CARETECH COMMUNITY SERVICES LIMITED
Company Information
- Company Number
- 02804415
- Registered Address
- 4th Floor, Parkview, 82 Oxford Road, Uxbridge, England, UB8 1UX
- Status
- Active
- Employee Count
- 1,906
- Turnover
- £59,439,000
- EBITDA
- -£20,253,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 March 1993
- Nature of Business
- 86900 - Other human health activities87900 - Other residential care activities not elsewhere classified
- Industries
- Care Services
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
CARETECH COMMUNITY SERVICES LIMITED shows an average payment time of 25 days, with 66% of invoices settled within 30 days, indicating a generally prompt payment trend for the majority. However, a significant 34% of payments are late, with 13% extending beyond 60 days, suggesting an inconsistent payment trajectory for a portion of their invoices.
Volatility Analysis
The 34% late payment rate introduces an element of unpredictability, making cash flow forecasting less reliable for suppliers. With 13% of payments exceeding 60 days, there is a clear risk of extended payment delays, highlighting inconsistent adherence to standard payment terms and potential payment volatility.
Summary Analysis
While the average payment time is good, the substantial percentage of late and very late payments indicates CARETECH COMMUNITY SERVICES LIMITED presents a moderate payment risk for suppliers. Suppliers should consider implementing shorter payment terms, conducting credit checks for new contracts, or requiring upfront deposits to mitigate the identified payment delay 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 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 25 | 66% | 21% | 13% | 34% |
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
we pay 30 days from the date of approval of the invoice
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
we aim to process any dispute within 5 working 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.
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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
Company Summary
CARETECH COMMUNITY SERVICES LIMITED is an active Private limited Company. Based on its name, the company provides care technology community services.
Incorporated on 29 March 1993, the company operates under company number 02804415. Its registered office is located at 4th Floor, Parkview, 82 Oxford Road, Uxbridge, England, UB8 1UX.
Typically, a UK company specialising in care technology community services provides solutions designed to support individuals within community settings. This can include offering assistive technology, remote monitoring systems, and digital platforms to enhance independent living and community-based care.
