HOMESERVE MEMBERSHIP LIMITED
Company Information
- Company Number
- 02770612
- Registered Address
- Cable Drive, Walsall, WS2 7BN
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 December 1992
- Nature of Business
- 43220 - Plumbing, heat and air-conditioning installation65120 - Non-life insurance
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
HOMESERVE MEMBERSHIP LIMITED exhibits a slower payment trend, with an average payment time of 42 days, consistently exceeding standard 30-day terms. Less than half of their payments (46%) are made within 30 days, while a significant 39% extend beyond 60 days, indicating a recurring pattern of delayed settlements.
Volatility Analysis
Payment reliability for HOMESERVE MEMBERSHIP LIMITED is low, with nearly 40% of payments consistently exceeding 60 days and only 46% arriving within 30 days, making cash flow forecasting challenging. The 3% formal late payment rate, coupled with the high proportion of payments over 60 days, highlights a notable risk of delayed revenue for suppliers.
Summary Analysis
Suppliers should approach HOMESERVE MEMBERSHIP LIMITED with caution due to the extended average payment time and high proportion of payments over 60 days. It is recommended to factor in potential payment delays exceeding 60 days and consider implementing shorter payment terms, upfront deposits, or clear late payment clauses to mitigate associated cash flow risks.
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 Apr 2025 - 30 Sept 2025 | 17 Oct 2025 | 42 | 46% | 15% | 39% | 3% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 36 | 54% | 18% | 28% | 2% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 41 | 50% | 13% | 36% | 7% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 33 | 57% | 21% | 22% | 9% |
| 01 Apr 2003 - 30 Sept 2023 | 30 Oct 2023 | 42 | 50% | 11% | 38% | 8% |
| 01 Oct 2022 - 31 Mar 2023 | 24 Apr 2023 | 33 | 57% | 13% | 30% | 3% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 38 | 55% | 12% | 33% | 9% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 37 | 55% | 14% | 31% | 11% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 70 | 4% | 13% | 83% | 7% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 44 | 46% | 13% | 41% | 46% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Oct 2020 | 27 | 70% | 14% | 16% | 14% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 28 | 75% | 8% | 16% | 22% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 26 | 77% | 12% | 11% | 16% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 29 | 74% | 14% | 12% | 4% |
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
Homeserve offer a range of payment terms from immediate to 60 days EOM to their supply chain, valid sub-contractors invoices are paid within 28 days. Payment terms are agreed at point of contracting with a new supplier. Any changes to supplier terms are agreed with the supplier and processed through an internal approval system before updating the suppliers master data record.
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
60
Dispute Resolution Process
Invoices which do not automatically match to a purchase order for payment are sent to the requisitioner to resolve with supplier. A dedicated email address setup for suppliers to enquire of the status of their payments
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
HOMESERVE MEMBERSHIP LIMITED operates as an active Private limited Company
Its name indicates its business involves providing home-related services through a membership model
The company was incorporated on 3 December 1992, with its registered office located at Cable Drive, Walsall, WS2 7BN, in the West Midlands
It is registered under company number 02770612
Organisations of this type, specialising in home services with a membership structure, typically offer cover for household emergencies and repairs
These often include assistance for plumbing, electrical systems, boilers, and drainage, provided on a subscription or annual basis to residential customers in the UK
