PRIME LIFE LIMITED

Company Information

Company Number
02779611
Registered Address
Caenarvon House, 121 Knighton Church Road, Leicester, Leicestershire, LE2 3JN
Status
Active
Employee Count
2,781
Turnover
£112,784,000
EBITDA
£19,055,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 January 1993
Nature of Business
86900 - Other human health activities
Industries
Healthcare And Wellbeing
Region
East Midlands

Time to Pay

Average Time to Pay
40 days
Shortest Period:1 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
43%
31-60 Days
47%
After 60 Days
10%
Not Paid Within Terms16%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment terms are the final day of the following month. Payment is made by BACS.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/a

Maximum contractual payment period agreed

60

Dispute Resolution Process

Purchase Ledger team places invoice on hold within reporting system, logged as 'On Hold' for investigation and queried direct (by phone or email) with supplier or service provider until resolved. Typical resolution is achieved swiftly (within 30 days).

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

PRIME LIFE LIMITED is a UK-based company that provides care homes and services for the elderly and individuals with disabilities. The company was founded in 1988 and has since become one of the leading providers of residential care in the country.

As part of their commitment to sustainability, PRIME LIFE LIMITED has implemented various environmentally-friendly practices in their operations. This includes the use of energy-efficient systems and renewable energy sources, recycling programs, and reducing their carbon footprint.

In terms of their products and services, PRIME LIFE LIMITED offers a range of care options for their residents, including residential care, nursing care, dementia care, and respite care. They also have specialized facilities for individuals with learning disabilities and mental health conditions.

The company has a team of dedicated and experienced professionals, including registered nurses, care assistants, and support staff, who provide personalized and high-quality care to their residents. They also have a strong focus on training and development for their employees to ensure the best possible care for their residents.

For those interested in learning more about PRIME LIFE LIMITED, their website provides comprehensive information about their services, locations, and job opportunities. Their registered office address is located in Leicester, and their website is www.primelife.co.uk.

In summary, PRIME LIFE LIMITED is a reputable care home provider in the UK that prioritizes sustainability and offers a wide range of quality care options for the elderly and individuals with disabilities. With their dedicated team and commitment to excellence, they continue to be a trusted choice for families seeking care for their loved ones.

Financial Metrics

Cash
£3,729,000
Net Worth
£71,659,000
Total Current Assets
£29,434,000
Total Current Liabilities
£64,842,000

Company Location