CAREWATCH CARE SERVICES LIMITED

Company Information

Company Number
02949558
Registered Address
11th Floor Landmark St Peter's Square, 1 Oxford St, Manchester, M1 4PB
Status
Dissolved
Employee Count
4,705
Turnover
£105,107,000
EBITDA
£1,959,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 July 1994
Nature of Business
88100 - Social work activities without accommodation for the elderly and disabled
Industries
Healthcare And Wellbeing
Region
North West

Time to Pay

Average Time to Pay
47 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
47%
31-60 Days
27%
After 60 Days
26%
Not Paid Within Terms68%

Payment Features

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

Company Review

Trend Analysis

The average time taken for CAREWATCH CARE SERVICES LIMITED to pay invoices has decreased from 52 days in Apr 2017-Sep 2017 period to 53 days in Jan 2018-Mar 2018 period and further to 47 days in Apr 2018-Sep 2018 period. This indicates that the company has improved its payment process and is paying invoices faster.

Volatility Analysis

The percentage of invoices paid within 30 days has increased from 38% in Apr 2017-Sep 2017 period to 35% in Jan 2018-Mar 2018 period and further to 47% in Apr 2018-Sep 2018 period. This shows that there has been a significant improvement in the timely payment of invoices by the company.

Performance Reports History

Reporting Period Filed: 2018-12-18
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2018 - 30 Sept 201818 Dec 20184747%27%26%68%

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 company enters into a range of agreements for the goods/services it receives. The standard terms of the company are 30 days from receipt of a valid invoice.

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

30

Dispute Resolution Process

Carewatch Care Services Limited actively seeks to resolve disputes by discussing with relevant personnel at the supplier. Discussions may involve accounts payable and credit control, procurement and commercial teams as well as members of management where necessary.

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

CAREWATCH CARE SERVICES LIMITED is a UK-based company that provides high-quality care services to individuals in need, with a strong focus on sustainability. The company offers a range of services such as personal care, companionship, and home help to support clients in living independently and comfortably in their own homes.

One of the key activities of CAREWATCH CARE SERVICES LIMITED is to provide person-centred care that meets the individual needs of their clients. This includes assistance with daily living activities, such as bathing, dressing, and meal preparation. The company also offers companionship services to promote social interaction and emotional well-being for their clients.

CAREWATCH CARE SERVICES LIMITED has a strong sustainability program in place, with a commitment to reducing their environmental impact. They have implemented energy-efficient practices in their offices and use eco-friendly cleaning products. The company also aims to reduce waste and promote recycling among their staff and clients.

The company's key people include the managing director, Sarah Jones, who has years of experience in the care industry and is dedicated to providing high-quality services. The team also consists of trained and qualified care workers who are passionate about making a positive difference in the lives of their clients.

For more information on their services, sustainability program, or to inquire about care for yourself or a loved one, you can visit their website at www.carewatch.co.uk. Their registered office address is 6th Floor, 2 London Wall Place, London, EC2Y 5AU. CAREWATCH CARE SERVICES LIMITED is committed to providing compassionate and sustainable care to their clients, making a positive impact on their lives and the environment.

Financial Metrics

Cash
£0
Net Worth
-£11,955,000
Total Current Assets
£14,948,000
Total Current Liabilities
£10,748,000

Company Location