | 76% | 22% | 2% | 25% |
Company Summary
CLS Holdings PLC is a commercial real estate company based in London, UK
The company operates through two divisions: Investment Property and Other Investments
The Investment Property division is involved in the acquisition, development, and management of commercial properties primarily in the UK, Germany, and France
This division focuses on creating value through active asset management and development of its portfolio
CLS Holdings PLC has a diverse portfolio of properties including offices, retail spaces, and industrial properties
In terms of sustainability, CLS Holdings PLC is committed to reducing its environmental impact through sustainable construction and operation of its properties
The company has implemented various energy efficiency initiatives and continuously monitors and reports on its carbon emissions
It also works closely with tenants to promote sustainable practices
CLS Holdings PLC's Other Investments division includes its hotel operations, serviced apartments, and residential development projects
The company has a strong track record of delivering high-quality properties in desirable locations
Key people at CLS Holdings PLC include its Chairman, Sir Stelios Haji-Ioannou, and its CEO, Fredrik Widlund
The company's registered office address is at 7th Floor, 5 New Street Square, London EC4A 3TW
In summary, CLS Holdings PLC is a leading commercial real estate company with a strong focus on sustainability
With a diverse portfolio of properties and a commitment to reducing its environmental impact, the company is well-positioned for growth and success
For more information, visit their website at https://www.clsholdings.com/
Company Review
Trend Analysis
The average time for CLS HOLDINGS PLC to pay invoices has remained relatively consistent, with only a slight increase in 2019 and a slight decrease in 2021 compared to the previous periods. However, there has been a gradual improvement in the percentage of invoices paid within 30 days, which indicates a trend towards earlier payment.
Volatility Analysis
The company's volatility in terms of paying invoices can be seen in the fluctuations of the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. These percentages have both varied by up to 7% over the past 6 periods, indicating a level of unpredictability in the company's payment practices.
Summary Analysis
Based on the data, CLS HOLDINGS PLC has shown a consistent average time to pay invoices at around 24-27 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, with a current rate of 90% compared to 76% in 2018. This suggests that the company has made efforts to pay invoices earlier. The worst period for the company in terms of paying invoices was in 2023, where 30% of invoices were not paid within 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
Our standard payment terms are 30 days from receipt of invoice unless it is disputed.
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
45
Dispute Resolution Process
Queries regarding invoices are handled by the relevant purchasing department. On satisfactory resolution with the supplier, the invoice is paid in accordance with the normal approval process.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
